[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/www.zerba.cz\/hypotecni-bublina\/#Article","mainEntityOfPage":"https:\/\/www.zerba.cz\/hypotecni-bublina\/","headline":"Hypote\u010dn\u00ed bublina","name":"Hypote\u010dn\u00ed bublina","description":"Hypote\u010dn\u00ed bublina zahaluje l\u00e9ta okolo roku 2008 temnou mlhou n\u011b\u010deho nezn\u00e1m\u00e9ho a stra\u0161ideln\u00e9ho, co st\u00e1lo na po\u010d\u00e1tku v\u0161ech na\u0161ich probl\u00e9m\u016f. Dokud se ale do t\u00e9to mlhy nepono\u0159\u00edme, a nepochop\u00edme mechanismus, na jak\u00e9m tato bublina funguje, vystavujeme se riziku, \u017ee se na\u0161e probl\u00e9my jednou vr\u00e1t\u00ed. &nbsp; Co to je? Co to vlastn\u011b ta hypote\u010dn\u00ed bublina je? &hellip;<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/www.zerba.cz\/hypotecni-bublina\/\"> <span class=\"screen-reader-text\">Hypote\u010dn\u00ed bublina<\/span> Pokra\u010dovat ve \u010dten\u00ed &raquo;<\/a><\/p>","datePublished":"2017-09-09","dateModified":"2023-04-29","author":{"@type":"Person","@id":"https:\/\/www.zerba.cz\/author\/devene\/#Person","name":"devene","url":"https:\/\/www.zerba.cz\/author\/devene\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/30f99868bdc637a3107fd3940cfc0bc4?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/30f99868bdc637a3107fd3940cfc0bc4?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"zerba.cz","logo":{"@type":"ImageObject","@id":"\/logo.png","url":"\/logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/zerba.cz\/wp-content\/uploads\/img_a300079_w1990_t1510212641.jpg","url":"https:\/\/zerba.cz\/wp-content\/uploads\/img_a300079_w1990_t1510212641.jpg","height":"","width":""},"url":"https:\/\/www.zerba.cz\/hypotecni-bublina\/","about":["Hypot\u00e9ky"],"wordCount":725,"articleBody":"\tHypote\u010dn\u00ed bublina zahaluje l\u00e9ta okolo roku 2008 temnou mlhou n\u011b\u010deho nezn\u00e1m\u00e9ho a stra\u0161ideln\u00e9ho, co st\u00e1lo na po\u010d\u00e1tku v\u0161ech na\u0161ich probl\u00e9m\u016f. Dokud se ale do t\u00e9to mlhy nepono\u0159\u00edme, a nepochop\u00edme mechanismus, na jak\u00e9m tato bublina funguje, vystavujeme se riziku, \u017ee se na\u0161e probl\u00e9my jednou vr\u00e1t\u00ed.\t&nbsp;\tCo to je?Co to vlastn\u011b ta hypote\u010dn\u00ed bublina je? Hypote\u010dn\u00ed bublina m\u016f\u017ee vzniknout na glob\u00e1ln\u00ed \u010di lok\u00e1ln\u00ed \u00farovni, ale princip je v\u017edy stejn\u00fd. Na po\u010d\u00e1tku obvykle stoj\u00ed n\u011bjak\u00fd jev, kter\u00fd zp\u016fsob\u00ed zv\u00fd\u0161en\u00fd z\u00e1jem o hypot\u00e9ky. M\u016f\u017ee se jednat o n\u00edzk\u00e9 \u00farokov\u00e9 sazby, spekulace na trhu s&nbsp;realitami, \u010di p\u0159\u00edznivou da\u0148ovou politiku. Banky a hypote\u010dn\u00ed spole\u010dnosti na popt\u00e1vku reaguj\u00ed sout\u011b\u017een\u00edm mezi sebou, st\u00e1le ni\u017e\u0161\u00edmi \u00farokov\u00fdmi sazbami a v\u011bt\u0161\u00edm objemem poskytnut\u00fdch hypot\u00e9k. Ve v\u00fdsledku tak na hypot\u00e9ku dos\u00e1hnou i \u017eadatel\u00e9, kte\u0159\u00ed by norm\u00e1ln\u011b s\u00edtem podm\u00ednek nepro\u0161li.&nbsp; Banky a hypote\u010dn\u00ed spole\u010dnosti si tyto nestabiln\u00ed \u00fav\u011bry ve velk\u00e9m p\u0159edprod\u00e1vaj\u00ed mezi sebou, a to ani\u017e by se d\u016fkladn\u011b zab\u00fdvaly t\u00edm, na jakou hodnotu nemovitosti byl \u00fav\u011br re\u00e1ln\u011b uzav\u0159en, a zda je dlu\u017en\u00edk \u00fav\u011br schopen re\u00e1ln\u011b spl\u00e1cet. Doch\u00e1z\u00ed k&nbsp;navy\u0161ov\u00e1n\u00ed spekulativn\u00ed hodnoty dom\u016f v oblasti a\u017e do chv\u00edle, kdy jsou tyto ceny zcela odtr\u017een\u00e9 od re\u00e1ln\u00fdch hodnot. V&nbsp;jist\u00fd moment tak dojde k&nbsp;tomu, \u017ee spekulativn\u00ed ceny nemovitost\u00ed jsou na hony vzd\u00e1len\u00e9 p\u0159\u00edjm\u016fm, n\u00e1jm\u016fm v&nbsp;oblasti a dal\u0161\u00edm faktor\u016fm. Doch\u00e1z\u00ed k&nbsp;prudk\u00e9mu poklesu cen dom\u016f, a hypote\u010dn\u00ed bublina prask\u00e1.&nbsp;\tPraskl\u00e1 bublinaVe chv\u00edli, kdy bublina praskne, zjist\u00ed mnoho lid\u00ed, \u017ee vlivem spekulac\u00ed se ocitli v&nbsp;situaci, kdy hodnota jejich domu je ni\u017e\u0161\u00ed ne\u017e v\u00fd\u0161e jejich hypot\u00e9ky. Tedy, i ve chv\u00edli, kdy ztrat\u00ed d\u016fm ve prosp\u011bch banky, st\u00e1le zde z\u016fst\u00e1v\u00e1 dluh, vznikl\u00fd rozd\u00edlem mezi spekulativn\u00ed a re\u00e1lnou hodnotou domu. Vzhledem k&nbsp;tomu, \u017ee drtiv\u00e1 v\u011bt\u0161ina m\u00e9n\u011b solventn\u00edch dlu\u017en\u00edk\u016f ru\u010d\u00ed za hypot\u00e9ku svou vlastn\u00ed nemovitost\u00ed, tak z\u016fst\u00e1vaj\u00ed dlu\u017en\u00edci bez st\u0159echy nad hlavou, s&nbsp;ob\u0159\u00edm dluhem, a tak\u00e9 s&nbsp;p\u0159\u00edjmy, s&nbsp;nimi\u017e nemaj\u00ed \u0161anci ani zaplatit \u00faroky z&nbsp;hypot\u00e9k, t\u00edm m\u00e9n\u011b samotnou jistinu. Jeliko\u017e dlu\u017en\u00edci nejsou schopni sv\u00e9 z\u00e1vazky spl\u00e1cet, ztr\u00e1cej\u00ed \u00fav\u011bry pro banky hodnotu, a tyto se rychle ocitaj\u00ed ve finan\u010dn\u00edch probl\u00e9mech. Jejich jedinou nad\u011bj\u00ed je bankrot, pop\u0159\u00edpad\u011b finan\u010dn\u00ed pomoc od vl\u00e1d doty\u010dn\u00fdch zem\u00ed. Jakmile jsou v&nbsp;pot\u00ed\u017e\u00edch banky, dost\u00e1vaj\u00ed se do probl\u00e9m\u016f i podniky, a spir\u00e1la se rozt\u00e1\u010d\u00ed. V&nbsp;d\u016fsledku pot\u00ed\u017e\u00ed firmy za\u010d\u00ednaj\u00ed propou\u0161t\u011bt zam\u011bstnance, a t\u00edm se zvy\u0161uje mno\u017estv\u00ed dlu\u017en\u00edk\u016f neschopn\u00fdch spl\u00e1cet sv\u00e9 z\u00e1vazky. Kruh se uzav\u00edr\u00e1.&nbsp;\tJak se br\u00e1nitMechanismus vzniku hypote\u010dn\u00edch bublin z\u00e1rove\u0148 nab\u00edz\u00ed i recept na to, jak jejich vzniku alespo\u0148 \u010d\u00e1ste\u010dn\u011b zabr\u00e1nit. V&nbsp;prvn\u00ed \u0159ad\u011b le\u017e\u00ed zodpov\u011bdnost na samotn\u00fdch bank\u00e1ch a hypote\u010dn\u00edch \u00fastavech. Ty by se m\u011bly v&nbsp;prvn\u00ed \u0159ad\u011b dr\u017eet vlastn\u00edch z\u00e1sad, a ov\u011b\u0159ovat solventnost klient\u016f je\u0161t\u011b p\u0159ed poskytnut\u00edm \u00fav\u011bru. Stejn\u00e1 m\u00edra zodpov\u011bdnosti le\u017e\u00ed i na n\u00e1s samotn\u00fdch. Jakkoli je touha po vlastn\u00edm bydlen\u00ed pochopiteln\u00e1, dosp\u011bl\u00fd \u010dlov\u011bk by m\u011bl b\u00fdt schopen re\u00e1ln\u011b posoudit sv\u00e9 finan\u010dn\u00ed mo\u017enosti. Hypot\u00e9ka je z\u00e1vazek, a pakli\u017ee si nejsme jisti, \u017ee budeme schopni sv\u00e9 z\u00e1vazky plnit, nem\u011bli bychom se do nich rad\u011bji v\u016fbec pou\u0161t\u011bt.&nbsp;&nbsp;&nbsp;Hypote\u010dn\u00ed krize n\u00e1m tak tak\u00e9 uk\u00e1zala, jak z\u00e1va\u017en\u00ed mezery m\u00e1 na\u0161e finan\u010dn\u00ed vzd\u011bl\u00e1v\u00e1n\u00ed, kdy\u017e st\u00e1le mnoho dosp\u011bl\u00fdch nen\u00ed schopno re\u00e1ln\u011b odhadnout sv\u00e9 finan\u010dn\u00ed mo\u017enosti.                                                                                                                                                                                                                                                                                                                                                                                                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