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Old 23.10.2018, 19:44
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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I was watching a fascinating programme recently about a man from Jamaica who came over in the 1960s with his wife to London.
He took a job as a bus conductor with London Transport. He said that he saved for a shortish period and used the cash to put down as a deposit on a house in Clapham - but he had his own home and could just about pay the mortgage. the property now is worth around 1.25 million

The difference is now that a bus conductor would be lucky if they would be able to rent a flat share in that area - let alone be able to save a deposit and buy a place - FMF is certainly correct about the overpricing of property
I know a number of people who bought London properties in the 60s and 70s but have been forced to move out because the increase in property values has driven up their property insurance to levels their pensions are inadequate to cover

Of course, they can now buy very nice properties outside London but far from their friends and usual haunts!
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