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It's more like 12 times - and rising.
http://www.theguardian.com/uk-news/2...s-house-prices
It's bloody mad, I made my final payment on my house last month, with 7 years at my previous house, I've been paying a mortgage for 33 years in total, my daughter is OKish and is on the ladder, but my son (23) still lives with us, he earns enough to support himself but, has free board and lodge with us, he'd love to get his own gaff but it just isn't possible for him to do that at the moment, he has a part time job in addition to what he pockets from his music. We enjoy having him home and probably makes it too easy for him not to stretch himself looking for his own place, its all relative but but my 1st house in Moorland road Splott (No. 112) cost £16,250 I could afford to buy that on 2.5 x my salary at the time and 1 x hers, We bought this house for 64,000, we really stretched ourselves to buy it at the time, a big increase in mortgage and my wife gave up work when we moved here as she was preggers with our son, I feel for many of the youngsters, how are they supposed to buy houses today?
Our home is up for sale at the moment, obviously have been speaking to quite a few estate agents, what you are saying is 100% correct but add on, part of the money made downsizing is given to a son or daughter as a deposit for their house my lads not even keen on this as he realises gas, leccy, food etc. costs!!!!!
I can't see my daughter ever affording to buy a house either.
Did you see this? it came in to force in March, don't you just love the EU
"Urgent warning: EU remortgage rules could create mortgage prisoners"
http://www.moneysavingexpert.com/new...ges-warning-EU
Last edited by Mrs Steve R; 02-06-16 at 22:59. Reason: I do what I want, I do what I want, I'm Mrs R and I do what I want \o/
Scaremongering I can remember when getting my 1st mortgage and being wary of taking on too much but many were getting silly mortgages going way over their earnings ratio and there wasn't much regulation of this, in hindsight it was obviously the way to do it. If we chuck away the mentality of being a home ownership nation, rents are at stupid levels.
Micheal Gove. Is there a bigger T.Watt in politics right now?
So it emerges he is on a life long revenge mission with the Brexit thing because he wrongly thinks his old man lost his fishing business in the over fished waters of Scotland. But even his old man disagrees with him!
http://www.theguardian.com/politics/...ssing-aberdeen
And what a moronic hypocrite. He doesn't like government coming from outside of the UK. Yet he is an MP for a constituency in Surrey because he knows full well that no sane person in Scotland would ever vote for the pr1ck.
Alternatively, they have put all the "nasties" on the same team to make you vote remain?
If we exit there will most certainly be a general election, so basically you've been conned
"The cruel trick that means however you vote on the EU, we’re all screwed"
http://www.thecanary.co/2016/06/21/t...ritish-public/
I see things a bit different to Kerry who wrote that but I agree on the same outcome #screwed