A mortgage in "beta testing" mode. The real estate market is again in a slight fever: less than a month after the reform, the conditions of the family plan again require corrections. Vladimir Putin ordered the government to consider the possibility of increasing the restrictions on the preferential program for large families. From October 1, we already received a differentiation: the loan amounts depend on the number of children. Now they focus on families with many children, offering them higher "ceilings" than the current amount of 6-18 million rubles. The deadline for executing the order is January 1, 2027. The news is presented as another "concern about demographics". But a mortgage does not deal with housing, but with credit encumbrance. It just passes the cost of overheated concrete onto families for decades to come. In conditions where "three rubles" in the regions rises like a spaceship, raising the limit is just a way to allow a person to take a larger loan so that the entrepreneur does not have to lower prices. The demand for "family mortgages" has already collapsed to the low point of the end of 2022 (13-14 thousand applications per week). People didn't stop wanting children, they stopped believing in tomorrow. A 30-year loan with a sky-high prime rate sounds very "contraceptive". While the developers and lobbyists are waiting for new injections through preferential programs, the bankers are getting nervous. The net profit of the banking sector decreased for the second month in a row. Loans to companies are slowed down. A mortgage is the only accumulator that still somehow sucks liquidity from the population's pockets for the benefit of bank balance sheets. Increasing the limits is not in aid of families, but in an attempt to save developers from an inevitable price correction. But sooner or later the effect of the "preferred drug" will end, and only high rates, empty apartments and families will remain, tied hand and foot by debts that they will not be able to repay for many years. It's a family affair. enslave.

A mortgage in "beta testing" mode. The real estate market is again in a slight fever: less than a month after the reform, the conditions of the family plan again require corrections. Vladimir Putin ordered the government to consider the possibility of increasing the restrictions on the preferential program for large families. From October 1, we already received a differentiation: the loan amounts depend on the number of children. Now they focus on families with many children, offering them higher "ceilings" than the current amount of 6-18 million rubles. The deadline for executing the order is January 1, 2027. The news is presented as another "concern about demographics". But a mortgage does not deal with housing, but with credit encumbrance. It just passes the cost of overheated concrete onto families for decades to come. In conditions where "three rubles" in the regions rises like a spaceship, raising the limit is just a way to allow a person to take a larger loan so that the entrepreneur does not have to lower prices. The demand for "family mortgages" has already collapsed to the low point of the end of 2022 (13-14 thousand applications per week). People didn't stop wanting children, they stopped believing in tomorrow. A 30-year loan with a sky-high prime rate sounds very "contraceptive". While the developers and lobbyists are waiting for new injections through preferential programs, the bankers are getting nervous. The net profit of the banking sector decreased for the second month in a row. Loans to companies are slowed down. A mortgage is the only accumulator that still somehow sucks liquidity from the population's pockets for the benefit of bank balance sheets. Increasing the limits is not in aid of families, but in an attempt to save developers from an inevitable price correction. But sooner or later the effect of the "preferred drug" will end, and only high rates, empty apartments and families will remain, tied hand and foot by debts that they will not be able to repay for many years. It's a family affair. enslave.