Just been reading that in London if you earn the average salary and have a £25,000 deposit you can buy a £100,000 based on 3X Income multiple for your mortgage.

This means anyone on the average salary fortunate to have £25,000 in savings can only afford a £100,000 place in london.

Slight problem with this is that unless you wish to live in a ghetto or a camp site, 100K will get you very little indeed. The average price of property in London is  £348,585.  Disdain

At that rate it’s going to take me 17.49 years if saving, not that I want to buy a house anyway.. Laugh

2 Responses to “Mad prices”

  • DC UNITED KINGDOM says:

    Try blogger.com

  • Cathy CHINA says:

    Hi: I am an American visiting China for 11 days. I promised all my friends that I would write a blog about my trip from China so they could follow along. Now that I am here, I cannot get into the blog that I started in the US, which is blogspot. I would open another blog at a new site just so that I can blog, but I searched and can’t figure out a blog that will allow me to post about my trip from China. Can you suggest a site that would allow me to post about my vacation?
    Thank you,Cathy Last you can reach me at my email address clast1@cox.net which I am able to access from China.

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我现在在伦敦
I'm no longer in Changchun, but back in London living the daily grind. I'll continue to update this blog from time-to- time with things that interest me
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