polkov писал(а):
-в долгосрочной перспективе цены на недвижимость все равно вырастут, и вырастут быстрее потерь от инфляция. Да и надежнее акции, облигации, бондов и пр. Хотя тут есть конкуренция со стороны спичек, соли и оружия.
This is no ordinary real estate correction. It’s the shuddering end of a whole epoch. The age of the house is ending, since this asset depended on continuous inflation, endless economic growth, romping personal incomes and investor confidence. Today, rising rates, higher taxes, too few jobs, debt-drenched households and negative demographics mean real estate is cooked.
In fact, buying a few single-family homes to hold as investments is now dumber than getting a real estate license. Only heartache looms. There’s but one possible reason to buy an investment property (other than a multi-unit apartment building or a mall in Huntsville next weekend), and that’s for capital gains. With rents falling and costs rising, every poor sop with a Vancouver condo or a rental town house in Mississauga is staring down the barrel of negative cash flow.
So with the certainty of lower property values – including the prospect of a slow American-style melt – the one glimmer of salvation is now extinguished. There is no more valid real estate cycle. This asset has been bid to the moon, beyond economic justification, and will now correct below the long-term trend line.
