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Affordable
The affordability of houses is determined by a number of factors such as:-
- Interest rates
- Present and future pay rises
- The level of Taxation, will it keep going up?
- How much credit card debt and other unsercured debt a person has borrowed
- Inflation: Will inflation pay of this generations mortgages as it did for previous generations? Will food prices and oil prices inflation make it difficult for me to repay my mortgage?
- Saving for a Pension
See also