Originally Posted by mechanic28
really fucks me off this does how the fuck can i afford to get on the ladder even if i get a loan for 5 times my wages wots that going to get me a one bedroom flat in a shit hole even then i will have no money to live on
for fuck sack something has got to give
you also forgot that you wont make any money on it as even though the house prices rise, you will be paying 30% more interest anyway
meaning that its cost you with interst what its worth over time as the market slows down ect
may aswell rent and not have to pay for bills to repair the place and worry about having to sell it on ect
unless you pay 50% income on the morgage at 3 to 4 years wages they it aint worth it these days IMO