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clock Created with Sketch. 06/03/19
13:54
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Originally posted by eagle888:
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Yes, times have changed but you cannot escape the reality that today many are priced out of the home market including modest older homes. Land prices are through the roof and in many cases cost much more than the construction of a home and without a couple both working its nigh impossible to afford a home unless one is the smaller percentage of very high income earners. My parents first home was a small very old terrace house built in the late 1800’s. Its all they could afford. That home is still standing but the current price tag is about a million dollars.
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perhaps, if those renters keep their jobs should property price falls badly affect the wider economy. If there is a serious fall and wider economic impact it will be the rich who hoover up all the bargains.
