3 ms·

Poor people are screwed up regardless -- if rates are high, they can't afford payments, if rates are low, prices rise and they still can't afford payments. Not

Poor people are screwed up regardless -- if rates are high, they can't afford payments, if rates are low, prices rise and they still can't afford payments. Not to mention getting downpayment. Workaround: don't be poor.

dsfyu404ed 7y ago
The down payment is the hardest part. "Just barely able to make payments" people are better off when rates are high because that depresses prices resulting in a lesser dollar amount for whatever the down-payment is.
davidw 7y ago
Do rising prices spur the construction of more homes in Denmark?
- scandinavian 7y ago
  Seems pretty steady: https://i.imgur.com/wF6PCnU.png https://i.imgur.com/wF6PCnU.png 2019 is not over yet, so maybe it's a little higher this year. This is only for "parcelhuse", which wikipedia defines as: "Single-family detached home".
  - davidw 7y ago
    Homes come in a lot of shapes and sizes though - in Italy where I lived for a number of years, it's pretty common for people to live in a flat in a 4/6/8/whatever unit building, either as owners or renters. Depending on where demand is, I'd expect more of that sort of thing too, if it's allowed. In the US, it is forbidden to build those kinds of homes in large areas of our cities.
    - scandinavian 7y ago
      https://i.imgur.com/2iCJllW.png https://i.imgur.com/2iCJllW.png Here is the graph for multistorey apartment buildings. I'm not smart enough to interpret what this means. In the big city I live in in Denmark, most new apartment buildings are luxury apartments and expensive as hell, so I don't think they are a result of rising house prices.
      - davidw 7y ago
        In general, new construction is expensive, but if you cut off that supply, people with money just bid up prices on older housing. Looks like the graph kicked up in response to something... that's good, I guess.
aszantu 7y ago
I don't know how to be not poor :| applying for jobs but takes time to get one

dsfyu404ed 7y ago

The down payment is the hardest part. "Just barely able to make payments" people are better off when rates are high because that depresses prices resulting in a lesser dollar amount for whatever the down-payment is.

davidw 7y ago

Do rising prices spur the construction of more homes in Denmark?

scandinavian 7y ago
Seems pretty steady: https://i.imgur.com/wF6PCnU.png https://i.imgur.com/wF6PCnU.png 2019 is not over yet, so maybe it's a little higher this year. This is only for "parcelhuse", which wikipedia defines as: "Single-family detached home".
- davidw 7y ago
  Homes come in a lot of shapes and sizes though - in Italy where I lived for a number of years, it's pretty common for people to live in a flat in a 4/6/8/whatever unit building, either as owners or renters. Depending on where demand is, I'd expect more of that sort of thing too, if it's allowed. In the US, it is forbidden to build those kinds of homes in large areas of our cities.
  - scandinavian 7y ago
    https://i.imgur.com/2iCJllW.png https://i.imgur.com/2iCJllW.png Here is the graph for multistorey apartment buildings. I'm not smart enough to interpret what this means. In the big city I live in in Denmark, most new apartment buildings are luxury apartments and expensive as hell, so I don't think they are a result of rising house prices.
    - davidw 7y ago
      In general, new construction is expensive, but if you cut off that supply, people with money just bid up prices on older housing. Looks like the graph kicked up in response to something... that's good, I guess.

aszantu 7y ago

I don't know how to be not poor :| applying for jobs but takes time to get one