Tim Ward ⭐🇪🇺🔶 #FBPE on Nostr: npub1g0tuf…3tvm4 I got a loan towards the deposit from my grandma (my parents ...
npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 (npub1g0t…tvm4) I got a loan towards the deposit from my grandma (my parents couldn't have afforded it!). In the 1970s. This was perfectly normal then, as was renting out bedrooms contrary to the mortgage contract - the mortgage lenders knew perfectly well that this was endemic but turned a blind eye as the practice increased the chances that their mortgages would actually get paid.
What *has* changed is that mortgages were limited to three times salary, so that's what houses cost.
Published at
2023-12-15 11:03:20Event JSON
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