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Debate House Prices


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Housing at its most AFFORDABLE level for more then six years

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Comments

  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    mewbie wrote: »
    That figure is abso!!!!!!!lutely bonkers. 4.8 times salary? So you can earn a reasonable wedge, mortage up to the hilt (and beyond), and have no money left to buy curtains for example.

    I thought this kind of garbage lending had been thrown out now? Madness.

    It is upto 4.8 times salary, so you may not be offered this figure once you've gone through the credit checks, deposit etc...
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    dopester wrote: »
    What and where are all these jobs, which will pay more? I can understand it if your talent and skills really outshine that of most other candidates in the marketplace to bring value to a company.

    Good evidence of that at the Emirates last night icon7.gif although I have a feeling you will return the favour in a couple of weeks :eek:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    bumpoowee wrote: »
    Just because you can borrow that much, why would you want to? My household income is 70k ish but when I buy I'd be looking at houses in the 120k bracket, once I have a 30% deposit.

    It is quite sad that some people feel that the purpose of life is to work yourself to death to pay over the odds for a pile of bricks, when you could spend your money actually enjoying yourself instead.

    In Aldershot you can buy a 2 bed flat for £120,000 if you could get 100% mortgage at 4% repayments about £650. Rent for similar flat £650. Paying over the odds?
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