Prediction thread 1/3 correct
Real estate prices in The Netherlands (especially in and around big cities) will: I just don’t know the weight of these factors.
- Wrong Prices plummet — less demand from unemployment, many old people dying, and some forced to sell because of the bad economy. None of these dragged the market down; prices rose instead.
- Correct Prices do not really plummet — houses stay scarce in and around big cities, owners hold rather than sell mid-pandemic, and the ECB runs infinite QE. This side won decisively — CBS: +10.4% YoY by Feb 2021, the biggest rise in ~20 years.
- Wrong Keep your cash bags ready in case this is a once in a lifetime [buying] opportunity. No crash or dip materialised — prices surged immediately, so waiting in cash missed the entry.