[mrmistoffelees]

Originally Posted by damien c

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.

Which tax are you referring to ? SD ?