Tuesday, 4 March 2008

HYPO: "Properties Beyond Reach Of Even Top Earners"

The Mortgage Society of Finland (Hypo) said in a statement Tuesday that the number of unsold houses and flats in the country had risen to 1,500, adding said properties were beyond reach of even top earners.

1,500? They must have forgotten another zero or two : I would say most probably around 15,000 to 150,000 of unsold dwellings for the whole country and it's growing fast...

"Hypo blasted builders for neglecting the needs of a broad range of customers and urged the companies to build more affordable housing."

"It is of course nice to build those expensive and lavishly equipped dwellings," it added.

Right, So in order to bring affordability, the solution is to build low standard house...and avoid doing the right structural reforms?? (land planning and monopoly break down) . Housing cost will come down in the years if not months ahead no doubt about it so it's not an issue. Hypo is again shouting facts and proposing nonsense solutions...

"Hypo said it was possible but not probable for Finnish house prices to start falling later this year."

They will fall no doubt about it, the question is by how much? it all depends how long the market is not allowed to go to its natural equilibrium. who are the actors to blame in this disequilibrium?

1- The government : Providing subsidies in a market that didn't need it. It just shifted tax payer money to the wrong resources. In particular the housing minister has been almost an inexistant actor... where is he? and most important what is he doing?

2- The Municipalities : In making land planning and availability a speculation game...


Anonymous said...

If you go to Etuovi.Com, search for all houses in Uusimaa and the only new builds (vain uudiskohteet), there are well over 6000 unsold new houses.

Anonymous said...

You will find a lot of so called "fitness experts"
telling you just one thing, although the others tell you differently.

Here is my web site - adjustable dumbbell set

Anonymous said...

What about the feminine bodybuilders using the big muscular tissues?

Here is my blog adjustable dumbbells

Anonymous said...

So if you are doing currently have knowledge, you will not
discover nearly anything new right here.

Feel free to visit my web-site http://www.getfitnstrong.com/bowflex-dumbbells/

Anonymous said...

There are actually all sorts of diet plans around these as Atkins, Slender Speedy, amid many others.

My web blog - adjustable weights

Anonymous said...

Don't just will the body be a lot more receptive to building gains went functioning out, but you will recover speedier right after your exercise is concluded.

Visit my web site bowflex selecttech 552 adjustable dumbbells pair

Anonymous said...

You will discover lots of of these which are out there on the industry, and although
they are somewhat high priced, they do tend to work really nicely for those who utilize

Also visit my homepage - http://www.getfitnstrong.com/adjustable-dumbbells/adjustable-dumbbells/"...

Anonymous said...

While all people loves schooling Biceps, it truly is the
Triceps that make up the bulk with the measurement in the upper arm!

Also visit my site http://www.getfitnstrong.com/bowflex-dumbbells/3-reasons-bowflex-selecttech-552-dumbbells/

Anonymous said...

Payday Loans Even if you
live in smaller towns in canada, dating sites allows you to connect with
people across the country and if both individuals have a
connection the feasibility of meeting the other person is reasonable?
Payday loans are unsecured in nature car loan, of employment so
as cash needs of the borrowers. Such folks, when they wake up, blame their upline,
their mlm, and the entire mlm industry for their failures,
and becoming poison pills to the whole mlm industry.
But just like with most everything else, one size doesn't necessarily fit all.