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WTF! so renters get shafted no matter what. If house prices are rising they rise to fast to save a deposit / keep pace with salaries. And if they fall rents ris
by somabc 18y ago
WTF! so renters get shafted no matter what. If house prices are rising they rise to fast to save a deposit / keep pace with salaries. And if they fall rents rise again eating into your ability to save. Its even worse with banks requiring 25% deposit for 1st time buyers
eg £180,000 purchase price
deposit £45,000
Average UK salary is less than £30,000 and the average graduate can expect £10-20,000 of debt to pay off first.