Koala
Registered Shopper
- Joined
- Dec 7, 2014
- Messages
- 870
Problem is that with interest rates being so low for so long some people never looked beyond that.Unfortunately those bank of mum and dad who remortgaged to get them on the property ladder are feeling a bit sick with current interest rates.
When we had our first mortgage (16%] it was beans on toast and never out but now it seems to be expected that you can continue to have a full social life and holidays whilst servicing a very large monthly payment. Different world.
Look at some of the ridiculous house prices over the last few years that’s not sustainable.
Still eat beans on toast now.
Our first big shop when we moved out in rented property was around 16 quid. That over 25 years ago.