Saturday, March 3, 2007

many parents would solve the problem by “downsizing

First time buyers forced to stay at parental home as numbers reach lowest figure since records began

One in four parents with young families expects their children to be in their 30s before they can afford to buy their own home, says a survey. They fear rising house prices will leave their children unable to get a foot on the property ladder any earlier. With the average house price topping £200,000, one in seven parents with a child under ten are so concerned about the situation that they have started a "home fund" to help their offspring later in life.

Posted by converted lurker @ 02:30 PM (457 views)
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2 thoughts on “many parents would solve the problem by “downsizing

  • This isn’t really surprising this is just economic reality now.

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  • A prediction 20 years from now, Britain one of the poorest countries in Europe, finacially crippled by years of unsustainable borrowing by both its citizens and by succesive governments, once major banks have been taken over by foreign rivals, the IMF has said we have one last chance to sort things out, most public services long gone ( the PFI scandal) 7 million unemployed, a small group of financiers and politicians hold the reins of power, a restless and frustrated younger generation who have been deprived of all hope, the only bright spot, manufacturing is returning from asia as its cheaper to do it here these days. Fanciful? I can see the writing on the wall.

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