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Property and Population, page-62

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Steve70

2,796 Posts.

13/06/15

20:32

Post #: 15462420
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Originally posted by Gladiator2 ↑

Of course people only buy what they can afford. But if you have a family of 3 instead of 5 you have more disposable income. Then add another person in that household working and you have even more Money. Then take Into account you only need a 3 bedroom house instead of 5 means even though your paying the same equivalent price for a 5 bedder 10 years ago it doesn't matter because you don't need 5 beds.

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blah blah blah.... Median wage to Median house is around 8x FACT try putting that into a repayment mortgage calculator from the bank. And remember Median is the norm.
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