![]() Or alternatively, as urban prices go up, so too do suburban and greater metro (now currently in full-swing), leaving fewer options for those living in a city metro area to take on more debt than they can handle. ![]() Eventually, prices will get to the point where financing options for these investors will balk, leaving vastly overpriced condos unsold. It's not if, but when.Īs a lot of the market is being driven by "investment" (apparently about 25% of it, in fact- ), that bubble will pop sooner or later. Right now though, it's an "investment" free-for-all, and every speculator market finds its limits. But there there was a lot of natural growth driving it to begin with. The market pricing isn't being driven by long-term investment, it's being driven by airbnb micro-hoteliers, pre-con flippers and wannabe land barons looking to make a lot of money quickly.Īnd yeah, we've been hearing this for ages and it just keeps going up. The other option being the city just can no longer sustain itself and collapses, losing both business and residents. Voila, housing crash, and a lot of people out of a lot of money. ![]() Click to expand.As a lot of the market is being driven by "investment" (apparently about 25% of it, in fact- ), that bubble will pop sooner or later. ![]()
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