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The Clubhouse Bar
A Political Thread pt. 2
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<blockquote data-quote="ncurd" data-source="post: 1071357" data-attributes="member: 72205"><p>There's a reason why when I bought this house it was 5years fixed rate with Brexit on the horizon it was clear there would be high volatility. </p><p></p><p>BTW this was was my first at 34 so I've no idea who this generation of home buyers are because Millennials find it notoriously hard to get on the housing market, due to rocketing house prices since the early 90's and getting a mortgage has always been hard in the UK as the combined salary of everyone being giving the mortgage needs to be multipled by 4.5 to work out the maximum amount you could be lent.</p><p></p><p>I live in what is essentially meant to be a 2 bedroom starter home and it cost only slightly less than the UK average salary x2, x4.5. So an average couple could afford it but we know the average salary is not really a good stat for this as we want to workout what salary first time buyers are so entering at the lowest/cheapest point of the market.</p><p></p><p></p><p>I really don't know how short the Brexit spike is going to be its still not all factored in as we are still negotiating the extent of which it reaches. Couple that with inflation rarely goes back down its going to take years for it to right itself. I don't think even years with low inflation my standard pay rise has ever been above inflation (those from changing jobs and promotions have been well above so I'm net winner currently). It feel like a process that will lead to just more and more people fallling below the poverty line unless the governement to do things and help them in the hear and now. However we've been slashing benefits for the past 12 years rather than suring them up.</p></blockquote><p></p>
[QUOTE="ncurd, post: 1071357, member: 72205"] There's a reason why when I bought this house it was 5years fixed rate with Brexit on the horizon it was clear there would be high volatility. BTW this was was my first at 34 so I've no idea who this generation of home buyers are because Millennials find it notoriously hard to get on the housing market, due to rocketing house prices since the early 90's and getting a mortgage has always been hard in the UK as the combined salary of everyone being giving the mortgage needs to be multipled by 4.5 to work out the maximum amount you could be lent. I live in what is essentially meant to be a 2 bedroom starter home and it cost only slightly less than the UK average salary x2, x4.5. So an average couple could afford it but we know the average salary is not really a good stat for this as we want to workout what salary first time buyers are so entering at the lowest/cheapest point of the market. I really don't know how short the Brexit spike is going to be its still not all factored in as we are still negotiating the extent of which it reaches. Couple that with inflation rarely goes back down its going to take years for it to right itself. I don't think even years with low inflation my standard pay rise has ever been above inflation (those from changing jobs and promotions have been well above so I'm net winner currently). It feel like a process that will lead to just more and more people fallling below the poverty line unless the governement to do things and help them in the hear and now. However we've been slashing benefits for the past 12 years rather than suring them up. [/QUOTE]
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A Political Thread pt. 2
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