| Author | Message | ||
     Kubang Mudiripoyina Bewarse Username: Kubang Post Number: 10115 Registered: 09-2011 Posted From: 161.141.1.1 Rating: N/A |
ippude pakka street lo evaro links esthe chadiva. "Because house prices are in expensive areas still dangerously high compared to incomes and rents. Banks say a safe mortgage is a maximum of 3 times the buyer's annual income with a 20% downpayment. Landlords say a safe price is set by the rental market; annual rent should be at least 9% of the purchase price, or else the price is just too high. Yet in affluent areas, both those safety rules are still being violated. Buyers are still borrowing 6 times their income with tiny downpayments, and gross rents are still only 3% of purchase price. Renting is a cash business that proves what people can really pay based on their salary, not how much they can borrow. Salaries and rents prove that affluent neighborhoods are still in a huge housing bubble, and that bubble seems to be getting more dangerous by the day." Ignorance is bliss |