To Buy or Not To Buy
(Yokohama city, Kanagawa pre. on Jul.19)
The present recession has brought about a drop in hand prices nationwide and housing prices have reached near the ideal level within the five times of annual income. There was a price cut in 3LDKs in the housing development, for example nearly 77-square-meter condos were lowered to 26 million yen each. (3LDK means a 3-room apartment with a living room and a kitchen-cum-dinette which is a standard plan for an average family of a couple with one or two children.) They say it is the right time to buy a house with the lower interest rate as well as the lower land prices. But we are likely to be in more serious condition with high unemployment rate, personnel downsizing or wage cut by corporations. Under the circumstances, we really need courage to decide to purchase a house and have a loan.
go to Top page
