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Re: credit cards
I am not suprised how much people get into debt with credit cards, just look at the wages being offered in many jobs these days. How can a couple in a relationship that are both working on call centre type salaries afford to buy a house?
I am just looking at it from the angle of obtaining a mortgage, I dont know what the criteria is these days if it's still 3x the first salary and 1x the second.
But a couple working in a call centre earning £13K each would only get a mortgage for £52K. A 2 bedroom terrace house in my street (Welsh valley town) with no front garden or rear access has just sold for approx £80K and houses are cheap here compared to some areas.
I have to work in England because wages are so poor in Wales, I would be lucky to find a decent job in Wales and then it would probably be half what I am earning now. I just can't see how young people can get their feet on the housing ladder without getting themselves into some very serious long term heartache and debt.
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