Prosperity, low-interest rates, wider mortgage product offerings, and easy to access credit cause
pricing bubbles.
Now, forces that make a housing bubble pop include a downturn in the economy, a rise in interest rates, as well as a drop in demand.
We've had all that and credit is getting more expensive.
Theres only so many people who can live somewhere or buy to rent scheme spaces, developers building as much and fast they can and you can't renew all the older buildings.
In the end, follow the money, all the stake holders and you'll find it is always universal greed at the root.
I am not so sure that building houses for non business purposes should be handled so liberally.
Prosperity, low-interest rates, wider mortgage product offerings, and easy to access credit cause pricing bubbles.
Now, forces that make a housing bubble pop include a downturn in the economy, a rise in interest rates, as well as a drop in demand.
We've had all that and credit is getting more expensive.
Theres only so many people who can live somewhere or buy to rent scheme spaces, developers building as much and fast they can and you can't renew all the older buildings.
In the end, follow the money, all the stake holders and you'll find it is always universal greed at the root.
I am not so sure that building houses for non business purposes should be handled so liberally.