Extra cash fails to lift home sales
KEVIN Rudd’s recent bid to lure first-home buyers into the sluggish property market to buy a reduced price home, has been greeted with caution by young investors.
KEVIN Rudd’s recent bid to lure first-home buyers into the sluggish property market to buy a reduced price home, has been greeted with caution by young investors.
Banks over the last three years have let leading standards slip, in an effort to compete with non conforming lenders [sub-prime lenders]. This has lead to higher defaults and foreclosures and that is no good for anyone involved. But are the extra credit reporting requirements really necessary?