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<blockquote data-quote="MikeJhn" data-source="post: 547692" data-attributes="member: 33738"><p>If they can't afford to rent where are they living?</p><p></p><p>On the news tonight was a comment that "the mortgage rate had soured to over 6.6%" when I took out my first mortgage is was 8.58% and went up to over 16% at one point my repayments where over 75% of my take home pay.</p><p></p><p>This will not be popular, but I know people who say they can not afford to rent and live off the bank of Mum and Dad, but have mobile phone and sky packages, it's a question of priorities.</p></blockquote><p></p>
[QUOTE="MikeJhn, post: 547692, member: 33738"] If they can't afford to rent where are they living? On the news tonight was a comment that "the mortgage rate had soured to over 6.6%" when I took out my first mortgage is was 8.58% and went up to over 16% at one point my repayments where over 75% of my take home pay. This will not be popular, but I know people who say they can not afford to rent and live off the bank of Mum and Dad, but have mobile phone and sky packages, it's a question of priorities. [/QUOTE]
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