Quote:
Originally Posted by Cherie
and you are missing the point that even though it does cost alot of money, there are various schemes to help people get on the property ladder which weren't available to people in the 90s or before that , apart from right to buy, so even though property prices are very expensive its not impossible as there is help out there, how is your property purchase going Kizzy?
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I was just going to say that about the missing the point! But I think the point being missed is that 380000 is more or less the same as an earlier generations 38000 when you take into consideration cost of living and wages at the time.
I can remember an older cousin buying a house in the 80s and struggling to get proof of earnings including overtime of about 9k to get a mortgage on a one bedroom place for around 25k.