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am I crazy?

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Comments

  • Dr._Shoe
    Dr._Shoe Posts: 563 Forumite
    Yes but in those days you could get a decent home for 2.5 times your salary...
  • jimjames
    jimjames Posts: 18,930 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    DiamondLil wrote: »
    Ouch ! I can remember paying 15% mortgage rate.......:(
    I think the likelihood of those days returning in the near future are practically zero.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • DiamondLil
    DiamondLil Posts: 755 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Dr._Shoe wrote: »
    Yes but in those days you could get a decent home for 2.5 times your salary...

    Almost true - with a deposit of 10% saved, we could get a mortgage of 2.5 times my husband's salary as, being a married woman, my salary didn't count at all.
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