Topic: | Re:Re:Re:Re:Re:Re:Have the Conservatives changed under Cameron? | |
Posted by: | Jonathan Bingham | |
Date/Time: | 07/10/09 10:02:00 |
Sarah, please don't think that buying a house was easy for people in their fifties. Most of my friends did not own a house until their late twenties/early thirties. I remember my astonishment when the first one bought a house, what a weight on the shoulders!. Sharing flats was the norm (and fun). When people did buy a house they often had to rent out a room to pay the mortgage, they also stopped going out for meals for a while. Interest rates were 10% and went up to 19%. The only thing that made it all affordable was the fact that salaries went up so fast that after a few years the mortgage became manageable. As for the rise in house prices, honestly I don't think anyone truly benefits. |