Oh dear, here we go again, cut 'n' paste and forget.It's nothing to do with ratios, it's to do with affordability, the question that needs serious consideration is how can some one on minimum wage afford to buy a house?Or do you think that high house prices may have been engineered by the suits, by allowing 125% loans at 6 or 7 times annual income.
No, the question that needs serious consideration is "Should someone on minimum wage buy a house?"Anyone banging on about "the right to" can fund my right to have a Ferrari. I do need to travel - it's a human right apparently.
Nope, some one on mininmum wage should have the CHOICE of whether to buy or not, at the moment they have no choice whatsoever.
Anon,yes, it was a bit of cut-and-paste. Unfortunately, Excel does not allow one to create web ready graphics. Or if it does, I haven't figured out how to do it.So, I'm forced to copy and paste the charts into Adobe photo shop and then upload them to blogger.Turning to your more substantive question, I've over 2200 posts on this blog. Some of them deal directly with your question. Frankly, I'm tired of the UK housing market. It is a mess, it was a mess for as long as I can remember, and it will continue to be a mess for as long as I walk upon God's earth.Perhaps you are right, perhaps I should stop the cut-and-paste and move on.Alice
The great crash has only begun.
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