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Economist: DV-drip is not the best way to invest in a crisis
Residents of the Far Eastern Federal District have already filed 22,2 thousand applications for a “Far Eastern mortgage”. According to the Agency for the Development of Human Capital in the Far East, mortgage market experts predict a slight increase in interest in buying real estate at a reduced rate amid changes in the economy due to coronavirus and falling oil prices. However, the economist does not advise using this product for investment in the current environment.
“The Far Eastern mortgage is a program for the benefit of the buyer, because the percentage is lower than the key rate of the Central Bank. But we live in a time when the situation is changing rapidly, and from the point of view of investments, for example, to buy a second apartment, I would not recommend joining this program. In times of crisis, it’s better to have some kind of cash reserve, real money on hand, ”said Tuyara Gavrilyeva, Doctor of Economics, EastRussia Doctor of Economics, research professor at Northeastern Federal University.
In her opinion, there are so far no special signals that the banking system in Russia will not withstand the crisis. But the state will primarily save banking institutions and savings, so the economist recommends for individuals to have a reasonable diversification of their portfolio of personal assets - keep cash on hand, keep money in accounts and in different currencies.
meanwhile, the majority of Russians have no savings and approached the crisis without savings. And those who have will spend their money within six months if they remain without work. Many in Russia do not save money, because they are not enough even until the next salary.