Good one Midnight
Just for interest and to add to the discussion, when I sold my house in England in 1982 and put the proceeds in the Bank in Canada I was getting 15/12 % interest on the deposit . In the next 18 mths mortgages reached as high as 20%. By the score people were walking away from their homes , unable to afford the increased payments.
Inflation was finally brought under control but house prices on the island did not recover substantially for over 10 years !! Wages also fell way behind , with for a long time zero increases and even reduced salaries.
Our memories tend to be short but it is only comparatively recently that we are experiencing more jobs than workers ( thank goodness ) and houses are rocketing up in price .
Hopefully our economists will continue to fine tune the economy to keep things stable and we will not return to the boom and bust scenario of a couple of decades ago.
I suppopse the best advise is not to reach too high !
Again good luck in making your choice , may the gods be with you ..........
...........................Dave.