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Think your mortgage figure is a bit OTT (I'd say more like 2k ish for that mortgage) but the basic point is right - that the correlation between income and housing is completely screwed, and given that's most people's single largest expense and / or asset, that has a huge impact on wealth and inequality.
The fact we don't tax wealth much or at all is part of the reason you can have people who are in the top few % for income who don't feel flush (and conversely why you can have some low earners in terms of income who, by virtue of housing wealth, are minted).
Neither situation is particularly healthy for an attitude and economy that wants to incentivise work, IMO
andyfallsoff-
Think your mortgage figure is a bit OTT (I'd say more like 2k ish for that mortgage)
I relied on https://www.hsbc.co.uk/1/2//mortgages/repayment-calculator - it reckons £3900 a month for a £563k mortgage. But not claiming expertise at all, I'm nowhere near those heady heights.
ReekBlefs
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.