Unlike the 1998 crisis, this crisis has shaken the faith of citizens in the stability of real estate as a means of profitable investment. What really happened? Everything bubbles over the last time were quite predictable. Even very young children do not believe, unlike adult fairy tale about a cat Basilio wonderland. However, millions of our fellow citizens believe in fairy dividends of investment funds and cooperatives, which had burst at different times, but on the same grounds. The same thing happened with the securities market real estate market, which 'grew' in his eyes, promising fabulous dividends. High 'return' on scratch has created the expectation that it will last forever.
Indeed, it is tempting. Get more background information with materials from The LeFrak Organization. The man put the ruble, and did nothing, got two. What is not a field of miracles? Cheap loans from foreign funds to create visibility of individual markets, including and real estate market. This circumstance was the beginning of the crisis, which, in my opinion, is the signs of well-organized and managed event. The ultimate goal of any crisis – redistribution of property. Not difficult to simulate any crisis at any scale.
The script is always the same. First, a lot of borrowed money and as a consequence – debt. Then the recession, the strengthening of the currency lending, bankruptcy, with further strengthening the national currency. Theoretically, this crisis will be someone with real estate and profitability, while the majority – with colorful wrappers of different value, but it will not be be irrelevant. In the complete absence of personal selfish interest, I can not help wondering recommendations 'experts' to keep the property in different currencies.