The average house price at the start of 1998 was £62,000, and interest rates were 7%, so the interest on an average mortgage with a 25% deposit (hardly that unusual back in those days) would have been just over £60 a week.
Easy to spend £60 a week on food I reckon. I probably used to before I decided it wasn't good value for money and cut back and started cooking more.
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Re: Do you want to see my amusing graph?
Date: 2008-02-02 01:09 pm (UTC)The average house price at the start of 1998 was £62,000, and interest rates were 7%, so the interest on an average mortgage with a 25% deposit (hardly that unusual back in those days) would have been just over £60 a week.
Easy to spend £60 a week on food I reckon. I probably used to before I decided it wasn't good value for money and cut back and started cooking more.