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MSE News: The first-time buyer mortgage conundrum

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This is the discussion thread for the following MSE News Story:

"First-time buyers (FTBs) who've got on the housing ladder are spending less of their income on servicing mortgage debt but many other wannabe homeowners are still struggling ..."

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  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    edited 14 January 2010 at 1:28PM
    Sorry being thick - whats the conundrum??
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Does anyone ever remember a time when it was easy for FTB's ?
    Space available for rent
  • 10-15 years ago it was a lot easier. Heck, even 7 years ago my parents sold a house for less than 3 times my salary. Where I live I now, a 2-bed flat would be over 10 times my salary :eek:

    Anyhow, this article ignores the cost of repaying the capital - it only looks at the interest. If this was included the numbers would look a lot more horrific.
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