C
CFoster
New Member
Get your kids on the property ladder by the age of 29 or your children might NEVER be able to buy a property of their own ?
What's everybody's opinions .
What's everybody's opinions .
T
totallyproperty
Administrator
Staff member
Unfortunately it is coming to a situation in the UK where unless your children have an interest in property in their 20s they may struggle to climb aboard the property ladder in years to come.
The property market at the moment is somewhat detached from the employment market and with household incomes under pressure it is not difficult to see why there is renewed interest in rental properties. However, the more people who rent properties the more properties are bought for buy to let which pushes prices higher, and fewer and fewer people can afford to buy their own home.
Is this something of a vicious circle?
The property market at the moment is somewhat detached from the employment market and with household incomes under pressure it is not difficult to see why there is renewed interest in rental properties. However, the more people who rent properties the more properties are bought for buy to let which pushes prices higher, and fewer and fewer people can afford to buy their own home.
Is this something of a vicious circle?
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