Simon: Yeah, and this is an interesting article, though what it says may not be true.
I think the market is going to be stable.
Pamela: I agree. At present, the government’s policy seems to be stabilizing
property prices. But I don’t understand why some people spend so much money on real estate? What was behind this big rush to buy houses last year?
Simon: Since the interest rates on bank savings were quite low, and the stock market remained a bear market for a long time, it’s not surprising that investment in housing property rose.
Pamela: Were there any other reasons for the race to buy houses last year?
Simon: Yeah, a number of other reasons: Some buyers searched for status symbols, some wanted to live more comfortably, and still others expected further rises in property values.
Pamela: Amazing. So many people earn enough to buy a large apartment or even two houses.
Simon: Most of them don’t; they buy on credit.
Pamela: The article says too much debt may burst the bubble.
Simon: But I think the market will remain stable, at least in the near future.
