Owning your own home

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NickCJ in reply to @Mr_Smyth

I don't know, some people seem to run their finances shockingly close to the edge. Your £2 mm house occupant might have £200k of equity and the thick end of £10k in monthly mortgage payments against volatile income. Defeasing a grand of that in a bad month could be quite welcome.

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chrisbmx116 in reply to @NickCJ

Very unlikely. Can’t imagine many peoples first house is a 2 mil family house. Daddy would have bought them a flat in Hackney first with cash for 500 which is now 750.

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leggy_blonde in reply to @chrisbmx116

Nah, plenty of "self-made" city boys are reliant on their bonuses!
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NickCJ in reply to @chrisbmx116

The group reliant on Daddy's money don't need to or can't develop the earnings capacity to graduate beyond the Hackney flat. I'm talking about successful career people from more humble origins.

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