| Comment | Yeah. It pisses me off to, because on the cheaper properties where the avg over valuation seems to be ~20% this effectively raises the required upfront cash minimum to 30%.
For me it's not a case of a better APR. It's a case of not being able to buy my first property at all. It's frustrating to see my much lower-salaried peers be buying their own places because they have access to being able to borrow cash from their families, while I can't afford to buy even properties way below my theoretical mortgage affordability.
It just proves that the idea that social mobility is not a thing, even if you manage to get a reasonably well-paying job. Just because my family is poor means I'm not able to acces properties *I can afford* for several years more than my peers. |
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