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swarnie_ | karma 383 | avg karma 0.54 · 2018-07-05 13:22:57+00:00

I can relate.... I'm just a little further away in Buckinghamshire but the local train can get you to zone 1 in under 30 minutes.

4 x my salary would get me a 2 bed flat if i didn't mind living in a ghetto.

reply

whatshisface | karma 28019 | avg karma 3.6 · 2018-07-05 15:18:13+00:00

If you had 4x your salary, wouldn't you be spending a lot on keeping up your house, and paying a lot of taxes for local amenities like schools? I don't understand how an area that affluent could be a ghetto.

maccard | karma 10305 | avg karma 2.29 · 2018-07-05 16:42:05+00:00

I think he's saying that if he borrowed 4x his salary for a mortgage (which is the commonly cited figure as the max you can borrow), he could only afford a ghetto.

swarnie_ | karma 383 | avg karma 0.54 · 2018-07-06 02:51:16

Pretty much this yes.

walshemj | karma 4980 | avg karma 0.65 · 2018-07-05 19:27:08+00:00

No property taxes are very low in the UK some one in a 10M house in London pays less than an upper middle class person does in some US states

laurencerowe | karma 2194 | avg karma 2.24 · 2018-07-06 00:44:16+00:00

And tenants are anyway liable for paying Council Tax, the property tax equivalent.

walshemj | karma 4980 | avg karma 0.65 · 2018-07-06 15:08:56

And in which country is that not so? the landlord just in creases the rent to cover his expenses.