A friend's oldest boy is buying a small house soon (with some help from the parents).
They were telling me not only did they have to put up a 10% deposit but his mortgage is for 35 years, I thought 25 was a long time but to make it affordable this is what they now do, they even do 45 years if needed.
To me that highlights the price of houses is dispraportinate to most peoples wages.
|