7 ms·
Resident of Amsterdam here, any policy the city is going to come up with is realistically speaking only re-arranging the deck chairs on the Titanic at this poin
by avar 8y ago
Resident of Amsterdam here, any policy the city is going to come up with is realistically speaking only re-arranging the deck chairs on the Titanic at this point. Some systemic issues:
1) Building new & building up is mostly politically impossible. A large part of the city is effectively a historic open-air museum. Supply is always going to be squeezed.
2) The rent controlled market is huge in The Netherlands and disproportionately big in Amsterdam compared to the rest of the country.
This puts off #1 because low-income people have an out, but squeezes prices on the middle and upper-end, and creates generational special-interests groups (there's decade-long waiting periods, people pass off such properties to immediate family etc.).
Most of the profit construction companies make on (highly regulated) new construction is reportedly on the relatively small proportion of apartments they're allowed to sell for a high price on the free market. The rest is on the mandatory public housing market from day one.
3) A further squeeze on non-rent controlled properties is created because some of those only escape that "market" by having a bunch of "points" that are calculated as a function of size, amenities etc.: [A] & [B].
This creates all sorts of absurd situations. E.g. having a sink on some random wall in the middle of a bedroom purely because it (along with other crazy point hacking) brought the property just over the point limit.
4) (Re-)zoning of properties that do exist is relatively restricted and centrally micro-managed.
5) Interest rates have been dropping for years, leading to inflated property prices. It's relatively easy to get sub-2% loans, even as low as 1.5%.
A. https://nl.wikipedia.org/wiki/Woningwaarderingsstelsel#Punten https://nl.wikipedia.org/wiki/Woningwaarderingsstelsel#Punte...
B. https://www.huurcommissie.nl/fileadmin/afbeeldingen/Downloads/Handleidingen/Beleidsboek_zelfstandige_woonruimte_versie_1_oktober_2016.pdf https://www.huurcommissie.nl/fileadmin/afbeeldingen/Download...
- standardUser 8y agoIs housing in Amsterdam that problematic? A friend recently moved there and would send me photos of places he was looking at for him and his family. He had plenty of really nice options at costs they could afford. It seemed vastly more affordable than NYC or the Bay Area.
- mettamage 8y agoNothing is problematic here if you have a 100k dollar salary. For the rest of us, yes it is.
- onlyrealcuzzo 8y agoJust because something is more affordable than the two most expensive housing markets in the world doesn't make it affordable. Yes, by Bay standards, Amsterdam is not bad (especially for rent). It's still bad for virtually everyone in Amsterdam who isn't on rent control.
- dave5104 8y agoOn the (sad) bright side of living in the Bay for awhile, if you ever move anywhere else, housing will probably all look like a bargain!
- Mirioron 8y agoYou'll probably also take a massive paycut.
- dave5104 8y agoFor sure. I haven't done any research, but I'm sure there are some areas, though, where the % pay cut is less than the % reduction in housing costs, though.
- mixedCase 8y agoIf you do know of such a place, please post it. When I do the math SF always comes out on top.
- Fins 8y agoI have much more money left over in Austin than I did in San Jose (and living in a 4bd house instead of a crappy SJ 2bd apartment) despite a COLA adjustment from the company... And by the looks of it I could get the pay back up here anyway if I can be bothered to drive to the office of some local company. Purely personal anecdata, of course, but it does work for me, and the quality of life is (for me, anyway) much higher.
- rbanffy 8y agoWouldn't this drive up demand for public transportation and construction in neighboring cities? I live in Dublin (the one in Ireland) and my commute is about half an hour by tram. Prices are ridiculous in the center, but where I live they are much more reasonable.