Yeah.
I was doing the maths on it the other day.
In Y2k I bought a house in a ropey market town for £60k on a £14k salary with a £6k deposit.
17 years later that house looks to be £200k, so would need a £20k deposit and a £45k salary.
I work in the same industry and the salary now for the job I was doing is about £25k.
So the house has risen about twice as fast as salaries have.
And that's a small, sad market town in Suffolk, in big thriving cities I'm sure it's worse.
@Hefty started
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Yeah.
I was doing the maths on it the other day.
In Y2k I bought a house in a ropey market town for £60k on a £14k salary with a £6k deposit.
17 years later that house looks to be £200k, so would need a £20k deposit and a £45k salary.
I work in the same industry and the salary now for the job I was doing is about £25k.
So the house has risen about twice as fast as salaries have.
And that's a small, sad market town in Suffolk, in big thriving cities I'm sure it's worse.