No bank would ever give me a mortgage that high on a single income, and no amount that I can save would ever cover the non-stop increase of property prices year on year.
Don’t buy a median house or move somewhere else then.
Here I often hear of people move to London “for the jobs” complaining they can’t afford a house and they are working retail. Just move, you can get a retail job anywhere.
I earn about the same amount a retail job would pay, I just have WFH. If I lost WFH which I might be then those retail jobs start to look tempting because a commute of 15 mins walking a day is better than 5 hours on trains and ferries.
Honestly it sounds like you’re in Europe somewhere?
I’m in Australia, we have no population to support living outside of the few cities that you cannot afford to live in unless you live hours out of the city via P/T or car.
Wrong. I saved up for a house deposit and bought one a couple of years.
Yeah the median house price is $1M where I am.
No bank would ever give me a mortgage that high on a single income, and no amount that I can save would ever cover the non-stop increase of property prices year on year.
Don’t buy a median house or move somewhere else then.
Here I often hear of people move to London “for the jobs” complaining they can’t afford a house and they are working retail. Just move, you can get a retail job anywhere.
So what live a 3 hour drive from my workplace?
A retail job won’t afford me a bloody house and there’s like 4 cities in the whole country that you might find a job in.
I earn about the same amount a retail job would pay, I just have WFH. If I lost WFH which I might be then those retail jobs start to look tempting because a commute of 15 mins walking a day is better than 5 hours on trains and ferries.
Honestly it sounds like you’re in Europe somewhere?
I’m in Australia, we have no population to support living outside of the few cities that you cannot afford to live in unless you live hours out of the city via P/T or car.