Do affordable homes become unaffordable the first time they are sold?
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Replying to @bishopmikehill
@bishopmikehill@Wnicholasgomes no, because they get sold under the same conditions as they were originally bought (as far as I understand).1 reply 0 retweets 0 likes -
Replying to @psychibz
@psychibz@Wnicholasgomes So why would you buy one? People buy to invest don't they? Just sayin'...1 reply 0 retweets 0 likes -
Replying to @bishopmikehill
@bishopmikehill@Wnicholasgomes Because not all first time buyers can afford to buy a full price home, but want to get on the ladder.1 reply 0 retweets 0 likes -
Replying to @psychibz
@psychibz@bishopmikehill@Wnicholasgomes Surely, if you don't reap any profit on your investment you are effectively losing money?2 replies 0 retweets 0 likes -
Replying to @bishopmikehill
@bishopmikehill@Wnicholasgomes of course, prices aren't guaranteed to increase so it's a risk, but I'd prefer that then 100% loss renting.1 reply 0 retweets 0 likes
@psychibz @bishopmikehill @Wnicholasgomes. Fair play and point taken.
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