Quote:
Originally Posted by Ambian
Is this really the case? You do hear it very often, but it usually comes across as "blah blah blah those youngins ... blah ... back in my day" and I kind of switch off. I don't really know many people looking to buy a house, so haven't experienced it first hand. Is the issue that people want big flashy houses for the first home? and not a 'foot in the door' type of place? Are people getting heavily into debt before even buying a house? is that part of the problem also?
A bit random I know, but I live a sheltered life  |
Yes I do believe it is an issue. I see it every day, people claiming "mortgage stress" are sitting in their home with all brand new fitout and a new plasma and all the trimmings. Often people are buying these things on credit whilst they are renting and they are stuffing themselves before they even buy a house. So they're getting off on the wrong foot.
