Saturday, December 17, 2011

Stuck on the shelf

Second home affordability declines

Homeowners hoping to take their place on the second step of the property ladder face a "very tough challenge" as home affordability for so-called second-steppers is at its least favourable level for over 25 years.

Posted by dill @ 08:02 AM (2741 views)
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3 thoughts on “Stuck on the shelf

  • “They own land! Give them money so that they can buy more!”

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  • Well, they will have to do what we did. Work hard, pay down the negative equity and then rent a better house in a nicer area.

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  • Btw A message to any MSM that might read this:

    If you can’t climb a ladder – what do you think may be wrong with it? Wise up.

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