Quote:
Originally Posted by Barnet Flame
Well I'm not living in Bishop's Avenue myself, but I can see beyond the limited level of influence an individual has on the market.
The banks don't have a limited level of influence - they're lending policies have greatly influenced the property market. Here in the UK, the standard policy used to be that you could borrow up to 3x the main wage earner's salary plus 1x a partner's salary.
Had that policy been maintained you would not have had such a ridiculous overheated housing market.
And for the others that say - rent, I'd agree with that - if the rental sector was economic and didn't mean you had to live in a cesspit if you wanted affordability which is the case here.
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I was never under the belief I could afford to live in London, and that was when I was living there, none of my friends live there, Slough or Amazingstoke is as close as they could get.