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Ethel

Sky News Presenter Says

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well, we all know the knock on effect, if multiples drop to only 2x or 3x salaries, all those big house prices will come tumbling down quicker than wh^res drawers at a business convention and it wont be just a little drop, it will be a great big massive whoosh amount.

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Guest DissipatedYouthIsValuable
We evolve into a kind of human-snail hybrid and grow our own house on our back?

Am I right, do I win a prize?

This is my favourite answer.

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.....they also take in 2 white-collar lodgers to help with the monthly payments.

From reading quite a lot of Chales Dickens, I gather this was the norm during his lifetime :P

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well, we all know the knock on effect, if multiples drop to only 2x or 3x salaries, all those big house prices will come tumbling down quicker than wh^res drawers at a business convention and it wont be just a little drop, it will be a great big massive whoosh amount.

Smells fishy to me!

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.....they also take in 2 white-collar lodgers to help with the monthly payments.

From reading quite a lot of Chales Dickens, I gather this was the norm during his lifetime :P

What larks , Pip.

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Guest KingCharles1st

OH GOD_ ITS ALL GONE WRONG SINCE TONY LEFT US- WHY OH WHY DID HE LEAVE US

desperate wringing of hands on knees..

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I rather doubt it'll be the end of those kind of multiples for high earners in certain professions. This site has a lot of "3.5 is the right income multiple" believers, but that's just rubbish.

If you're a young professional with highly marketable skills and a high chance of significantly above average salary increases as you become more senior then high salary multiples are not dangerous lending, particularly if you're already earning enough that you have lifestyle factors you can easily cut back on if necessary (as opposed to lower earners who can't really cut back on eating).

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Guest Bart of Darkness
Oh dear.

Which means nobody will be able to afford to buy ANY houses.

Unless......

I know! Please, please, I know this one!!!!

Is it.... house prices will have to come down?

This is my favourite answer.

And it does have a strange kind of logic to it as well.

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I rather doubt it'll be the end of those kind of multiples for high earners in certain professions. This site has a lot of "3.5 is the right income multiple" believers, but that's just rubbish.

If you're a young professional with highly marketable skills and a high chance of significantly above average salary increases as you become more senior then high salary multiples are not dangerous lending, particularly if you're already earning enough that you have lifestyle factors you can easily cut back on if necessary (as opposed to lower earners who can't really cut back on eating).

What about normal folk? 3.5 should be the limit.

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I rather doubt it'll be the end of those kind of multiples for high earners in certain professions. This site has a lot of "3.5 is the right income multiple" believers, but that's just rubbish.

If you're a young professional with highly marketable skills and a high chance of significantly above average salary increases as you become more senior then high salary multiples are not dangerous lending, particularly if you're already earning enough that you have lifestyle factors you can easily cut back on if necessary (as opposed to lower earners who can't really cut back on eating).

Yes, and we all know that such individuals make up the vast majority of the market.

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They redefine the number base to binary and move everything one place right so "3" actully means "6"?

Kind of like the CPI figures, then..? <_<

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OH GOD_ ITS ALL GONE WRONG SINCE TONY LEFT US- WHY OH WHY DID HE LEAVE US

desperate wringing of hands on knees..

But who is going to get the blame, will Mr Darling be able to duck in time for the sh*t to miss him to enable Mr Brown to live up to his name?

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