>> 2. House prices appear to start at around £300,000 or so. The very best,
>> most unobtainable jobs pay £30,000/year. That's a pretty friggin huge
>> gap.
> 
> Mortgages tend to be amortized over a 15 or 30 year period, at least over 
> here.  Ours is about $1500/month.

£300,000 divided by 30 years = £10,000 per year. So, a third of the 
highest income available. And that's neglecting the fact that they 
presumably charge you 80% APR or so on the loan...

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