To think there is not a chance the average family only spends £67.30 a week on housing, is "only" £55,795 in debt and...

[Roseflower]

this debt includes mortages. Yet the average house price is apparenty £241,279 so it makes little sense.

And £67.30 a week ? Really? People actually can cover there entire rent/mortage, council tax on so on on this amount?

The statics are from this article here www.bbc.co.uk/news/magazine-15197860

AIBU to think these figures simply dont work?

Either that or we have gone seriously wrong somewhere and I wish our figures were so low...

I loathe the widespread use of mean averages when describing average national income, average national debt etc. A modal average would be a fair more representative statistic.

i pay £595 pcm rent and £130 council tax!

I want to WEEP reading this.

mortgage=£400 per week
previous rent=250 per week

Senseofentitlement - we live in an area with similar prices to yours. We bought our house jsut over 8 years ago for £48K. We had a 25% deposit and took out a mortgage over 18 years. Our payments have averaged about £250 pm (repayment) and we've overpaid lumps sums of 10% a year over the past 3 years and got the debt down to what will be about 7.5 years, now. Our house is worth about 65K, now - houses in the area, mostly 2-3 bedroomed are renting out for about £400-500pm.

Definitely worth owning if you can raise a good deposit.

Those lump sums are 10% of outstanding debt, by the way.

We are very very skint atm, and housing benefit doesn't cover mortgages, even if you could save/get hold of the deposit. It is my priority as soon as we get out of this rut though. I just want some security. I would rent forever if we weren't treated as second class citizens.

right now, mortgage is paid off, so cost per week = £0. as soon as house is sold, back up to £300-400 per week.

Well I'm in a HA house and my rent is £98 a week, and I'm in the North! Me thinks they are talking out of their arses.