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the_duke_of_hazzard

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FTB average 3.21 x income? WTF?

It's a misleading figure, it's the income multiple of those who can afford to buy still, who are obviously earning a lot more than others (and are probably older too).

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FTB in some definitions includes all those who don't own a property at the time of buying.

So STRers returning to the market and buying with cash or mostly cash + small mortgage would bring down the income multiple quite considerably.

I intend to be a FTB in about 3 years' time with a mortgage of 0x my income.

If 3.21 is the average, then roughly half of FTBs will be borrowing more.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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