Re: up to a 20 per cent pay cut overnight... For many, the cost of their current mortgage
>Whereas many people, my kids included, are paying over 50% of their income just to rent a crappy one bedroom flat in a shared house.
In my 20's I paid over 50% of my income in mortgage (council tax, utility bills etc. on top) , it was significantly higher than if I had rented like my friends, however 30 years down the line...