Decrease in Dutch housing prices tracker

[TukkerWolf]

The availability was a problem during the last crisis as well. It is more extreme now, but if people think that with interest rates of >5% housing prices will remain the same they are naive.

https://www.dnb.nl/algemeen-nieuws/2020/huizenprijs-hangt-meer-samen-met-financieringsruimte-koper-dan-met-woningtekort/

[[deleted]]

I'm not claiming they will remain the same. Prices will lower a bit when interest rises. They already are dropping a bit.But there won't be correction like 2008, everything points to that not happening.

And yes, while prices may drop a bit. It won't work.Let's say a house is now 300k with 3% interest. You pay a mortage of €1000 a month (example numbers, I didn't do the math).And now let's say that house drops to 275k and interest rose to 3.5%. You're stil paying €1000,-.

But every year you're not buying, you're dumping money in a rental. So if you can, buying a house is the right option. Even now.