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2024-11-20 20:37:36
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Anthony Stevens πŸ‡ͺπŸ‡Ί πŸ‡―πŸ‡² πŸ’™ on Nostr: nprofile1q…e5dy3 3/ In the 80s, the average cost of a #UK house was 3 times the UK ...



3/ In the 80s, the average cost of a #UK house was 3 times the UK average wage.

Today, the average cost of a UK house is TEN TIMES the average wage, meaning less people can afford to borrow to buy. Even then, there are more buyers than sellers, so house prices just keep rising & rising, with property speculators making a killing.

Venture capital companies are building towerblocks of apartments for investors to rent out, & this is keeping rents artificially sky high. πŸ™πŸΎ

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