Inflated housing prices and the mortgage system, in which the borrower is forced to return three or four times the cost of an apartment to the bank just to pay interest, put an end to comfortable housing for Russian families. But there is no alternative.
But even if you decide to take out a mortgage, you won’t be able to take it out – your salary won’t be enough. Average salaries across the country turned out to be less than the income required by banks to conclude an agreement.
It is necessary to oblige banks to correlate their mortgage programs with the realities of life in the regions. Down payment, payments – everything should be calculated based on average salaries in the region. And the amounts of payments should be distributed fairly: half – towards the payment of the principal debt, and half – towards interest. Such measures will make housing more affordable and in the future will affect the demographic situation. After all, who would want to have two or three children in a rented home?
