Why, why, and how I bought an apartment in California?
the crisis in the real estate market has provided an excellent opportunity to exchange the 42 metre one-room apartment in Kurkino (town near Moscow), 100 meter two-storey apartment with a fireplace, two bathrooms and a bedroom on the shore of the pond with wild ducks and geese, squirrels and hummingbirds, sequoya, an outdoor swimming pool and two tennis courts. All this splendor is located in a private condominium in the beautiful city of San Jose in Northern California. In the city, which is considered the unofficial capital of Silicon valley, where 300 days of sunshine a year. How is this possible you ask? Very simple. In the US there is a real, from the point of view of classical Economics, the market, and therefore, the concept of supply and demand works as written in the textbooks. As a result of the crisis, many are unable to pay their mortgages and lost their homes. Over 3 years real estate crisis in the USA fell by half. Prices fell to 2002 levels. I looked a