When George Soros Broke the British Pound (2014)

Re:When George Soros Broke the British Pound (2014) by timthorn on Tuesday November 05, 2019 @06:20PM (#21457927)

Typical mortgage duration was and is ~25 years. The scenario in the 80s that gave homeowners relief was that the costs got inflated away (and MIRAS allowed the interest on a mortgage to be deducted from taxation)

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Re:When George Soros Broke the British Pound (2014) by onion2k on Wednesday November 06, 2019 @04:21AM (#21460912)

Typical mortgage duration was and is ~25 years.

The number of 35 year mortgages has risen from 2.7% in 2006 to 15.75% now - https://www.theguardian.com/money/2017/jul/29/goodbye-25-yea... - and 40 year mortgages are becoming more common.

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Re:When George Soros Broke the British Pound (2014) by hydraxis on Wednesday November 06, 2019 @03:08AM (#21460593)

I don't have this information for the UK, but for France parent is right. Mortgage duration for a typical income and a typical house in the 70s was 10 years, compared to 25 years today.

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