Quote:
Originally Posted by Cherie
1,000 a month to rent! you would pay no where near that on a 25 year mortgage, what you save will depend on what you earn but if as a couple you could afford 1k a month in rent then you could save that if parents were willing to take you back for a few years? , 25K a year is probably an average wage in London so it is achievable, again with the rider not everyone will be earning this because I feel I have to clarify everything that I say
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As a couple... So there are two wages to consider now? I'm sure in cals calculation there was only one.
If we are discussing buying property why mention rental values?
You do have to clarify everything you say as you have intimated it's relatively simple ,even Sajid Javid knows it's nigh on impossible!
Sajid Javid pointed out that the average first-time buyer in London last year needed a deposit of more than £90,000.
'The communities secretary, Sajid Javid, has lambasted baby boomers who believe young people could afford a home if they cut back on nights out and avocados, saying such critics were out of touch with a broken housing system.
Javid warned that without urgent action to make homes more affordable, an entire generation could becomes rootless, and resentful of both capitalism and politicians.
His speech in Bristol came shortly after Theresa May visited a social housing estate in north London, as part of a concerted government push on the issue ahead of next week’s budget.
Javid had tough words for “baby boomers who have long since paid off their own mortgage” who believed there was no need to build more homes, saying they were “living in a different world”
https://www.theguardian.com/politics...arket-avocados