21–25 of 25 posts
[1] https://web.archive.org/web/20220709051432/https://www.money...
Cheap areas farther from downtown are actually pretty cheap.
Yes. In Spain buying is almost impossible unless it's a couple and both have been saving for a decade. Renting is no different. Prices increase around 20% in my city every year. People used to share in their early twenties but now they are forced to do it in their thirties too. I even know people in their 40s who have to move back with their parents after a breakup because with their salaries they can't afford to ren…
Having lived recently in Denmark, UK, and Spain, I think these 3 and most other EU countries are experiencing the same issue. Well-paid jobs are concentrated in a few regions where real estate prices have skyrocketed. It sucks big time. You may struggle to rent or buy small properties even with a highly-paid IT job.
We have no coherent strategy for how to increase the number of housing on a national level. To be fair, CA has removed quite a bit of local zoning control because the housing crisis is so acute.