Owning your own home

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Tenderloin

What is the average % households are spending on mortgage? From what I can see 25-30% seems to be the quoted number which seems high to me

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Greenbank in reply to @Tenderloin

Figure 2.1 here may help:

https://www.gov.uk/government/statistics/chapters-for-english-housing-survey-2022-to-2023-headline-report/chapter-2-housing-costs-and-affordability

Shows 25%-30% for top 60% of household incomes.

The averages are heavily skewed somehow:

"In 2022-23, the average (median) mortgage payment was £173 per week. Median mortgage payments were higher in London (£256) than in the rest of England (£162). "

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Grumpy_Git in reply to @Greenbank

Nearly had a heart attack til I realised this was weekly.

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