Tony Alexander: Fear of over-paying the new concern for house buyers

Author
Newstalk ZB,
Publish Date
Sat, 1 May 2021, 5:17PM
(Photo / Getty)
(Photo / Getty)

Tony Alexander: Fear of over-paying the new concern for house buyers

Author
Newstalk ZB,
Publish Date
Sat, 1 May 2021, 5:17PM

Forget about fear of missing out on a new house - that fear is starting to be replaced by the fear of over-paying for one, economists are saying.

The concept of FOMO, or fear of missing out, as a market driver had become a familiar one over recent months as properties were snapped up and prices soared.

Tony Alexander joined The Weekend Collective to talk about the fears home buyers are facing.

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