Wednesday, Nov 08, 2006
So how come house prices are so high & affordable
MSN: Where the UK's richest people live
So top earnings are in London at £70K, and above averagre elsewhere at 30K ish. So how come they can afford houses at the current prices???? In my area in Kent a nice 5 bed detached is £825,000. In the villages 10 mins from station and 55mins from London. If you have £250,000 in cash to buy the house you have to earn £82,000 at 7x salary. It has been for sale over 12 months! This is why the madness will end soon.
Posted by waitingfor hpc @ 09:43 AM (118 views) Add Comment
1 Comment
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1. Chris said...
Easy