How did it become acceptable for someone to commit to 25yr marriage to mortgages

zagubov

Running_Horse wrote: »

Is that true?

https://youtu.be/iGbC5j4pG9w

This YouTube film suggests otherwise.

I think it was common in the 80s, but one source says they weren't available before '95.

I don't know if they're common any more. Sweden's shortened its mortgage length fairly recently and seemed to have mortgages that lasted 140 years.

Dingo12

The video basically says you can get a 1 bed home for $300k (230k GBP) within a 15 min train ride from the city centre. You could say the same thing about London, where I'm sure you could buy a 1 bed in somewhere like Balham for similar money.

teddysmum

Mortgages were paid over 25 years more than 45 years ago.


Houses sold for £5000, then are now worth £150000, even in areas that don't have massive populations like London, but income was much lower in those days, so to some extent the prices are relative.


Back then, there were, in this area anyway, fewer people who wanted to buy and most Victorian/Edwardian terraced house were privately rented. My parents bought from their landlord, who had at least 6 more houses in that particular terrace.

chucknorris

Dingo12 wrote: »

The video basically says you can get a 1 bed home for $300k (230k GBP) within a 15 min train ride from the city centre. You could say the same thing about London, where I'm sure you could buy a 1 bed in somewhere like Balham for similar money.

Not much chance of that, maybe an awful flat on the extreme outskirts of Balham (ie not really Balham) in the worst of ex-council blocks, but I wouldn't hold your breath.