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A comment on Just Be Rich. Parent comment

Re:Just Be Rich by nly on Tuesday April 13, 2021 @11:54AM (#26794082)
Median house prices in the UK are 8x median incomes. Banks will lend you something like 4-5x income on a mortgage.

Low interest rates aren't helping most people, they're hurting by pushing up house prices. Only those with significant capital for a deposit benefit.

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Re:Just Be Rich by chrisseaton on Tuesday April 13, 2021 @11:58AM (#26794169)
> Median house prices in the UK are 8x median incomes. Banks will lend you something like 4-5x income on a mortgage.

Most people buy as a couple, so this is achievable.

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Re:Just Be Rich by nly on Thursday April 15, 2021 @04:15AM (#26817540)
Until 1 parent stops working (entirely or goes part time) to help raise the kids
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Re:Just Be Rich by rory on Wednesday April 14, 2021 @12:28PM (#26809339)
Yes, sorry, I was referring to the USA specifically. The real estate speculation problem is a lot worse in other Anglosphere countries (UK, Canada, Australia). Outside California, US prices are still somewhat reasonable compared to incomes.
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