Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Priced out of home ownership

bbc.co.uk

Post reply on HN
Print view View original

71–80 of 1001 posts

Re: Priced out of home ownership

#71

Post by moffkalast »

prox wrote: post #62
holoduke wrote: post #60

Same here in the Netherlands. I currently rent a 130m3 house for 2500 euros. 500 energy. 2500 euros daycare (4 kids). I think I spend around 6000, 7000 euros after taxes on fixed costs. I wont complain. My life is good, but for most peope here impossible to pay those amounts. Result is that lots of my friends with "normal" jobs end up living in small apartments far outside the cities or even move to a completely diff…

Why is this happening everywhere right now? On Reddit I see this in so many places (US, UK, Europe, not sure about Asia)

I recall a thread from someone from South America in the Slovenia subreddit, where they said they wanted to move to Europe because it's impossible to afford a home where they currently live. The response was basically "yeah, welcome to the club pal".

It's definitely a global issue, rising population mixed with late stage capitalism.

Re: Priced out of home ownership

#72

Post by JKCalhoun »

jeffbee wrote: post #59

None of the measures mentioned in the article — lower interest rates, lower transaction fees, down payment subsidies — will lower costs. Every one of them will raise prices. You can only fix this with supply: build homes.

They're building constantly here in Omaha, Nebraska.

Affordable though? Apparently not. I mean if you have a lot for development are you going to build a $200K home or a $600K one on that lot?

Re: Priced out of home ownership

#73

Post by factorialboy »

prox wrote: post #62
holoduke wrote: post #60

Same here in the Netherlands. I currently rent a 130m3 house for 2500 euros. 500 energy. 2500 euros daycare (4 kids). I think I spend around 6000, 7000 euros after taxes on fixed costs. I wont complain. My life is good, but for most peope here impossible to pay those amounts. Result is that lots of my friends with "normal" jobs end up living in small apartments far outside the cities or even move to a completely diff…

Why is this happening everywhere right now? On Reddit I see this in so many places (US, UK, Europe, not sure about Asia)

In brief, too many USD printed since 2008 (especially the Covid money printer), that percolated into certain jobs/professions – and lead to highly inflated asset prices.

These things are worth what they always were, FIAT currencies have lost value.

Re: Priced out of home ownership

#75

Post by BenFranklin100 »

Younger people need to join the YIMBY movement in droves. Your economic future depends on removing the crushing restrictions on building new homes, especially homes in high wage cities. The older Boomer generation will never change its NIMBY views. Never.

Re: Priced out of home ownership

#77

Post by jncfhnb »

BenFranklin100 wrote: post #75

Younger people need to join the YIMBY movement in droves. Your economic future depends on removing the crushing restrictions on building new homes, especially homes in high wage cities. The older Boomer generation will never change its NIMBY views. Never.

They will die though

Re: Priced out of home ownership

#78

Post by moffkalast »

jeffbee wrote: post #59

None of the measures mentioned in the article — lower interest rates, lower transaction fees, down payment subsidies — will lower costs. Every one of them will raise prices. You can only fix this with supply: build homes.

Doesn't work, China built entire ghost cities and they were all bought up by investment firms and the prices remained sky high.

We need laws against corporate ownership of residential housing, simple as.

Re: Priced out of home ownership

#79

Post by littlecranky67 »

prox wrote: post #62
holoduke wrote: post #60

Same here in the Netherlands. I currently rent a 130m3 house for 2500 euros. 500 energy. 2500 euros daycare (4 kids). I think I spend around 6000, 7000 euros after taxes on fixed costs. I wont complain. My life is good, but for most peope here impossible to pay those amounts. Result is that lots of my friends with "normal" jobs end up living in small apartments far outside the cities or even move to a completely diff…

Why is this happening everywhere right now? On Reddit I see this in so many places (US, UK, Europe, not sure about Asia)

Situation in Europe is often reported in misleading ways. Everybody calls it "housing crisis" - but we do not have millions of homeless roaming the street. It is actually a "moving crisis" - people want to move to nicer places but can't afford it. I.e. here in Germany, we have close to 1M perfectly habitable empty flats/houses - but they are in rural areas or the countryside. Indeed there is high demand for urban areas and cities, at the same time rural villages struggle to find and retain their population because everybody (especially younger people) move to the city. You might have heard of those italian villages offering houses for 1€, just to attract families and keep those villages alive.

Re: Priced out of home ownership

#80

Post by TriangleEdge »

prox wrote: post #62
holoduke wrote: post #60

Same here in the Netherlands. I currently rent a 130m3 house for 2500 euros. 500 energy. 2500 euros daycare (4 kids). I think I spend around 6000, 7000 euros after taxes on fixed costs. I wont complain. My life is good, but for most peope here impossible to pay those amounts. Result is that lots of my friends with "normal" jobs end up living in small apartments far outside the cities or even move to a completely diff…

Why is this happening everywhere right now? On Reddit I see this in so many places (US, UK, Europe, not sure about Asia)

Canada has had a "housing crisis" for 15 years now. The main campaigning ground of the opposition are issues with housing.
Post reply on HN