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> A "strong" housing market seems to indicate that there are no productive places for investing and no wage growth so people need to gamble on houses to rise in
by expertentipp 9y ago
> A "strong" housing market seems to indicate that there are no productive places for investing and no wage growth so people need to gamble on houses to rise instead.
You've just summarized the situation in Prague, Czech Republic.
- jankotek 9y agoPrague has problem with supply, new flats are build slowly.
- Yizahi 9y agoSame in Ukraine
- novalis78 9y agoSame in Munich... QE money looking for a 'tangible' home
- contingencies 9y agoSame in China. Same in Australia.
- marvin 9y agoSame in Norway.
- expertentipp 9y agoboooom? https://www.youtube.com/watch?v=TpCb3xjh-Kk#t=04m05s https://www.youtube.com/watch?v=TpCb3xjh-Kk#t=04m05s
- paganel 9y agoSame in Romania. For the first time in my life (I’m 37 now) I heard a couple of acquantainces saying something like “We’re 20,000 Euros reacher now compared to last November, our apparment is now worth 90,000 euros compared to 70,000 euros last November”. This discussion happened this summer, since then I’ve heard at least a couple other different couples saying pretty much the same thing (only the sums were different). Never mind they their investments are a hell of a inliquid ones and that the banking rules can change anytime, just like that (like it happened after 2008), which would send the real estate market collapsing.
- bobowzki 9y agoI hear this almost everyday in Sweden.