Re:Making sense of what’s going on in the housing market
by ska on Wednesday April 21, 2021 @02:58PM
(#26893992)
> (negative population growth in all countries).
This does not seem to be true, most of them have small (< 1%) but positive growth I think.
What were you basing it on? Some of them have negative birth rates, but that isn't the same thing - and to lead to an overall decline in population immigration would have to be reduced by more than the delta.
Re:Making sense of what’s going on in the housing market
by beiller on Thursday April 22, 2021 @12:13PM
(#26904453)
Yeah sorry I meant negative birth rate. But my assumption of negative growth is based on post covid, since border flow is severely restricted and people are just avoiding moving for the last 1year+. So I have assumed negative growth since covid and I have no source to back it up, yet the real estate market hitting record highs in my country, as a kind of hint that the prices are not driven by immigration demand but purely speculation. I would love to see population growth data for the last 12 months. I will look it up.
Here in my city, the rents are decreasing since COVID started and the prices keep skyrocketing. It also supports my hypothesis. Investors are just buying up properties and renting them out, lowering rents everywhere. It may come to a head sooner rather than later, once someone finds the mortgage is way higher than the renter is paying. But even then, I think many owners are willing to take a hair cut on their mortgage because they feel like "the market has performed so well, its worth it". But how long?