Wednesday, August 24, 2011
35 plus 25 year repayment mortage = retirement age
"The average age of a first time buyer has been increasing steadily since the 1960s and new research from Post Office Mortgages has revealed that 35 is the average age that a prospective homebuyer now expects to be before joining the property ladder. The research tracked the average age of first time buyers since 1960, finding that those who bought their first home in the early 1960s were on average just 23 years old â€“ significantly lower than todayâ€™s expected average age of 35. Women who do not yet own a property are slightly more optimistic than men, expecting to buy a home at 34, compared to the male expected average of 37 years old." Yup, that's fifteen years as a rent slave and then twenty five as a mortgage slave, then you can site on your high horse and berate young people.