Wednesday, Aug 23, 2006
Blow some more air into the bubble....
Telegraph.co.uk: First steps on the property ladder
Winston Churchill once wryly observed, "Saving is a fine thing. Especially when your parents have done it for you." Antonia and Alexander Faust, sister and brother from East Sheen, Surrey, are unlikely to disagree with that, as their parents, Jane and Andreas, are giving them the not insubstantial sum of £47,000 for the deposit and building works on their first home, a £250,000 two-bedroom flat in White City, west London.
Lucky Antonia and Alexander........
Posted by onyerhike @ 08:26 AM (186 views) Add Comment
1 Comment
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1. Surfgatinho said...
Obviously it is a little worrying that parents are chipping in to their childrens financial suicide. But then again, if these offspring are representitive of many of their generation then they probably haven't managed to save a penny and are bred on debt. So it will be no suprise if they are the first group to default if things get sticky