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> Stockholm suffers from extreme housing shortage. Is that much worse than Silicon Valley (legitimately curious, I've never looked into the housing situation i

by ilyanep 11y ago

> Stockholm suffers from extreme housing shortage. Is that much worse than Silicon Valley (legitimately curious, I've never looked into the housing situation in Stockholm)? 1brs go for nearly $3k (if not more) in many of the more populated parts of the peninsula and SF.

Swizec 11y ago
A 1-bedroom for $3k inside SF is a steal. Median rent for a 1-bedroom in SF hit $3600 in October -> http://sf.curbed.com/archives/2015/10/09/the_median_rent_for_an_sf_twobedroom_hits_5000month.php http://sf.curbed.com/archives/2015/10/09/the_median_rent_for...
- rohansingh 11y ago
  You can't really do a straight up comparison like that. The median salary for a software engineer in Stockholm is somewhere around $50K or $60K. Based on that, the rent situation in Stockholm is quite dire, and availability is atrocious.
BurningFrog 11y ago
Rents aren't that bad. But you have to wait for 1-2 decades to get an apartment, due to the special Swedish brand of rent control. So you have to buy. Which is very expensive. Not sure how it compares to SF very expensive.
- gozo 11y ago
  While I don't think Stockholm can "afford" the state of its housing market, renting a sublet is quite comparable to the rest of the world. It's just that people expect more, including myself. For some reason the swedes think it's a good idea to have insanely long mortgage terms, if they don't just pay interest. Prices in Stockholm proper is around $950 per square feet, which I guess is comparable to SF [0]. [0] http://www.maklarstatistik.se/ http://www.maklarstatistik.se/ [0] https://www.google.com.mt/search?q=86304+sek+per+square+meters+in+usd+per+square+feet https://www.google.com.mt/search?q=86304+sek+per+square+mete... [0] http://my.paragon-re.com/Docs/General/SixtyFortyImages/Avg-DolSqFt_SFD-vs-Condo_Q-1-2008_to-Present.jpg http://my.paragon-re.com/Docs/General/SixtyFortyImages/Avg-D...
ountacc 11y ago
You also have to compare the cities, let us say they are on equal terms in housing shortage. Stockholm is piss dark and cold 8 month a year, in Silicon Valley not so much right? All the big boys are in SV and you earn more and pay less in taxes. You also get other perks from living in the USA. So you are a talented guy, Stockholm or SV? The choice is obvious, SV. So I don't see the point in trying to fight for a place to stay in Stockholm when you can go somewhere else better. Not only that, just the last 5 years have done much harm to the housing in Stockholm due to mass immigration and now immigration peaks at 2000 people per day so expect it to get even worse.

by ilyanep 11y ago

Swizec 11y ago

A 1-bedroom for $3k inside SF is a steal. Median rent for a 1-bedroom in SF hit $3600 in October -> http://sf.curbed.com/archives/2015/10/09/the_median_rent_for_an_sf_twobedroom_hits_5000month.php http://sf.curbed.com/archives/2015/10/09/the_median_rent_for...

rohansingh 11y ago
You can't really do a straight up comparison like that. The median salary for a software engineer in Stockholm is somewhere around $50K or $60K. Based on that, the rent situation in Stockholm is quite dire, and availability is atrocious.

BurningFrog 11y ago

Rents aren't that bad. But you have to wait for 1-2 decades to get an apartment, due to the special Swedish brand of rent control. So you have to buy. Which is very expensive. Not sure how it compares to SF very expensive.

gozo 11y ago
While I don't think Stockholm can "afford" the state of its housing market, renting a sublet is quite comparable to the rest of the world. It's just that people expect more, including myself. For some reason the swedes think it's a good idea to have insanely long mortgage terms, if they don't just pay interest. Prices in Stockholm proper is around $950 per square feet, which I guess is comparable to SF [0]. [0] http://www.maklarstatistik.se/ http://www.maklarstatistik.se/ [0] https://www.google.com.mt/search?q=86304+sek+per+square+meters+in+usd+per+square+feet https://www.google.com.mt/search?q=86304+sek+per+square+mete... [0] http://my.paragon-re.com/Docs/General/SixtyFortyImages/Avg-DolSqFt_SFD-vs-Condo_Q-1-2008_to-Present.jpg http://my.paragon-re.com/Docs/General/SixtyFortyImages/Avg-D...

ountacc 11y ago

You also have to compare the cities, let us say they are on equal terms in housing shortage. Stockholm is piss dark and cold 8 month a year, in Silicon Valley not so much right? All the big boys are in SV and you earn more and pay less in taxes. You also get other perks from living in the USA. So you are a talented guy, Stockholm or SV? The choice is obvious, SV. So I don't see the point in trying to fight for a place to stay in Stockholm when you can go somewhere else better. Not only that, just the last 5 years have done much harm to the housing in Stockholm due to mass immigration and now immigration peaks at 2000 people per day so expect it to get even worse.