Emailed in by David H, from yesterday's Evening Standard:
Has anyone really looked at house prices and run any decent comparisons?
In the Standard yesterday there was an advert for one/two bedroom flats in Eltham starting at £300,000. On traditional metrics of 3.5 times salary, a couple would have to earn a combined £85,000 a year to afford one.
In most circumstances you would have to say they were well off, yet they could only afford a one-bed in Eltham. Bizarre.
Jason Merritt.
Debate Magazine
