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> since Covid has sent demand into the earth. This needs more context. Around here, it's nigh impossible to get a place. Social housing has waiting lists for
by Beldin 5y ago
> since Covid has sent demand into the earth.
This needs more context.
Around here, it's nigh impossible to get a place. Social housing has waiting lists for over a decade, private renting is more expensive than a mortgage, and buying a house requires you to overbid. There are (plenty) stories of folks overbidding 50k€ and still not getting the house.
If you can afford to buy a house, buy it, divide into subunits, charge 80% of mortgage to each of the 5 subunits.
Anyway, that's what tge housing market looks like here. So I'm guessing your experience is from elsewhere.
- javajosh 5y agoPerhaps you missed the word "commercial" - which means renting to businesses, rather than individuals. Covid has increased WFH a lot and many small businesses are going virtual, and even larger businesses are scaling back their physical offices. This has the net effect of driving down demand for office space.
- shkkmo 5y agoIt's a bit confusing since you discuss commercial properties between two paragraphs discussing housing rentals. It isn't specifically clear that your comment about low demand only applies to commercial properties.