Who doesn't dream of their own apartment? Only the one who already has it! I think today many will say that real estate prices will skyrocket in the near future. I propose to evaluate everything with a sober look. I would like to give several reasons in favor of the fact that new buildings will soon become significantly cheaper.
Why did I come to this conclusion and what factors indicate this? I'm telling ...
1. A global crisis begins in the world
Though in my heart I want to be an optimist, but I remain a realist and a pragmatist. Yes, this terrible and treacherous 2020 is coming to an end. But where are the guarantees that 2021 won't get any worse? Maybe the current situation was given to us only for warm-up, the so-called "flowers", and berries are waiting ahead. It remains to be hoped that life will improve. Wait and see!
I believe that over time, the crisis will begin to gain momentum. And when there is a crisis in the world, people are sorely lacking in money. Accordingly, there is no money - there is no demand for housing!
2. Rising unemployment
Many today apply for a mortgage in order to finally acquire their own housing. And if today there is an opportunity to pay a monthly fee, then tomorrow it may not exist. Some specialties lose their popularity and relevance over the years. There was a demanded specialist, but he became unemployed. And what about the mortgage?
Today, not every job brings the desired profits. The average salary is not enough to live a normal life, and even pay off the loan. In my opinion, in this regard, bright prospects should not be expected.
Personally, I know many who have received higher education, but work "for a penny." Even the presence of good connections and relatives "at the top" does not guarantee that you will be hired for a highly paid, prestigious position.
3. There are a lot of construction projects today
Take a look around? How many new houses are being built in your city? Housing appears, but there is no demand for it. Developers have no choice but to lower prices in order to attract clients. I think that new buildings will fall in price, if only someone buys them.
4. The secondary market is growing
Imagine a person who has been hit by a crisis and his finances have started to sing romances. Naturally, first of all, he will spend money on food and basic needs.
If there is no work, but there is “extra” real estate, what remains to be done? That's right, get rid of unnecessary things. Therefore, the secondary housing market is growing during the crisis.
This is my reasoning and my position. I think there is still some logic and truth in them.
Of course, there are those who will not share my point of view. I would very much like to talk with such people. Do you think the real estate market will collapse in the coming years? Express your point of view in the comments!
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