[Arkadiyas]

Not a problem, I went through something similar a few months back with my girlfriend's younger sister so that we could bring her head back out of the clouds that her and her boyfriend (combined salary of £40,000) were going to buy a £200,000 flat with a £180,000 mortgage they had been offered. Their expected salary growth is about inflation + 1%, so it was a ridiculous proposition. As an actuary, I'm quite risk averse (with the advice I give to other people at least), and things must make future financial sense. We live very much in a "have it now" society.

I also think that our parents' generation (my Mum is 47, I'm 28) don't fully comprehend relative market positions between their purchasing point and ours. They have experienced the excessively high mortgage and inflation rates of the 80s that we don't understand (yet) but, for example, my Mum paid £11,000 (1x salary) for a house now valued at around £100,000. She wants to move but also work part time and retire at 55 when she'll move to Mallorca where she has a flat. She's fully paid up on the house and flat, so I told her to just sit it out or come and live with me in our little annexe!