Average UK Salary: £27,531
Average UK House Price: £214,000
Maximum mortgage salary multiple: 4.5x = £123,889
Difference: £90,111
Even if you live on fuck all (no clothing, food, shelter), it will take 4 years on a monthly net wage of £1,824 (assuming no pension contributions or student loan) to save the £90K difference. Even then you'll still probably be denied a mortgage.
Unless you get some money from mummy and daddy you're renting for life or living in a shoe box.
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orrrrrrrr u dont live in zone1 in london
>he is just figuring this out now
That's why wagecucking at anything less than 100k/year is just not worth it.
+ inflation eating away your wages over these 4 years while property is most likelly going up
You have to hustle to get ahead in life
Thanks for your service goy!
I know m8, moving to Newcastle
People moan about how saving for a deposit is difficult. They're in for a shock when they save their 10% deposit and then realise their salary is nowhere near enough to get anything other than a studio flat
Don't even get me started on London - the ultimate rat race
Hooray! My wages are 20% more than yours but my living expenses are 50% higher
>he's only just figured it out
Life is hard, being stupid makes it harder.
>Average salary
>average price
Use median, ya doofus. The data is skewed.
Just become a refugee. You'll get a lot of that shot for free.
Better yet, use both
(Or, separate into bottom 10%, middle 80%, and top 10%)
Wow you might have to save up for a few years for a down payment on a home in one of the most reliable and safe real estate markets on the planet?
Colo(u)r me shocked
>tfw your parents love you enough to allow you to still commute from home while you manage to save 70% of your salary.
Does this make you mad, normie?
Perhaps in your next life you could get better parents.
Try earning 16k per year like me, now that's true wageslaving.
The system is set up to encourage you to marry for the purchasing power of two incomes. You are supposed to wageslave to buy a house with some kunt and then when she has your(?) babies you will be forever stuck wageslaving for life, until you get the inevitable divorce and have to pay the lawyer and the vaginaljew you married for life. Welcome to the world.
Simple solution: Turn to a bro (you should have several if you're not a social retard) and become hetero-life mates.
>Have 20k in savings
>25 years old
>Starting a degree in actuarial science this year
I'm taking the first opportunity I have to work anywhere that isn't the UK
The UK has fucked an entire generation of young people and it won't change because we have no voting power
This guy knows. Move to a different country before you get cucked for life.
And what country are you referring to? Pretty much the whole western world is fucked like that.
I suppose you could move to Thailand or something...
>Implying you get 100% Loan-To-Value on a mortgage anyway
>The system is fucking rigged
Of course it is. What the fuck did you think?
Czech republic is cheap, comfy and a 1 hour flight. Most of Europe is less than half the price of London, nevermind Asia.
Feels good being a buy-to-let "parasite" lol
Don't have to worry about any of this.
i live in the arse end of nowhere druid country
the smallest 1 bed house starts at 150k
a family home is 300-500k
the only new houses they build are 4 bed 400k asking
my fathers old cottage was 40k in the 80s, its now 240k
the market has started to waiver in recent month, this is going to crash hard within the next 2 years and get blamed on brexit
>Delicious britbongs tears
t. EU citizen
You should be able to find something out on the boondocks.
In the city, there's plenty of small flats available
You mean t. fritz Cuck
The housing market will crash in London making it more affordable for our generation. This is great news.