Re:The Covid-19 pandemic is forcing a rethink in macroeconomics
by Beldin on Saturday July 25, 2020 @04:58AM
(#23947749)
> I do. That's how housing works in Japan - you buy a house to live in, not to save money or invest
Something I don't understand: if there is real deflation, your buying power increases if you wait. In this case: wait a year, get a nicer house for the same price, or pay significantly less for the current house.
So even if you're not buying the house as an investment, waiting would improve your situation as a buyer. The more you wait, the better for you.
How do you ever get to actually buying a house in such circumstances?
Something I don't understand: if there is real deflation, your buying power increases if you wait. In this case: wait a year, get a nicer house for the same price, or pay significantly less for the current house. So even if you're not buying the house as an investment, waiting would improve your situation as a buyer. The more you wait, the better for you.
How do you ever get to actually buying a house in such circumstances?