Caspar2020
2018-08-03 19:39:11
- #1
What matters to me is that this is exactly why the price spiral keeps going steeply upwards. Because everyone can afford a home even though they shouldn't be able to, and meanwhile they are presented with such offers from supposed "experts"
The major part of the price increase comes from the flight of capital from low interest rates into real estate. There are so many who inherit or where the money simply lies stupidly in the family account; coupled with low interest rates, and then things took off.
You can especially see this in property auctions. These are not people who are struggling to make ends meet.