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<blockquote data-quote="binky" data-source="post: 480800" data-attributes="member: 490"><p> Because they don't stand a chance on a house, they buy nice cars instead. As for 30 year mortgages, that's not to help, it's to make an unaffordable house just affordable.... If you think about compound interest over 30 years on say £150k they will be paying far more money back than we ever did. Low interest rates also make property more affordable, but god help the youngsters if interest rates rise :Hitsthefan:</p></blockquote><p></p>
[QUOTE="binky, post: 480800, member: 490"] Because they don't stand a chance on a house, they buy nice cars instead. As for 30 year mortgages, that's not to help, it's to make an unaffordable house just affordable.... If you think about compound interest over 30 years on say £150k they will be paying far more money back than we ever did. Low interest rates also make property more affordable, but god help the youngsters if interest rates rise :Hitsthefan: [/QUOTE]
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