Good point, in The Netherlands they increased the amount of money you can borrow when buying a house from 100% to 102% of the property value so people had a better shot at buying a house. Later research showed basically the only parting benefiting from this were the banks, the biggest losers were the people that bought their first house because they had to compete with others who all had 2% (of the property value) more to offer.
Good point, in The Netherlands they increased the amount of money you can borrow when buying a house from 100% to 102% of the property value so people had a better shot at buying a house. Later research showed basically the only parting benefiting from this were the banks, the biggest losers were the people that bought their first house because they had to compete with others who all had 2% (of the property value) more to offer.