Wednesday, November 3, 2010
Consequences of low IR
Again an article on housing is the most commented on. Some interesting personal circumstances in the comments section. Eg. Anne who, when buying a house in the eighties budgeted carefully to manage a rate of 8% found that on completion it had soared to 15%. Interesting stat from FSA that they class mortgages as unaffordable if repayments come to more than 35% of take home pay.