Real Estate Situation .:. From the Streets of Spain

in LeoFinance2 months ago (edited)

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It's time for the news directly from the field, from the first battle lines... Not from a chair in Wall Street, but from the breath of the ordinary people... I think that the point of #decentralized social media networks is that "real touch" from people there, and I like to read and watch news that ordinary people post here, as they aren't faked... It looks like we have 2 realities that are served to us, the first one on the TV and mainstream media, and the second one where YOU and I are living...

In this video, I was talking about my personal opinion on the real estate markets here in my surroundings in Spain... I didn't talk about statistics by year, rising, or falling prices... I was talking about what I can SEE and FEEL on my skin if compare how my town looked like a year ago, how it looks NOW, and how I think it will look the next year...

Almost all economies all around the globe are hit by these bad handling of virus situation... Small businesses are closing down, companies that were built for decades can't survive this pressure where the government forbids them to work, but still collect taxes...

I'm renting my apartment for the last 10 years, and for the money that I have paid until now, I could buy a home... But, the reality is that I don't have that money, so I'm kind of forced to continue like that... And, I'm not alone... As a matter of fact, a lot of people are like me, especially the younger population that wasn't lucky to live in a time when you could buy a home for a "normal" price and pay it in a couple of years... Now, we need at least 2 lives to pay for 1 apartment... Is it really have to be like that?

So, as all renters, I have a dream of buying the home... As I knew about the things that I said above, I didn't have an illusion that I can work an "ordinary" job and earn that kind of money... So, 3-4 years ago I got involved in cryptocurrencies trying to accumulate as much as possible, firstly by mining Ethereum, then by staking other cryptos, and finally getting involved with content creation, curation, and all the great things that Hive offers... I do all this with one simple goal... TO MAKE A DIFFERENCE

The main idea was to try to accumulate enough crypto that will worth a lot more when the next bull-run comes, and with that money buy a home... Maybe, I'm crazy, but I think that that idea could become reality, but we will see that probably very soon...

On the other side, chasing that dream, I have noticed that making a difference quote isn't just limited to getting money for a home, but also to make that home to be a better place to live... So, I have started vlogging about #freedom and #freespeech, but that is another topic, for another vlog...

This time, I was into real estate talk, so check out the video for my views about it... Maybe I sound a bit bitter at the end of the video, but we all have a choice at the moment to "pick a side"... Or we are here to find a solution, or we are part of the problem...

Thank you for your valuable time,

~ph~

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Like to hear about this dream. I think you positioned yourself very well. In my eyes, the economical suffering has only just started and it will have a very bad effect on all sides, and especially on real estate markets. For the moment people as you say are still in their dream bubble and believe that prices will go up again but we will come to a point where people have to sell because they need to cover other costs and then prices will drop significantly. When nobody wants to buy and everybody wants to sell, this can take drasitc dimensions and it will also plunge the banking sector into a very dangerous place. I hope your dream comes true :-)

Well, I hope too... :) Actually, I didn't position myself very "dreamy" in this scenario... I mean, I didn't buy 0.01 BTC and waiting for to Bitcoin hit 1 million... but, I did sacrifice a lot in the last couple of years to accumulate crypto that I have...

But, the only missing piece of the puzzle is one bull run... :) And it doesn't have to be too crazy like the previous ones... :)

Btw. it's nice to hear a confirmation of my thoughts from a "banking person" :) It gaves me more hope :)

It's interesting...I don't know much about real estate &, like you, I am a renter also. I have been renting a condo for over 10 yrs. I have been fortunate since I have a very good landlord. However, I have noticed there are a lot of empty condos around me & in the same complex as mine. We had that problem a bit before but it has been a lot worse since the plandemic... no one can afford the prices owners are asking for. It also seems like there is a misconception of what people can actually afford at this time as well...

Nevada is struggling a lot in the hospitality industry...some hotels are open and running at some capacity but a lot are closing or struggling at the very best. Now, it looks like we may be going through another lockdown, which won't help much ....

However, like you & so many others, I also have a vision. I truly feel that we have a huge advantage being the pioneers here on HIVE & the cryptocurrency world in general. A house would be nice someday, but for me, being able to pay the bills & living comfortably with the help of crypto sounds divine. My goals are aligned with that dream. It may be simple but I believe I can do that in time...

I am so thankful for the blockchain because we do truly have freedom of speech here & can be free to express ourselves without fear of being censored or deleted. Granted, maybe not everyone will like what we have to say, but that's okay. We can still share our ideas & agree to disagree sometimes. The main thing is we have a voice here.

Thanks for another interesting video, Zoltan. I hope you are able to buy that house sooner than later. You deserve it! :)🧡

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no one can afford the prices owners are asking for. It also seems like there is a misconception of what people can actually afford at this time as well...

Well, that would be fixed probably very soon... as nobody likes to keep his property empty and without making money from it... I would say that renting prices will go down... How much, we will see...

Nevada is struggling a lot in the hospitality industry...some hotels are open and running at some capacity but a lot are closing or struggling at the very best.

The problem with hospitality is that all of them to make some profits, have to be filled at least with 70-80% capacity... If not, they are or only surviving, or going into debt... I don't know what will be with all this... We are living in a similar surroundings...

And I do agree that we are pioneers in crypto and I hope, same as you, that it would be great if we can afford for living from it...

Thanks for the wishes!

I like your dream to ensure your financial freedom from crypto and that is one way of becoming a bankless citizen. Holding our own financial destiny lets us do so many things and view any decision from a different perspective. Good look in your endeavours.

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Thanks, man! Appreciate your support :) Actually, I'm not that far from my "dream"... The only thing that's missing is one bull run :)

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Same here in Nigeria. The real estate industry has been hardly hit in 2020. Many auction out their lands and structures just to be able to survive this trying times. many of this would sure happen in the post covid era expect for those who are keying into the New Tech available for business.

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Unfortunately, it is almost everywhere the same... And I expect that it will hit even harder very soon... I hope that I'm wrong...