Tony Alexander

Economic Commentaries

Weekly Overview 9 March 2017

Thursday March 9th 2017

Many thanks for the messages of support received this past week. But not everyone got the main points of last week’s Overview so we go over them again. In summary….
-It has become harder to buy a house not because of one generation’s buying but numerous factors we have discussed hundreds of times in this publication since 2009 whilst warning about the upward house price implications.
-Young buyers these days need to make deep sacrifices in spending on other things if they want to purchase a house and if such sacrifices cannot be made home ownership could well remain out of reach.
-Getting credit from banks has become harder and further rationing of an increasingly limited supply of funds is coming.

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