81–90 of 153 posts
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Uh... big asterisk here depending on where you live.
Is it? It 'feels' like true for places where most of the population lives.
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You’re there not alone. Almost no new buildings are being built in Munich. Everything in the city remembers Munich Olympic Games in 1972. Dozen new buildings build yearly are a shy rounding error compared to the real need. Rent of 3 room apartment crawls to 2000€ monthly. That’s roughly a salary of a cashier in supermarket or car mechanic. Buying is for riches only. Building does not work because of zoning despite ha…
2000 Euro sounds pretty good on US salary. I might work remote from Munich and snap that up. You could just convert it to a city of international remote workers or something, no need to have cashiers, bus drivers, and stuff like that in the city.
Earlier quoted context omitted.
Uh... big asterisk here depending on where you live.
Is it? It 'feels' like true for places where most of the population lives.
https://www.statista.com/statistics/1100168/single-family-ho... https://www.noradarealestate.com/blog/texas-housing-market/
But across the country the median is more than double from what it was.
When you live in a stable society and have gotten a free education and a nice job, it makes sense to get a loan to buy a place to live and start paying a mortgage instead of debt. Contrast with a society where the average education might be lower, less people having a stable job in a slow labor market, and if you lose your job there is no safety net. Hard to get a loan, so end up renting for longer, and in turn have…
> When you live in a stable society and have gotten a free education and a nice job The education isn't free. It's covered by taxes so you, and everyone else, pays for it for a long time. There's quite an expense to have the instructors, buildings, etc. I'm glad you think the people who haul away garbage, are plumbers, are electricians, etc have nice jobs. Those jobs exist and people do them in those stable societies…
Hopefully it leads to higher income jobs which leads to more taxes paid by the (now) student in the future, leading to more money that can be spent on educating even more people...
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How much new housing is being built there? I'm from slovenia, former yugoslavia, and the situation here is the same, making it practically impossible for an average couple to buy anything here (and we're worrying about the demographics, lol). Back in yugoslav times, government built large apartment building complexes, by basically finding an empty field at the end of the city, saying "this is a city, farms should be…
You’re there not alone. Almost no new buildings are being built in Munich. Everything in the city remembers Munich Olympic Games in 1972. Dozen new buildings build yearly are a shy rounding error compared to the real need. Rent of 3 room apartment crawls to 2000€ monthly. That’s roughly a salary of a cashier in supermarket or car mechanic. Buying is for riches only. Building does not work because of zoning despite ha…
(compared to eg. manhattan or some other locations, where there's literally no more place to build, not even up in some areas)
This is such a non-story, mainly driven by the fact that home ownership in Nordic countries is ubiquitous (80% of Norwegians OWN their primary dwelling) combined with the high medium incomes resulting in those houses being quite expensive. I’d really recommend not trying to draw any deeper conclusions from this data. Edit: by “own” I mean “have a non-paid off mortgage”, the tax on net wealth here actually disincentiv…
> 80% of Norwegians OWN their primary dwelling I see your clarification. Question: In Norway, if you pay-off your mortgage, do you still owe annual taxes on your property? If so, how much? What happens if you don't pay property taxes? One of the things that has always bothered me about home "ownership" is that, from my perspective, at least in the US, you never really own your home. You can pay off your mortgage, of…
... that you pay for the necessary law enforcement, justice, defense, etc.
Why do you expect those to be free?
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2000 Euro sounds pretty good on US salary. I might work remote from Munich and snap that up. You could just convert it to a city of international remote workers or something, no need to have cashiers, bus drivers, and stuff like that in the city.
But why? Why not buy a house in rural USA for much cheaper long-term? Why help raise rent even higher and drive out the locals even more?
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> 80% of Norwegians OWN their primary dwelling I see your clarification. Question: In Norway, if you pay-off your mortgage, do you still owe annual taxes on your property? If so, how much? What happens if you don't pay property taxes? One of the things that has always bothered me about home "ownership" is that, from my perspective, at least in the US, you never really own your home. You can pay off your mortgage, of…
Property owners benefit more from local tax spending than anyone else. Why shouldn't they pay for it? We already subsidize home ownership by quite a bit. We don't need to subsidize it more.
Couldn't you use the same argument to say that poor people should pay more in taxes because they benefit more from it?
Earlier quoted context omitted.
2000 Euro sounds pretty good on US salary. I might work remote from Munich and snap that up. You could just convert it to a city of international remote workers or something, no need to have cashiers, bus drivers, and stuff like that in the city.
But why? Why not buy a house in rural USA for much cheaper long-term? Why help raise rent even higher and drive out the locals even more?
It's my understanding that the northern European countries have very low immigration rates which means that their existing (mostly native) population is entirely responsible for their economic growth. That population grows old and fewer and fewer young people are available to contribute to the state-funded "welfare" to support their parents retired lifestyles. So the debt accrues and the country eventually becomes a…
It depends on the country. Sweden and Norway have a larger share of foreign-born population than the US and the UK. Netherlands is roughly on the same level as the US and the UK, while Denmark and Finland have fewer immigrants.