Bricks and torture for a second generation
Lending restrictions, rising rental prices and changes in bank regulations are sowing the seeds for another generation mired in negative equity
In a recent column, I highlighted the issue of how the Central Bank operates its mortgage lending restrictions, and subsequent headaches this could cause. The restrictions alone are only part of the problem. There are other aspects at play which mean that any price rises will not accrue to new homeowners the way they did in the past.
It will mean that the well-off will do just fine – as they are prone to do...
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