Don't let the fear of missing out lead you.

The psychology of "fear of missing out" in investment and the idea of ​​"seeing others eating potatoes, I will also dig potatoes" has long caused many people to invest in land without careful consideration, resulting in many investors failing, leaving many consequences.

At present, a new “land fever” is showing signs of beginning when in some areas, real estate prices have increased by 30%, even 50%. This issue is creating great concern about a new real estate “bubble” that will negatively impact the economy. Many people believe that the locations chosen as new provincial capitals in the upcoming provincial merger policy will be land with fast profit value and they have quickly “put down money” to own them.

Among them are professional investors, but there are also those who invest with the "fear of missing out" style, and that is what makes them not sober enough.

Many real estate experts believe that the reality is not necessarily like that. The land fevers that create real estate “bubbles” are basically due to improper anticipation and everyone wanting to be equal to others, better than others, thus making each other suffer. Up to now, there is still no official information about how the administrative boundaries will be merged and which locality will become the provincial capital of the new province. All are just speculations, and the reality can completely change.

Many people believe that when information becomes clear for two years, they will just “clear the battlefield” for others. In investing, being quick and proactive is always important. However, it is this “fear of missing out” mentality that pushes them into a risky race. Land prices have long not always reflected the actual value of real estate, but often increased due to competition from investors.

Even a short-term spike in land prices is not a sign of a healthy market, but just an exaggeration from land brokers looking for profit.

The land fever is following the information of province mergers, choosing provincial capitals or planning new residential areas and industrial parks. In a few days, when this “bait” is no longer lucrative enough, it may be redirected to following the selection of administrative centers after commune mergers. There will be many smaller investors targeting it, such as local people. These are unprofessional investors, lacking sustainability. That also means that the risks become more numerous, the consequences become greater.

The involvement of authorities is needed to make the real estate market transparent. In particular, investors should consider carefully to avoid consequences like some previous times.

Thai Minh

Source: https://baothanhhoa.vn/khong-de-cam-giac-so-bo-lo-dan-dat-243500.htm