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garinda · 10-03-2005, 11:45

Whilst admitedly it's a tempting enough offer to borrow as much as you can get, it is still a risk. The Economy has always been a Boom and Bust rollercoaster ride, even with more power in the hands of the Bank of England.

The national average wage for last year was reported to be 21k.
4x £21,000= £84,000
This is enough to buy a garage in the south east, and badly limits your choices in Hyndburn now, after the massive price increases in the last two years.

l'm lucky, l sold my dingy London shoe box,[bought in the early 90's slump,] eight years later for a 400% profit, before moving back North. l feel sorry for anyone trying to buy for the first time here, were the average wage is certainly not 21k.

10-03-2005, 11:45	#14
garinda Give, give, give member Join Date: Feb 2005 Location: Overlookin' ducks & geese Posts: 32,411 Blog Entries: 293 Liked: 27 times Rep Power: 16469	Re: Renting Property in Accrington Whilst admitedly it's a tempting enough offer to borrow as much as you can get, it is still a risk. The Economy has always been a Boom and Bust rollercoaster ride, even with more power in the hands of the Bank of England. The national average wage for last year was reported to be 21k. 4x £21,000= £84,000 This is enough to buy a garage in the south east, and badly limits your choices in Hyndburn now, after the massive price increases in the last two years. l'm lucky, l sold my dingy London shoe box,[bought in the early 90's slump,] eight years later for a 400% profit, before moving back North. l feel sorry for anyone trying to buy for the first time here, were the average wage is certainly not 21k. __________________ 'If you're going to be a Kant, be the very best Kant there is my son.' Johann Georg Kant, father of Immanuel Kant, philosopher.