Z
z106
Guest
Rubbish - ofcourse it's relevant. How else is afforability in its purest form to be measured?
Ok - I know i'm going off topic but i have to respond to teh above.
The point I am making is some people look at the average incomes of a country and compare it to the price of a property they are considering to buy.
They then conclude the multiple is too high.
WHat I am saying is if you were to buy a house worth 500k and compare that to the average income of 35k a person may well decide to back out of the purchase.
However you will not be selling that house onto the guy who is on teh average wage - you will be selling that onto a guy who is in teh higher earning bracket.
So my point is - I wouldn't let the average earnings put me me off buying a property.