Tuesday, Sep 05, 2006

FTB dreamers need dose of reality

Firstrung: Unrealistic first time buyers need lessons in basic maths

With the natural optimism of youth three quarters (73%) of teenagers say that owning a property is part of their life plan but only 21% acknowledge the fact that it will be a financial burden. Just 8% of teenagers worry that they might never be able to own a home - despite the well documented hurdles facing first time buyers.

Posted by converted lurker @ 10:12 AM (490 views)
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2 Comments

1. Redwing said...

You know these teenagers might have more savvy than you'd give them credit for.

They are, say, 15 years old, and are planning on buying between 23 and 27. if you believe the bears on here (me incl.) that will be fantastically good timing. In 8 -12 years time it might all look very different.

Tuesday, September 5, 2006 10:12PM Report Comment
 

2. redwing said...

You know these teenagers might have more savvy than you'd give them credit for.

They are, say, 15 years old, and are planning on buying between 23 and 27. if you believe the bears on here (me incl.) that will be fantastically good timing. In 8 -12 years time it might all look very different.

Tuesday, September 5, 2006 10:13PM Report Comment
 

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