/biz/ - Business & Finance

>>49417769
>median full time employed salary before tax: £32k
>median personal income pre tax : £19k
>Median house price £480,000
>Median annual house price increase
>£30k

It is mathematically impossible for the normal person to own a home.

With a dual income you'd need a 300 year mortgage.

One friend who makes £95k and his gf makes £55k, and parents gave/loaned 200k for a deposit + 100k savings managed to get on the ladder at 31. He's a global manager at a tech company, she works in investment banking. They've bought a house a neighbourhood that was formally for teachers/plumbers and retired postal service workers.

if we're in a bubble he'll lose everything when it pops.