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It's because a lot of people on 80k do feel squeezed by car and mortgage payments, but don't understand they have a choice to live like that and people on 20k dont have that choice.
Some people can tighten their belts but don't want to,they can't comprehend that some people don't even have belts.
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I'm guessing people on 80k+ feel squeezed could be because as the prophet Biggie said, "more money more problems"
I think it's more accurately housing crisis = mo problems.
I'm in no way defending those who plead poverty while earning £80k a year. But break it down:
£80k a year = £54k after tax a year. About £4k a month.
Average house price in London, just north of half a million. Assuming you can find a £50k deposit, your mortgage will be £4500 a month - £500 more than your wages.
£80k is a significant amount of money but it's not enough to pay the mortgage on an average house in London.
When being in the top 5% of earners means you can't even get the top 50% of houses there's something wrong. Our housing crisis has bent everything out of shape.
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n3il
ReekBlefs
@Chalfie
No. I got your point. I was just trying to draw something out when you said "It's not true that "no one can buy a house anywhere""
It's true for a lot of people who are apparently doing alright by the "25k a year" metric. They can't buy a house.
I get you're not against raising taxes on 80k+
I'm guessing people on 80k+ feel squeezed could be because as the prophet Biggie said, "more money more problems"