• You're earning 80k in this hypothetical situation.

    His point is valid tho. I earn around the £50k a year mark and I struggled for a £10k deposit. The idea of a £50k one even with double my current money seems really unlikely.

  • His point is valid tho. I earn around the £50k a year mark and I struggled for a £10k deposit. The idea of a £50k one even with double my current money seems really unlikely.

    Your cost of living does not automatically increase if you suddenly earn more.

    If you earn an extra £30k a year you'll take home an extra ~£20k a year. If you continue to live as you did on £50k/year then that £10k deposit becomes a £50k deposit with two years of not spending the extra you're earning.

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