Escalating house prices

Actually there are many reasons to why those individuals finally take up loans to buy the house as in my country for just a simple reference. One of the key factors is because those rentals and available houses for rent has indeed been a problem for most individuals nowadays. To rent a place now is equivalent as to pay up for the house loans. So in order to pay the equivalent as well as the homes you are paying is not yours, they have prompted to take a risk and get the loan. What they have no control is what the economy will do to them when companies closes down, and a sudden lost of job. Another reason is of course to be competitive with peers or pressure from others such as parents, partners which of course definitely a reason to convince them to have a home of their own. What about yours?

I agree with you, even when we buy the property, we could never be sure that the property of the place will boom or otherwise. That is why when consumers are buying their heads off just for an investment, one day they could resell their homes with a higher price, it will benefit them and that was their intention. What I am wondering, before they think of doing the buying and selling, where did they get the money? Aren't they scared that their property won't sell, or they are of of job? The debts? Leave aside those really rich ones, what I saw was normal people like you and me, queuing up for new launches..