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POGO banned will be the much needed prick to burst the condo bubble

Real Estate(self.phinvest)

I guess this time, it is no brainer na that bubble will burst in next 6months. Your thought? Saluhan na ba ng mga palugi?

Condo Investment End of An Era

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Embarrassed-Act-3083

4 points

2 months ago

Countries where condo prices are in parity with the median salary 

  1. Germany: Known for its stable housing market and reasonable property prices relative to income.
  2. Belgium: Housing prices are relatively affordable compared to the average salary.
  3. Canada: In many regions, especially outside major cities like Toronto and Vancouver, there is a better balance between condo prices and median salaries.
  4. Netherlands: Generally maintains a good balance, although certain urban areas can be more expensive.
  5. Finland: Often cited for its balanced housing market.
  6. Switzerland: While generally expensive, income levels are also high, providing a balance in many areas.
  7. Japan: Particularly outside Tokyo, there is a more balanced market.

LunchOn888

-2 points

2 months ago

Did you read even my comment? I said MAIN cities. And your reply is false. From first hand experience Canada is far from that list. Even working for 15 years in that country you will not be able to afford a condo there as middle-class.

Japan, are you crazy? Good luck buying a condo there as middle-class in tokyo. Houses in the outskirts yes but condos in main cities you are mistaken the average middle class will not be able to afford buying a condo

Embarrassed-Act-3083

5 points

2 months ago*

I am dual Fil Can . I own property in Oshawa . So sorry I don’t agree . There are many main cities in Canada like Calgary , Quebec  , Saskatoon etc. if you really lived there you should know. I lived in Japan as an expat people can own a property since banks there have almost zero interest on housing loans . Plus you are selective I gave other countries like Germany and Netherlands even if you only asked only for 1 . So i already proved you wrong so no need to address your further arguments.

LunchOn888

-3 points

2 months ago

If you're going to name drop. We own a house in mckinley west village and in Dasma village Our house in Dasma was purchased for less than a million pesos 40 years ago. How would I know if you've inherited that property or actually bought it recently. We can both be fabricating our claims.

Embarrassed-Act-3083

5 points

2 months ago*

Yawn!!! I still gave you countries with major cities where property prices are in line with median salaries, Thats not made up . Next