All going to plan

Telegraph: The average working life isn't long enough to pay for a house

Also this week, the National Housing Federation produced research showing that two in three first-time buyers now got help from their parents, up from one in three five years ago. Of today’s children, it predicted that only those from the “wealthiest families will be able to buy a home”. It also poured cold water on any claims by today’s older generation that buying a house was as difficult when they were young. The ratio between property prices and wages has shifted so enormously that house buying today is as difficult for buyers with two wages as it was 35 years ago for a single borrower on just their own income.

Posted by quiet guy @ 11:05 AM 7 Comments

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