Reply to post: Re: speak for yourselft

Yelp minimum wage row shines spotlight on … broke, fired employee

Expectingtheworst

Re: speak for yourselft

You were very lucky as my first house in 1964 was 5.5 x my annual wage. Luckily before my wife became pregnant she was also earning, but it was tight with very few treats and any holidays were B&B.

We did not complain much - then came Harrold W, then Ted Heath !!!

The problem was later when we moved to a new job when mortgage interest rates were 15 - 18%.

We were very relieved when they dropped to 10% ! a few years later.

New house prices may be more, but interest rates are vastly lower.

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