http://www.totallymoney.com/news/index.php/2009/06/two-million-over-50s-are-saving-for-grandchildren/ The best personal finance news online Mon, 06 Feb 2012 22:57:26 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.totallymoney.com/news/index.php/2009/06/two-million-over-50s-are-saving-for-grandchildren/comment-page-1/#comment-3946 Jerry Fri, 26 Jun 2009 22:18:18 +0000 http://www.totallymoney.com/news/?p=675#comment-3946 This seems to be more the norm these days. Even though we are in a recession property prices are still sky high and are at unrealistice levels if compared to multiples of the average annual salary. No longer is a mortgage paid by a single income household or possibly two incomes within the household. It now takes two incomes plus addtional money from both parents and grandparents to sustain mortgage repayments. When will this madness end? This seems to be more the norm these days. Even though we are in a recession property prices are still sky high and are at unrealistice levels if compared to multiples of the average annual salary. No longer is a mortgage paid by a single income household or possibly two incomes within the household. It now takes two incomes plus addtional money from both parents and grandparents to sustain mortgage repayments. When will this madness end?

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