[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Martin Lewis [@MartinSLewis](/creator/twitter/MartinSLewis) on x 3.2M followers Created: 2024-12-19 12:52:07 UTC For me, that's a false comparison. In the 1980s a typical house price was around 3x annual salary, now its over 6x (and over 10x in some parts of the country). It is clearly more difficult for first timers to buy, evidenced by the fact the average age of first ownership has risen substantially. What matters most to people is what's changing. If you buy a house on X% interest rate and it rises to X% that's a big hit. Buy at XX% and its stay at XX% and your budgeting works. In the last few months worst of all we've see fixed rate mortgages rise, while fixed rate savings fall. So the margins are getting bigger. XXXXXXXXX engagements  **Related Topics** [fed rate](/topic/fed-rate) [10x](/topic/10x) [Post Link](https://x.com/MartinSLewis/status/1869727413657026939)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Martin Lewis @MartinSLewis on x 3.2M followers
Created: 2024-12-19 12:52:07 UTC
For me, that's a false comparison. In the 1980s a typical house price was around 3x annual salary, now its over 6x (and over 10x in some parts of the country). It is clearly more difficult for first timers to buy, evidenced by the fact the average age of first ownership has risen substantially.
What matters most to people is what's changing. If you buy a house on X% interest rate and it rises to X% that's a big hit. Buy at XX% and its stay at XX% and your budgeting works.
In the last few months worst of all we've see fixed rate mortgages rise, while fixed rate savings fall. So the margins are getting bigger.
XXXXXXXXX engagements
