Can propertries get more expensive, if people cant afford to get mortgage for them?
Thursday, August 6th, 2009 at
8:44 am
Sell House Quick
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Tagged with: 40 Year Mortgages • Eastern Europe • Mortgage Rate
Filed under: flat mortgage
OF COURSE prices can still go up .. just so long as there are SOME people who CAN afford to pay .
‘People’ in Eastern Europe have no ‘God Given Right’ to purchase a Property .. and (in fact) neither does anyone else, anywhere ..
Capitalism only gives those with the money/income the opportunity to purchase what others are willing to sell
(Of course under the Communist System, no one was permitted to own property, and hence all property was worthless .. just go look at the condition of some of the houses in the Eastern block that have had no repairs or maintenance since 1945 to see what I mean ..)