Quote:
Originally Posted by garinda
lf interest rates went up to 15% which they did in the early 90's, you'd be on the street if you'd have borrowed x4 your salary.
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It is highly unlikely that interest rates would go that high again. Do you remember that one of the first things the government did when they came into power was to hand over control to the Bank of England?
4x salary is quite normal nowadays, and as I said earlier, you can get more than that from some companies.
Anyway, show me someone who finds their dream house, but to get it they need 4x their salary. Are they going to say "no, I couldn't possibly because it's 4x my salary"?
I think not.
How about "show me the money!"