Not so long ago, the answer to this question was quite unambiguous: of course, its own housing. Can it be otherwise? After all, the owner of his own housing automatically received a number of advantages. Firstly, he became the owner of real estate, which testified to a certain solidity, permanence and belonging to the middle class. Secondly, until recently, the acquisition of real estate was considered a rather profitable investment: its own investments amounted to only 20-30 percent, and the bank provided the rest of the amount as a loan. Ultimately, you will have to pay more the cost of the apartment, but every month the debt will be reduced, and its own component of real estate will grow. In addition, for several years, the price of real estate grew. It was quite real to buy an apartment or house, live in it for some time, and then sell it and move to more spacious housing. In America, for ten years, real estate prices amounted to 80 percent. In the UK, the cost of housing increased 5 times. In Moscow at that time, the value of real estate showed a record growth rate.
And everything was fine, and the prospects seemed rainbow, until the global financial crisis broke out. There was a collapse of the value of real estate, in some regions and cities the cost of housing fell almost half. The strongest blow was transferred to London, New York and Moscow, although the latter got a little less. In New York, the situation was aggravated by the fact that overvalued apartments and houses were purchased by a large number of people. In such cases, a credit component on a mortgage could reach 90 percent of the total cost of housing.
In the UK, where the owners of houses are seventy percent of families (in other European countries this figure is significantly lower), a new trend is currently observed. Residents of London, instead of purchasing housing, prefer to rent apartments or houses. A similar situation is observed in New York, due to the fact that many wealthy people are afraid to lose their jobs. In Moscow, so far this trend is not so clearly traced. Perhaps this is due to the fact that oil prices do not fall, the demand for housing exceeds construction.