House Buying Is Cheaper Than Ever Before
There hae been so many changes in the property buying market over the last couple of years – from there not being anywhere near enough properties to buy in the first place, to there being the homes, but not enough finance available. Having said that, today on the bews there was an article about this being the cheapest ever period for mortgage owners. At one time it was considered dangerous for couples to try and exceed having one third of their combined monthly nett incomes going to the mortgage and housing costs. Today the mortgage rate is so low and the associated maintenance costs reflect this also. It is very easy for couples to be earning a lot and only spending less than a quarter of their combined nett assets on the property. Could make for very comfortable living – but humans will be humans and spend as much of their financial surplus on far away holidays and bucket list travel.