Parc Komo of the system’s imperfection occurred in the US in 2008, where again, the prices of
Parc Komo of the system’s imperfection occurred in the US in 2008, where again, the prices of housing, and particularly condominiums, experienced devaluation of up to 50% in many major urban areas. Again, it was taxpayers that had to foot the bill for the defaulted mortgages.It seems as if not much was learned from such failures. A recent MarketWatch piece titled “Opinion: It will soon get easier to buy a home-but don’t do it” of October 24, 2014, quotes the FHFA director saying that Fannie Mae and Freddie Mac are planning to guarantee some loans with down payments as little as 3%.Given that most Parc Komo showflat is open daily agree we presently live in an economic bubble with overinflated real estate prices, we must ask ourselves if we can afford to sit and wait for the next market crash that would lead to another major condo devaluation. The next such crash could not only affect taxpayers but also the score of owners that would lose their condo units. Condo complexes left with many empty units could very possibly end up wound down through insolvency proceedings, eventually transforming themselves into ordinary apartment buildings. Damage to the economy - in fact, to the whole society - could be very dire. Article Source: http://singnewhomes.com/parc-komo-showflat-location/ -- source link