Karl Deeter: Home owner ‘insiders’ adding to the housing crisis

If you were to believe some property commentators, you’d think that first-time buyers are the biggest cohort in the market. But that couldn’t be further from the truth.

First-time buyers may be the biggest group in the ‘purchaser’ market, but the ‘general market’ covers all housing, and by far its biggest group is made up of incumbent owners – the ones who are already there.

Only every second property has a mortgage on ...