Conclusions of real estate market
Real estate taxes have gone up significantly; so much so that it is having an impact on housing purchases. Yahoo! carried a story about 2 weeks ago, stating that many new homebuyers were thinking twice before buying new homes because of increased property taxes. Almost everyone now thinks that real estate is a good investment and prices will just keep going up.
The average person has no idea or real understanding of how interest rates affect the real estate market or how illiquid the market can be once prices start to plunge. These people are basing 90% of their decisions on faulty information and illusions that real estate prices are only going to go up in the future.
Retired folks who have actually managed to pay off their homes fully, or are close to paying them off, are now being tricked into taking money out of their homes. People who can barely meet their monthly payment obligations are being enticed into buying new homes.
There are even programs that will help individuals with the down payment. When you target the groups in both extremes of the spectrum, it is usually indicative of a long-term top. When the real estate market crashes, it will not be a pleasant sight; all you have to do is look to Argentina for a real life example.
Real estate taxes have gone up significantly; so much so that it is having an impact on housing purchases. Yahoo! carried a story about 2 weeks ago, stating that many new homebuyers were thinking twice before buying new homes because of increased property taxes. Almost everyone now thinks that real estate is a good investment and prices will just keep going up.
The average person has no idea or real understanding of how interest rates affect the real estate market or how illiquid the market can be once prices start to plunge. These people are basing 90% of their decisions on faulty information and illusions that real estate prices are only going to go up in the future.
Retired folks who have actually managed to pay off their homes fully, or are close to paying them off, are now being tricked into taking money out of their homes. People who can barely meet their monthly payment obligations are being enticed into buying new homes.
There are even programs that will help individuals with the down payment. When you target the groups in both extremes of the spectrum, it is usually indicative of a long-term top. When the real estate market crashes, it will not be a pleasant sight; all you have to do is look to Argentina for a real life example.
Vastaukset 1
Vanhimmat
Hiukkasen eroja USA:an on: Suomessa omistusasuminen on valtiovallan erityissuojeluksessa. Jopa korkoja saa vähentää verotuksessa ja tiukan paikan tullen sossu maksaa lainan korkoja. Vuokralla taas pitää olla köyhä tai asua jonkun asunnoilla pelaavan sijoittajan kämpässä.
>how illiquid the market can be once prices start
>to plunge.
Onko esim. vuonna 89 ostettua asuntoa nyt vaikea myydä? Harva muuttaa parin vuoden välein omistusasunnosta toiseen.
>illusions that real estate prices are only going
>to go up in the future.
Ei tarvi kuin pysyä reaalisesti nykyhinnoissa vaikka seuraavat 20 vuotta. Silti säästää verrattuna vuokralla asumiseen.
>Retired folks who have actually managed to pay
>off their homes fully, or are close to paying
>them off, are now being tricked into taking
>money out of their homes.
Onhan täällä Hypon käänteinen asuntolaina, mutta ei taida olla kovin kovassa suosiossa...
>When the real estate market crashes, it will not
>be a pleasant sight; all you have to do is look
>to Argentina for a real life example.
Meillä ei tarvi hakea esimerkkejä noin kaukaa, omakin lama on muistissa.