33 yorkville for sale. The housing market is in a dilemma at a crossroads. At present, the domestic housing market is at a very difficult crossroads, either plummeting or continuing to soar, no matter which case the consequences are very serious.Please Visit: 33 yorkville for sale to Get Your VVIP Registration Today!
Among them, the consequence of the former is the collapse of the market, and the impact is even worse. The United States, Japan, Spain and Ireland have all experienced house price collapses over the past 30 years, all of which led to severe recessions in the years that followed.
On the other hand, it is also costly to continue to support rising house prices. First, it seriously affects the vitality of big cities. House prices in big cities such as Duowen are too high, and many people who want to go to work are also scared by high housing prices, affecting the productivity of these big cities, which were originally the centers of local economic activities. As local economic centers, big cities have high productivity, but there are many restrictions and protection in the planning of existing residential areas, and it is difficult to develop new houses, which can not meet the huge housing demand and restrict the inflow of talents.
Fortunately, this issue has attracted the attention of experts and policies. A 2019 US study found that increasing the supply of housing in big cities such as New York and Los Angeles would increase the overall annual per capita income of the United States. The situation in Canada is similar. Young people are under great pressure to buy a house, which will lead to heavy social pressure. Twenty years ago, the cost of buying a house for the average family in China accounted for 40 per cent of household income. By October 2020, the proportion had risen to 55 per cent.