/biz/ - Business & Finance

>>52213333
Good. Hikes are important and an excellent way to stay fit as a senior your age.

>>18421441
I have no clue desu. I am just sitting on the sidelines waiting. A 20-50% drop in house value wouldn't really hurt me much, as i don't ever intend to sell.

>>18421484
as mentioned earlier, immigrants found ways of not needing 20% down, they are also given about 30k usd yearly by the Norwegian government and on top of that house purchasing programs to help them buy.

And even if that wasn't an issue, all these new people need a place to live, so now speculators buy second and third homes to rent out. After your average boomer was able to get his second or third house, they put huge restrictions on building new living spaces. As an example, only 50 new apartments are built in Oslo each year, yet 6000 people move in each year.

So the people with the two three houses can now take out new loans because their net-worth keeps increasing along with their real-estate value, and as the housing market gets more expensive they put more restrictions on who gets a loan. Surprisingly this causes real-estate value to increase and again the old boomerinos take out more loans to purchase more of these unending cash machines. If ever the interest rate goes up, the entire real-estate market of Norway is fucked.

So no if people can't afford 20% the house prices won't fall.

>>13007314

>>3318944
that sounds like hell. I'd rather continue with my comfy job as a blacksmith/welder.

>>3115741
im poor :(