Tuesday, November 30, 2010

Now they are protesting against the new measures.....

It is not even 2 weeks ago the Government introduced new measures to cool down the completely overheated property market. See the posts below.
So almost immediately the "property-sharks" are biting back.
Last week one spokesman from one main developer said "this new measures
would mainly hurt the end-user" - means people who want to buy a property
to use for themselves (what actually still should be the main reason to buy some
appartment - or ?). Because if they buy after the day of the new measures have
come into force and then they suddenly loose their job or have to sell the
appartment because of some financial problems. This point is not really correct:
If you buy today with the purpose to use it for your own living this is something
people are planning for a long time and not in a short term thinking. So if your job
situation or financial situation is weak you will not consider to buy anyhow. This point
maybe is true for only a very small percentage of buyers - so NO POINT AT ALL !
But as the news is telling transactions are very little after the measures have been
introduced - because all the gamblers (speculators) are scared away from buying -
THIS IS VERY CLEAR.
And now the agencies start crying & weeping: If the Government does not revert that
new measures 1,000 of agencies maybe closed & 10,000 of agents will loose their jobs !
GOOD ! Another logical step to cool down the market. Alone in my street are 8 agencies
in a distance of 200 meters - they are all offering the same appartments !
They want the Government to impose a profit-tax. Not a really good idea as people have
many possibilities to avoid this.
So now all this guys (price pushers) who were actually one of the reason that
the prices are "sky-high" are in big trouble, because their commission income for finished
transactions for the next weeks, months will decrease significantly. As they get a lousy basis
pay here we have another reason for this property prices - in past months (1 - 2 years) they
were trying everything to artificially push up prices into completely unreasonable heights.
The higher they sell the more they earn - so why keep the prices low ? They just told sellers to increase the initial asking price - this is snowball - system. If one is starting to do so the others will follow suit soon.
They want to held a protest march now on the coming weekend in Central !

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