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Re: Of course young people can afford a home — just move somewhere cheaper, says Kirs
From the end of the Times article.
Quote:
A first-time buyer who gave up a Starbucks latte every weekday, an ordinary Netflix subscription, gym membership, and two return flights to Europe a year on easyJet would save about £1,600 a year. However, if they moved into their parents’ house and did not pay rent, they could save on average £7,000 a year.
The average deposit for a first-time buyer is £59,000, according to Halifax. To save that, you would need to forgo your Starbucks latte, Netflix subscription, gym membership and easyJet flights for 37 years.
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