Economists from some of our biggest banks are warning about the “grim” outlook for homebuyers amid rising prices and urging policymakers to step in.that he was seeing “worrying” signs that households were stretching their finances to chase increasingly expensive homes.
But a new report by Oxford Economics’ Tony Stillo and Michael Davenport looks beyond the current trend to years, decades in the future and finds that in the long run we might not have that much to worry about. So how does this magic work? Not through a clampdown on speculation or tighter policy, but demographics.
Source: News Formal (newsformal.com)
Super helpful when you're being outbid by $100k on small bungalows! Just wait a decade, you'll be fine!
So those who want to buy a house now should wait until 2030 for stability to come in? No wonder people joke about so called economists!