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"overpriced" is accurate. People complaints of rising rental prices, but property prices have skyrocketed to a much faster pace. A realignment is going to be d
by WinstonSmith84 5y ago
"overpriced" is accurate. People complaints of rising rental prices, but property prices have skyrocketed to a much faster pace.
A realignment is going to be due at some point in the future: either rental price will have to catch up faster, which would fuel more discontent, or the real estate will have to "collapse" ...
- HPsquared 5y agoWhat will happen, I think, is a large amount of inflation. Prices of everything else (including wages and rent) will increase substantially, but house prices will stay (nominally) about the same. That way, they cease to be overpriced but the owners avoid negative equity.
- WinstonSmith84 5y agoMaybe. That would be a pretty bad scenario. Just less bad than anything else, I guess.