Unaffordable housing markets and the next generation

croaking cassandra

Last week I’d been discussing house prices etc with a couple of friends whose kids are a bit older than mine, of an age where they might in years gone by (not that long ago) have been thinking of buying a house.   As one noted, they didn’t know what to advise their kids.  Another talked of the seeming inevitability of parental assistance –  which, in many families, isn’t much of an option.  I know of another friend who decided that parental assistance was probably inevitable, so bought another house himself so that at least his position was hedged –  if house prices went down, so would the needs of his kids, and if they stayed high or rose further, there would be some additional wealth in the inflated value of the additional house.   When this week’s Listener reports yet another poll suggesting housing is the most important issue…

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