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<blockquote data-quote="ncurd" data-source="post: 1224239" data-attributes="member: 72205">I find it amusing how my personal circumstances are misleading. 217K for a 2 bedroom house. Said house merely 6 years later is worth 269K (house on same streer was only innthe market for 2 weeks). This is supposed to be house for first time buyers not people in their late 30&#039;s to early 40&#039;s and there are no young couples around here.In equal measure just for the generational gap my Dad is only 24 years older than me. By 26 he had 2 kids and owned a large 3 bedroom home. We&#039;re similarly educated (actually went to the same University/Polytechnic) and we both work in engineering (he&#039;s a production engineer whilst I&#039;m software) our spouses both worked similar levels of working class jobs. Infact my mother was able to work part time.Just to also note on this heavy amount of borrowing interest rates make a massive difference on affordability. 6 years ago 2.1% now it&#039;s looks like 4.3% is about average and when I had to reup my fixed rate last year it was closer to 6....</blockquote>

[QUOTE="ncurd, post: 1224239, member: 72205"] I find it amusing how my personal circumstances are misleading. 217K for a 2 bedroom house. Said house merely 6 years later is worth 269K (house on same streer was only innthe market for 2 weeks). This is supposed to be house for first time buyers not people in their late 30's to early 40's and there are no young couples around here. In equal measure just for the generational gap my Dad is only 24 years older than me. By 26 he had 2 kids and owned a large 3 bedroom home. We're similarly educated (actually went to the same University/Polytechnic) and we both work in engineering (he's a production engineer whilst I'm software) our spouses both worked similar levels of working class jobs. Infact my mother was able to work part time. Just to also note on this heavy amount of borrowing interest rates make a massive difference on affordability. 6 years ago 2.1% now it's looks like 4.3% is about average and when I had to reup my fixed rate last year it was closer to 6.... [/QUOTE]

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