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    Mortgage increasing by £250p/m wiping out savings

    @yearning4yeshua We're getting to the same point via opposite directions. I agree the borrowing landscape has changed completely. Wages have stagnated, home values have exploded, etc. The odds of me being able to buy a home in my lifetime in this situation are substantially lower than the...
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    Mortgage increasing by £250p/m wiping out savings

    @yearning4yeshua Last time we had this level of interest rates was 2008, 15 years ago. It ranged between 5% and 15% from the 1970s to that point. This is all public data, there's not "zero evidence". That is either not the same amount borrowed or the salary is substantially different in those...
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    Mortgage increasing by £250p/m wiping out savings

    @oddexperience Hard to say without a bit more detail budget wise, but if expenses can't go down, can wages go up? Bear in mind current interests are far from high, we just got used to them being ridiculously low. It might be best to start planning for the possibility of them actually getting...
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