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.