well great, now I am doubting myself again whether I should buy an appartment this Summer
> Het is nog onduidelijk hoe de woningprijzen precies zullen evolueren als de trend van de stijgende rentes zich verder doorzet. Een daling op de Belgisch woningmarkt wordt niet meteen verwacht, wel dat de prijzen zullen stabiliseren.
Have housing prices actually dropped at any point in the last few decades?
I remember a time I was happy to only have 2.99%, granted I have since then also seen 1.41% after moving, but still, these are all on the low side from my point of view.
The fuck is that inflation? 8% going towards 10%? I knew things had gone up but that’s intense. 😭
2% fixed on a mortgage still seems reasonable and probably within reach for a lot people, especially given this crazy inflation..
If you can buy a house, you should buy 1. It will only get more difficult.
If inflation keeps ramping up. Expect interest rate going up to the double digits….
Ok, so now houses *and* loans are getting more expensive. Seems like we’re on a path of no return and I have missed my chance to ever buy a house 😔
Great. Now I don’t only have to worry about being able to buy a house. Now I can start worrying about paying off my loan as well.
Heel blij dat ik eind 2019 heb geleend en beginnen te bouwen. Net voor alle problemen. Enkel een delay gehad van een maand
so… the central banks buy loans from local banks, so local banks can sell more loans which lets people buy more houses/investments and this is supposedly good for the economy. in reality, it lets rich people buy more houses to rent out, driving down supply (of buyable houses) and driving up prices (because people still need somewhere to live).
except it adds to inflation. and now that inflation has gone out of control (again), the governments (read: taxpayers) are loaning from the banks at higher interests as well.
so the banks fuck up the economy in favor of the rich, and now they’re profiting off of the tax payers?
very cool, thanks banks.
11 comments
well great, now I am doubting myself again whether I should buy an appartment this Summer
> Het is nog onduidelijk hoe de woningprijzen precies zullen evolueren als de trend van de stijgende rentes zich verder doorzet. Een daling op de Belgisch woningmarkt wordt niet meteen verwacht, wel dat de prijzen zullen stabiliseren.
Have housing prices actually dropped at any point in the last few decades?
I remember a time I was happy to only have 2.99%, granted I have since then also seen 1.41% after moving, but still, these are all on the low side from my point of view.
The fuck is that inflation? 8% going towards 10%? I knew things had gone up but that’s intense. 😭
2% fixed on a mortgage still seems reasonable and probably within reach for a lot people, especially given this crazy inflation..
If you can buy a house, you should buy 1. It will only get more difficult.
If inflation keeps ramping up. Expect interest rate going up to the double digits….
Ok, so now houses *and* loans are getting more expensive. Seems like we’re on a path of no return and I have missed my chance to ever buy a house 😔
Great. Now I don’t only have to worry about being able to buy a house. Now I can start worrying about paying off my loan as well.
Heel blij dat ik eind 2019 heb geleend en beginnen te bouwen. Net voor alle problemen. Enkel een delay gehad van een maand
so… the central banks buy loans from local banks, so local banks can sell more loans which lets people buy more houses/investments and this is supposedly good for the economy. in reality, it lets rich people buy more houses to rent out, driving down supply (of buyable houses) and driving up prices (because people still need somewhere to live).
except it adds to inflation. and now that inflation has gone out of control (again), the governments (read: taxpayers) are loaning from the banks at higher interests as well.
so the banks fuck up the economy in favor of the rich, and now they’re profiting off of the tax payers?
very cool, thanks banks.