The United States rely on real estate started Trump (Donald Trump), said recently on CNBC, “Housing is now one of the best investment someone asked me, ‘Trump, now, can I do?’ I always tell them, ‘buy a house’. ”
Schiller (Robert Shiller) in a few hours after the program, well-known economist, said, “Now, buy a house, almost no obvious error.”
Perhaps they are following the statement of investment legend Warren Buffett – He said that if their own approaches to the management buy on hundreds of thousands of single family homes, then rent.
Housing was apparently as a “buy” level of investment, especially in the investors, they see mature and increase in the rental market and high-income potential.
CNBC said that to the ordinary buyer to enter the market? If housing prices continue to fall, whether there will be a better buying opportunity? The ordinary buyer to people to buy a house for self-occupation, to support the family in there, let the dog in the backyard, running around.
CNBC said that house prices nationwide, in 2012, will continue to fall, people should release the national headline news, research the local market in some places, may have a considerable degree of rise. The national figures of the trouble is that they are low-end market dragged down, dragged down by the difficult assets.
According to the data of the U.S. National Association of Realtors, housing transactions in January this year, 73 percent are less than $ 250,000. Housing sold that month, 47% belong to the assets of the difficulty – or foreclosures or “short sale”. Housing market activity, prices down, not surprising.
CNBC said that the price of $ 25 million to 50 million, is currently on the market “sweet spot”. In January of this year, the price of home sales rose, as long as the credit buyers in this price, they fall within the scope of the GSE and FHA loan limit. FHA has increased insurance premiums, which may affect the demand for first-time buyers, it is still the best mortgage products, in particular, can only come up with a lower proportion of down payment.
Report: China’s self-made billionaire number, for the first time :2012-03-03
The Hurun chairman and chief researcher Hoogewerf said at the fourth top brands Forum, China has the world’s most self-made billionaire, the size of which, hundreds of millions of dollars of the rich and the hundreds of millions of yuan, the rich, 600, and 7500
According to the Zhengzhou Evening News “report, the Report of studies have shown that in the 600 billions of dollars rich half of the invisible rich. In addition, China has one hundred million yuan of assets, rich, up to 60000; With a net worth of 10 million yuan, the rich, as many as 960 000.
The overall composition from the population point of view, China’s richest, most born in 1960, around 1997, to establish a major business, and around 2007, initial public offerings. Report said: “There are indications that the rich, since 2010, their shares to buy, the peak of this phenomenon will appear in 2015.” He predicted in 2030, the rich will start to the next generation to “hand off” .
The collapse of the housing market, Spain the bustling Mengsui (2012-03-05)
Spain’s economic crisis and the real estate market fall into the bottom, to make the Sese Virginia should have a vibrant suburban paradise into a ghost town.
(Madrid) tower house floor, next to swimming pools and playgrounds, empty streets, overgrown wasteland and for Gailou mining pit …
Madrid outskirts of a development zone known as the “Manhattan” because of the economic downturn, has been suspended for two years, across the desolate.
In this region the the Sese Virginia (Sesena), from Madrid, only 45 minutes’ drive, was originally built as a 13,000 apartments that can accommodate the satellite town of 30,000 population. At present, the building only 5100 sets, and most unoccupied. That year, the investment Spaniards bought these houses now are eager to house get rid of, reduce losses.
Spain’s economic crisis and the collapse of real estate, so this should have vibrant suburban paradise into a ghost town. This scene, in Spain, is very common. They are the best explanation of the Spanish situation, to remind people, Spain’s bustling dream shattered.
The period 2008 to 2011, local bank foreclosure of the number of cases, such as the rocket shot up, the court has approved, there are 530,000 cases.
Government of Spain, recently came to power in February ordered banks to set aside billions of euros to cope with the estimated total value of € 175 billion of toxic real estate.
The experts believe that this new policy would certainly urge the banks to the big sale, resulting in real estate continue to fall, than even since the 2008 economic crisis in Europe has dropped 22 percent steeper.
Such as Sese Virginia ghost town house, the bank is “fire-sale” 50% of the original price discount to attract buyers, called those who invested their life savings and apply for a large loan to buy a house to invest in the people feel then. However, even if property prices, also failed to sell. Because Spain’s unemployment rate up to 23%, with the ability to buy a house, less and less.
33-year-old kava Nile believe that starting from the mid-1990s, the the Teng up the housing market, will continue steady rise not fall, so, in 2008 to € 185,000, in Virginia, Sese, bought a three bedroom, facing the swimming pool apartment. This house, two years ago, the monthly rent is € 750. However, now unemployed, and only hope that this house with new furniture and appliances to € 500 rent.
His 67-year-old retired father, than his earlier actions, at lower prices, the first in there, bought the apartment. Now, he € 110,000 to attract buyers. He believes that the loss of a few million, better than the pension fund to lose it.
The smaller apartment in the apartment on the list of the banks selling the Sese Virginia foreclosure selling price, the lowest, only a set of 65,000 euros.
Spanish Development Department estimates that, currently, the new home of the national sale of 687,000 sets; other organization studies the figure is 1.6 million sets.
As for the number of second-hand housing to attract buyers, no official figures; estimates millions.
National University of Navarra economic department head Arce said: “Bank on the valuation of the house, do not really distrust between banks, each other, not lending to each other. This way, the Spanish people to borrow money . ”
Spain’s most popular real estate Web site Idealista.com the researcher Enxi Warner said that the rapid expansion of the real estate economy and the rapid decline, is changing people’s understanding of the real estate.
He said that the older generation always tell young people to buy a house, not renting, the house is never the deterioration of investment However, house prices can only rise not fall “myth” has been broken.