On Tuesday 07 Jan 2003 7:09 pm, you wrote:
> Wow!  I looked at UK housing prices in the Guardian.  I'm not going to
> complain about the high cost of real estate anymore!  There was an article
> re: a couple who made 50K pounds/year and they want to purchase a house for
> nearly 170K pounds.  I'm not sure what their downpayment is, but I can't
> imagine mortgaging three-and-a-half times my yearly salary.
>
> I think those of us in the areas of the US that have lower cost-of-living
> rates don't realize how good we have it!
>
> -Kyle
>

I just sold my Dad's house for 201k (valued at 95k 2 years ago when he died),
the market has gone mad!!! Just a normal 3 bed semi-detached in a rural
position.

Most couples get over 90% mortgages and lenders are now offering 4.5 times
salary (25 years repayment) - that is a millstone. I'm not sure what UK
average salary is - I should think 20-25k - first time buyers have a real
problem.

Cheers

Deri