On 18/11/2017 11:29, Fredxxx wrote:
On 18/11/2017 11:00, Graeme wrote:
In message , Fredxxx
writes

Average salaries meanwhile have risen from £2,170 in 1973 to £28,200
in 2016, according to estimates from the Office for National Statistics.

This means that on average people needed 4.5 times their salary in
the late 1970s to buy a home while today, they need 7.3 times.

Interesting statistics, and fairly depressing, too, for youngsters
today.Â* Back then, the usual maximum mortgage was 2.5 times main
salary, plus once second salary.Â* Then again, very few people would
have been able to borrow more than eighty % of valuation.

There are some here who are in denial of the consequence of the double
whammy where immigration has increased demand and the price of housing
and at the same time an influx of workers has depressed wages.

It's probably the best indicator of why we're leaving the EU.

It is the no. 1 reason why people voted to leave the UK.