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 (386 views)
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1 Comment

1. Chris said...

Easy

Wednesday, November 8, 2006 02:07PM Report Comment
 

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