Quote:
Originally Posted by Paul
I would think most young people are unlikely to even afford a house these days, nevermind solar stuff.
|
With the way Solar is going, they will be more able to build a house from solar panels than buy or rent a house.
Average salary iirc needed for a single person to buy a house under the age of 40 is £75K a year, after 40 iirc it increases by $10K every 5 years.
That £75K is to allow for putting £10K away for 4 years to be able to put down a £48K deposit as houses are going up and up in price.
If you don't need to save a deposit, perhaps you have already been saving then you "only" need to be earning £56K a year, far beyond what is possible for most people, even renting is going to require more than £30k a year soon!
Where I live, 6 years ago houses were £130K they are now £200K+ on average and only increasing, which is a bonus for those who will be able to pay the tax that thieving reeves will demand, but for those that can't they will lose the house and any money from it, as the government will just take it because you fail to pay your "fair share" and the fines, interest etc will be made to take the full value.
__________________

7900X3D, 64Gb Corsair 6000Mhz, Gigabyte Aorus RTX 4080 Super, Samsung 980 Pro 2Tb NVME
Unraid Server, 130TB Supermicro CSE-846, AMD Epyc 7551P 32 Core, 64Gb ECC DDR4, nVidia RTX A2000