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Birmingham Post
Birmingham Post
Business
Peter McGahan, chief executive of Worldwide Financial Planning

Return of the 100 per cent mortgage

Peter McGahan Worldwide Financial Planning United Kingdom

Somehow a home became an investment. Then, it became an economy. I’m not sure how that occurred. They are a depreciating asset from day one.

Take Switzerland, with arguably the richest population in the world. They don’t really buy houses, choosing instead to invest their capital elsewhere. Homeownership is around 45%t. It is 65% in the UK and has been

higher.

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