Wednesday, Jan 17, 2007
Future is bright for FTBs
Firstrung: Firstrung - the recent interest rate rises will not hinder first time buyers
"The common misconception is that a rate rise will prevent first time buyers getting onto the much fabled 'first-rung', the irony is that low interest rates and the volume of ready available cheap credit has caused prices to rise out of the reach of first time buyers. This recent rise in rates will surely help to achieve the stage where house prices can finally stop accelerating out of the reach of the many".
Posted by converted lurker @ 01:01 PM (128 views) Add Comment
3 Comments
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1. David20040_0 said...
Prices not only need to stop rising they need to drop for most FTBs.
2. enuii said...
Another vested interest article.
3. converted lurker said...
enuii said...
Another vested interest article
Why so? genuinely interested in your feedback