Jump to content
House Price Crash Forum
Sign in to follow this  

Cml Transactions Down

Recommended Posts

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).

Share this post

Link to post
Share on other sites

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.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.