Builders: housing market increasingly resembles pyramid scheme | Money

‘Growing gap between homeowners and tenants’

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Amsterdam – Due to the ever rising house prices, the housing market is starting to look more and more like a pyramid scheme. The sector association of home builders warns against this. Also, owner-occupied houses are now reserved for the rich, while lower incomes can only rent. “One’s own house is now a flywheel for inequality,” says Piet Adema, chairman of WoningBuildersNL.