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Ask HN: Major cities rental market 2020
4 points by llcoolv on March 20, 2020 | hide | past | favorite | 2 comments
Hello everyone,

Have you noticed a storm of super cheap rental offers in your city's nice neighbourhoods. In Prague it is ~45% down for a week and in Sofia ~35%. My guess is Airbnb and mortgage-to-rent. With many borders expected to stay closed for an extended period, when are those properties going to end up in bank auctions?

Is the housing bubble about to pop?



I guess not. For most landlords 1 or 2 months without any income is just bad luck.

If we have recession and travel restrictions for a few quarters prices will fall but still, it is just temporary.

You can expect bubble to pop only if there is some change. For example Work From Home becomes a standard and in results there is systematic outflow from urban centers. Or there is long period of inflation and the capital finds better returns elsewhere. Or 25% of population dies.

So I would say there is a chance of housing bubble popping up but it is not a base scenario.


Yes, but I can easily see the borders staying closed for quite some time, especially in countries that manage to flatten the curve, the direction in which they are closed might change though.




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