Tuesday, August 30, 2011

Generational Housing Lockout

News reports today of housing ownership heading to a 30 year low. That is something that is really sad, it represents the affordability of housing together with the difficulty of obtaining loans.

So calls for taxing the "investment" of buy to let, that is many years too late but still an idea. Also increased home building and reduced planning restrictions - the equivalent of printing money in this currency.

Another report I read was that at least people who could secure the finance a few years ago are trying to keep up payments when in arrears - so there may be no mass repossessions that were seen in the early 1990s.

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