I live in the East Midlands in the UK. You can grab a reasonable first house here for less than £150k quite easily. So you'll need a 5% deposit, £7,500 for one of those. One person on an average salary for the area would be able to afford a mortgage for a house like this on their own. But Nick has a girlfriend, who can hopefully work, so should be able to afford it easily. But half of people earn less than the mean s…
That's incorrect. Half of people earn less than the median salary. Depending on where you live, it could be that a lot more than half earn less than the mean salary.