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Doesn't change the fact that not being able to buy housing when young (whether detached homes or apartments) in the west is not a function of these countries be
by ido 6y ago
Doesn't change the fact that not being able to buy housing when young (whether detached homes or apartments) in the west is not a function of these countries becoming poorer but of low interest rates & municipal politics driving up housing prices.
- EGreg 6y agoWhat about the population? At the end of the day, prices rise due to demand (and gentrification, or even more extreme, billionaires parking their $ in US real estate and not even living there). There is lots of cheap housing in the USA, but no one wants to live there. Someone should start a tech hub in Detroit’s abandoned housing regions, it’s a bargain.
- dakna 6y agoSomeone already did. > Daniel Gilbert (born January 17, 1962) is an American billionaire businessman, investor, and philanthropist. He is the cofounder of Quicken Loans and founder of Rock Ventures.[3] Downtown, but to a larger extend Midtown and Corktown changed a lot. People want to live there again.