4 ms·
If prices are beyond the reach of the supposedly stabilizing part of the society, then who's buying what's on the market? Either there's a high degree of conso
by zoomablemind 7y ago
If prices are beyond the reach of the supposedly stabilizing part of the society, then who's buying what's on the market?
Either there's a high degree of consolidation on the real estate market, such that the properties are in hands of large conglomerates (maybe foreign). Or the middle class effectively has low buying power, which again asks to reconsider its middle definition.
Clearly there's some serious disbalance at play. Small square footage offerings are not a solution, rather it's another way to further increase a unit-price.
- lsc 7y agoI... think per-squarefootage costs right now fit my budget just fine? but only ifyou sell me a 300sqft place, like this describes. Most "middle class" owners bought in before prices came up; real-estate, like everything, is priced at the margin
- marcosdumay 7y agoThere hasn't been much of a market lately. On the largest cities centers, housing mostly does not sell. The very small amount that sells is usually brought by rich people making unsound decisions (like betting they'll never have a month without a job on the next 30 years). People have been moving away from those centers and leaving housing there empty.