Saturday, March 9, 2013
‘Second Steppers’ find life grim on the bottom rung after 4 years or so
'Second-steppers' struggle to climb the property ladder thanks to a lack of first time buyers and high deposit demands
Statistically rich article that basically points out that 61% of 'second steppers' can't make it and are stuck in their FTB properties with around 40% having lost all the value of their original deposit on their existing home. Biggest reason for moving 53% was unsurprisingly that their current home was too small for various reasons.