0
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House of cards

posted April 7, 2007 - 1:33pm
House of cards

"The average age of first-time buyers is now 34. They have to accumulate larger deposits and spend more of their earnings on crippling mortgage debts. They are taking significantly higher financial risks than any previous generation. High house prices transfer wealth from the young to the old and from the poor to the rich."


Website: http://commentisfree.guardian.co.uk/rob_williams/2...
Author: gobi13x
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