Re:Which Cities Have the Highest Risk of a Housing Bubble?
by jbverschoor on Monday October 26, 2020 @05:33PM
(#24901728)
The thing is, it's not. It is the exact opposite until this quarter..
The price-to-rent here is more and more in favor of buying, even with prices up 100%. So I don't know what numbers they're looking at. This, partially, was stopped by limiting airbnb days per year and in certain parts completely. Also, the current covid situation is not helping for cities.
There is no risky credit anymore, it's more difficult to get a mortgage.. You need to bring quite some cash yourself, as they won't finance as much as they used to. And then some people don't even use financing at all, and simply pay cash.
The price-to-rent here is more and more in favor of buying, even with prices up 100%. So I don't know what numbers they're looking at. This, partially, was stopped by limiting airbnb days per year and in certain parts completely. Also, the current covid situation is not helping for cities.
There is no risky credit anymore, it's more difficult to get a mortgage.. You need to bring quite some cash yourself, as they won't finance as much as they used to. And then some people don't even use financing at all, and simply pay cash.