My interview in Curierul National

While the crisis is deepens every week, a very dynamic journalist from Curierul National newspaper asked my opinion for many topics. You can find the link of the online edition here http://curierulnational.ro/primaPagina/2009-03-11 and you can easily locate me and read the interview in Romanian language.
For the ones of you who don’t know Romanian, I will upload tomorrow the English translation of the interview. Today I would just like to spotlight a paragraph, which in my opinion is very important, even more than my opinions and predictions for the market:

… “The real estate market standstill may be an opportunity for the sector representatives to be able to adequately adjust their economic behaviour and eliminate the harmful practices having led to the current consequences. This is also the opinion of Ilias Papageorgiadis. “The crisis is painful, but necessary. It doesn’t only have negative effects for Romania, but also advantages. It is good for Romanians with good jobs, as with a well-paid job, one can currently buy a house for a lower price, turning a wish into reality by healthily accessing a credit, with no over-indebtedness”, Papageorgiadis explained.
On the other hand, those who prefer renting will also benefit from better apartments for reasonable prices. “Many rents will go down. It is a bad thing for speculators, but good for the society, as a whole. In the end, we are here to serve the 22 million people living in Romania. They have to be our priority, not the speculative capital. I may seem idealistic, but it is my opinion”, the More International director also added.”…