Location, Location, Location

[dave50]

Does anyone on here watch this program? What I can't grasp is how a young couple can afford a £500,000 flat in London as shown last night. These kind of prices crop up time and again and I have always wondered how these people do it. I live in the north of England and i could not afford anywhere near these prices so it would be nice to have an opinion from some of you southerners.

[tamborine]

In 2000 new properties were offered with 99% mortgages.

[Svejk]

125% mortgages were popular just before the crash, I believe.

[pixie373]

Maybe so- but what are the repayments like? My friend is always saying she managed to buy her house (with help from her mum) at only £75k when she was 18. When we worked out her mortgage repayments, she has actually paid back over half a million. So far...

[Prudie]

As to Dave's original question, don't forget some young people in London are earning salaries that enable them to buy £500K houses plus a lot of people inherit money/property. A 1930s semi bought by their grandparents for about £3000 in the 60s in the right London suburbs is now worth over a million.

[dance2trance]

I always thought the punters were paid actors? You know scripted? Like TOWIE. Surprised people think it is real. Its fakey wakey surely?