Recent content by Old Boy

That was the point I was attempting to make with my comparison of the relative effects of interest rates upon incomes. It is often overlooked that rates influence house prices. A prolonged period of rates at 1980's levels would see a dramatic effect upon prices. No point in asking a price...

16% interest on £20500 mortgage= £3280 6.5% interest on £240000 mortgage= £15600 £3280= 50.4% of 1980 average salary £15600= 40% of 2026 average salary Draw your own conclusions