>> I visited the bank a while back (i.e., before the entire financial 
>> sector went into meltdown), and the guy there seemed to think that I 
>> could maybe afford a £90,000 morgage. Assuming I don't eat or use any 
>> heating. (In other words, on paper it would work, but it would be 
>> absurdly tight.)
> 
> Hmm, banks don't usually allow you to borrow that much that would make 
> life that hard.  Usually it's capped to about 4x your annual salary to 
> avoid exactly that problem.

Which, presumably, is why I left the room without a morgage. The guy did 
a few calculations with a pocket calculator and suggested that it 
probably wasn't worth the bother of running the numbers through the 
computer.

>> ...so 70% of my income then?
> 
> Yep, that's what happens if you want to get on the property ladder when 
> you're not earning much as a single person.  That 300 you have left over 
> basically then has to cover your utility bills and food.  Running a car? 
> Forget it.

My job kind of requires a car, so...

>> Well, currently my bank balance is going down rather than up, because 
>> most months I spent a few hundred more than I actually earn. Saving up 
>> sounds pretty hard to me.
> 
> How the hell do you manage to spend over 1000 pounds per month if you 
> are living with your mum?

If I could answer that, I'd be a very rich man.

...or, at least, a slightly richer man, anyway.

> Even if you rented somewhere small by yourself and had to run a car you 
> should be able to save some per month.  If you *really* want to save up 
> for a house you need to sacrifice some stuff.

...or get a job that pays actual money?

-- 
http://blog.orphi.me.uk/
http://www.zazzle.com/MathematicalOrchid*

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