Ep 20: Why Are Teachers STILL Striking?
Teach Sleep Repeat
00:00
The Worst Case Scenario for Mortgages in 1979
This is based on one single man's income, right? Of the average salary was about £5,700. If that continued every month, you'd be paying 40% of the man's salary towards it. But back then, fixed mortgages were way more rare. So actually that hit would just have been for two months. It's not like you where you've got to fix now for two years at this high rate,. For 24 months. This would be a lot of people on the variable rate. They'd hit it for two months and kind of ride it. That's what I'm about to get. Back in 1979, right? The average house price was 18.5k
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