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It's def. a cultural thing here in Norway. People are very much entrenched in the "Renting is money out the window" ideology, which gets repeated ad nauseam fr
by TrackerFF 7y ago
It's def. a cultural thing here in Norway.
People are very much entrenched in the "Renting is money out the window" ideology, which gets repeated ad nauseam from you're old enough to move out.
Home ownership is also one of the big adulthood milestones here, because there's so much responsibility involved.
But I think the main (current) driver is ever growing cities, along with the ever growing housing prices. We've experienced a ton of centralization for the past decades, but it is especially now that people are starting to feel the heat of exploding rents and housing prices. FOMO is very real.
We also don't move that much around. Most people move away for college / university, then to a city or two for work - usually settling down fairly quick.
- ghaff 7y agoI assume the US is relatively more mobile. Also, the bigger US metros are quite large. Even if you limit yourself to individual metro areas like the Bay Area, DC, etc. a change in job could easily add 90 minutes to a commute even if you don't move to a new city. To be clear, home ownership is often an adult milestone in the US as well. But, anecdotally, it's not something a lot of people really pursue for the first decade or so out of school--especially if they haven't gotten married.