As it is not sad, but the situation on the real estate market is moving in that direction, so that the mortgage has again become relevant to those who do not have a roof over your head. We recall the background of events: By 2005, the property market was relatively balanced. Yield on investments in bank deposits slightly ahead of profitability at the time of residential apartments. Given the lower risks of the market could be considered in equilibrium. 2006 brought the crazy growth real estate prices. On the one hand the incident could be considered a natural market response to inflation, oil revenues, the growth of wages and corporate profits. But, let say sales statistics and the economists. We have something know how much the price of our meters of bribes and the dictates of state monopolies.
Yes, and careless builders always easier to increase prices than to think a head, reducing construction costs. Outcome shocks led to a drastic imbalance of return rental and purchase housing. Interest on investments (or mortgage) money does not correlate with the rates for renting. Demand for the purchase of rapidly flowing toward rental housing. Not because people wanted them. By the fact that pay bankers, no one could. But today the situation is changing.
Rental market if awakened from hibernation and rapid strides to catch up. Rates are rising at the same speed with which last year grew up housing prices. Why rental market responded so late? This issue is not economic.