RE: Affordable House2 Jan 2025 14:58
Risey, I disagree - it was easy to get into the property market until the mid 1980s. I bought my first house, 3 bedrooms with a garage at age 22 with a mortgage at 2.75x salary and tiny deposit.
The two biggest changes over the last 40 or so years , that have made it harder are the multiples that lenders use , i.e considering both salaries and using 4x and the increased demand caused by mass immigration. The government are to blame for both imv.