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80% of under 30s need help to buy a home

>Chris wrote... >I bought my first home when I was 27 - almost 40 >years ago. It was so difficult to raise the >deposit that I could not even afford a bed >(bought one second hand), nor a mower to cut the >lawn when I moved in. >Perhaps there is an issue with expectations here >as well? Indeed there is! What multiple of the average income did you have to pay for that house? Would you now be prepared to sell for the same multiple of today's average income? Or would you perhaps be prepared to sell it to me for the original sale price adjusted for inflation? No, I thought not. Both those figures are way below your irrational expectations.

2 Mar 2010

5:09 pm