Ron Hickman dies
On 20 Feb,
Tim Watts wrote:
So houses have definately doubled WRT wages if not more, which explains why
all married types need to have 2 jobs these days and the days of a stay at
home parent are over unless one has a mega financial parasite type job.
That's because (until recently) banks/building societies would lend out up to
5x salary, compared to 2.5x (+1 possibly for spouse) and demanded a 15%
deposit (which could be reduced with an insurance policy taken out).
Houses cost more or less what the lenders will lend.
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