The Ups and Downs of Mexico's Real Estate Housing Model
Mexico's housing model since 2000 has proven profitable for real estate sectors but posed societal challenges for mortgage holders. With high-interest rates and homes located in distant, underdeveloped areas, many regret their investment.
Mexico's massive housing construction model, initiated in 2000, offers a compelling case study in the juxtaposition of economic gain against social ramifications. For real estate moguls and public funds, the financial benefits have been vast. However, this model has exhibited a parallel decline in the societal realm, primarily affecting those securing mortgages.
A Dual-Faceted Story
This phenomenon was elucidated by Luis Alberto Salinas Arreortua, a researcher at UNAM's Institute of Geography. He stressed the need to view housing not merely as a commodity, but to prioritize its use value over its exchange value.