Overpriced housing is one of Generation Rents biggest hurdles, but could there be a housing crash on the way? Could George Osbourne’s “Help to Buy” scheme be the start of another bubble bursting?
Merryn Somerset Webb explains in this article…
[testimonials backgroundcolor=”” textcolor=””]
[testimonial name=”Merryn Somerset Webb” company=”The Spectator” link=”http://www.spectator.co.uk/features/8915781/osbornes-bubble/” target=””]”Imagine, if you can bear it, that you are a first-time buyer in the UK. You go to look at a 500-square-foot box masquerading as a two-bedroom flat in an average sort of area masquerading as an up-and-coming part of London. It’s a new build — one you can just about imagine downgrading your lifestyle expectations enough to live in. The problem is that you can’t quite afford it.”[/testimonial]
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