katiew1973:It’s crazy. My partner & I can easily afford the mortgage payments on a house.What we
katiew1973:It’s crazy. My partner & I can easily afford the mortgage payments on a house.What we can’t afford is the £25k deposit we’d need to buy a house.[Image ID: A tweet from Peter Stefanovic (@PeterStefanovi2). It reads: If you only read one thing today, make it this.There is a photograph of a newspaper article attached. The title is “Mission impossible” and it reads:In 1965 I was a fireman earning £1,000 a year and I bought a house for £3,500, with a mortgage of three times my salary. Today that very ordinary property is valued at £650,000, so a buyer would need a £50,000 deposit and an income of £200,000 a year. This shows how utterly impossible the situation is for young people.] -- source link
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