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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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11232266 No.11232266 [Reply] [Original]

Fresh off the presses.

>Bubble risk appears greatest in Hong Kong, Munich, Toronto, Vancouver, London and Amsterdam. Major imbalances also characterize Stockholm, Paris, San Francisco, Frankfurt and Sydney.

>This year's study highlights increasingly strained affordability. Buying a 60m2 apartment in most world cities exceeds the budget of most people who earn the average annual income paid in the highly skilled service sector.

https://www.ubs.com/global/en/wealth-management/chief-investment-office/our-research/life-goals/2018/global-real-estate-bubble-index-2018.html

>> No.11232283

>>11232266
>Chicago
Delete this. Haven't had enough time to acquire.

>> No.11232290

>>11232266
Mmmm yess give me your cum Van bubble

>> No.11232303
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11232303

Toronto and Vancouver(small town) are influenced by cheap cad$ and mostly foreign buyers. Europe and Hong Kong have real bubbles with zero interst rates and long mortgages. Sweden has same trouble Japan had with 100-years mortgages. This is why New York is so low in the list too, as americans already pay 5-6% per year, while in europe people still pay 1%!

>> No.11232305

>>11232283
Chicago is decepitively cheap because we have high property taxes. My uncle lives in a 12,000 sqft house he bought for 2.6M but his property tax bill is 48K/yr, which is similar to owning a $5M house with no property taxes.

>> No.11232308

>tfw Zürichfag
>tfw managed to get a 59m2 apartment for 1250 a month
It's really sad though, last time I went to check out a free place there was literally a line outside the block of people trying to get in.

>> No.11232313

>>11232266
at least in europe it is not a bubble. the supply doesnt meed the demand, and I doubt it will in the near future.

>> No.11232338

>>11232305
kek, in Vancouver a $8million dollar house is only 17k a year in property tax.

>> No.11232447

>>11232266
Whole europe is a bubble since 2015. Mass migration with low educated people and only motivation to get money for doing nothing. Countries taking more and more debt for "investing" into them. Massive new flats are build, germany mama merkel even told a few days to build more flats and a new building wave is coming. In a few years most of them do not work, have to take a cheaper flat, go back to their countries, or are just deported.
The only question is, if there are coming new migrants which are educated in the next wave. If not, this will be a hard crash.

>> No.11232480

>>11232308
is that USD or CHF?

>> No.11232492
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11232492

>>11232447
>This is the future of Europe

>> No.11233259

Leaf here. Bubble burst when. I'd like to buy a house for cheap.

>> No.11233330

Yeah I knew this when some fag was pushing hard for (((real estate))) the other day on here.

>> No.11233361

>>11232266
>munich a bubble
nice fud. 3x gains in 10 years and not fucking selling.