No country for young buyers
Our latest property myth says crowds of young people are looking to buy homes - but the facts don't back that up, writes David McWilliams.
The frenzy has started again. Six years after a property boom practically destroyed our economy, we are at the same nonsense again. When are we ever going to learn that buying and selling over-priced houses to each other is not going to make us rich, but will make us poor?
At the moment, there is no credit in the system and no leverage, but this won't last. Credit will find its way back into the...
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