On Tuesday, 3 December 2019 19:14:34 UTC, Andrew wrote:
On 02/12/2019 13:22, whisky-dave wrote:


In most cases graduates will still have their studetn loan to pay off.
A friend who is studing in huddersfield has debts of over £40k that's nore than the price of some of the houses there, and at 6% interest.
He will probably not pay it off and it gets written off anyway.

In the 70's only the top 5% went to Uni

I thought it was the top 2%

(free tuition + maint. grant).
You cannot send every 18 year old to Uni on the same deal,

too true.

there just
aren't enough money trees available. Forget 'taxing the top 5%',
in the 70's the basic rate was 33%, the top rate was 83% and another
15% on top if you had any dividend or savings income.


Houses are actually cheaper...

How do you work that one out ?

Ultra low interest rates,

but ultra high amounts need to be borrowed. Which is why shared ownership is offered.


https://www.hsbc.co.uk/mortgages/how...ould-i-borrow/

as a graduate on £25K they'll lend you around £112K

Apart from barking and dagernham you won;t find much in london.





massively subsidized by savers who are
getting almost bugger all interest.


Andy