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The figures were done with for a 100% mortgage. On reflection that makes for a better comparison as a 10% deposit would be much larger relative to the median wage in 2010 than in 1984. I'd agree that having a lot of equity in a property makes it easier to move into more exclusive areas. The...

Whenever there's a Generation Y complaining that it's really hard to buy a house, the standard response is "it was always difficult". No, it is harder now. I picked 1984 because I misread BayView's date that he bought his first house. The figures below were pulled from various sources...