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Podcast: The Mike Hosking Breakfast
Episode: Mike Hosking: First time home buyers need a leg up
Description: One of the great myths of the modern economy is the idea that young people can't afford a house. Now, the facts are that for every house sold, about a quarter of them, sometimes a little bit more, about 27% are in fact first-timers. That figure has been remarkably solid over any number of years in any type of market. Can it be expensive? Yes. Do some people miss out? Yes. Are some areas better or worse than others? Yes. But in a world where the negative sells, if you can convince people that the...