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I also live in the Netherlands. I am starting to believe there is something a bit more nefarious at play here. Anyone who is in power owns a house. Anyone who
by adflux 6y ago
I also live in the Netherlands. I am starting to believe there is something a bit more nefarious at play here.
Anyone who is in power owns a house. Anyone who owns a house profits from house prices increasing. Who benefits if house prices go down? A select few, who are currently unable to buy a house. There is little incentive to actually start building affordable housing. Actually, most people who already own house(s) are probably very happy with the way the market is currently working.
- bojan 6y agoAs a house owner in the NL, yes, it is comfortable to know that if I ever need to, I have room to increase my mortgage or sell my house at the considerable win. But then what? I still need to live somewhere, and the rest of the houses are also getting more expensive. And in any case, some of my taxes are based on the value of my house - meaning, they are increasing every year. The only people really benefiting from this are people owning multiple houses with the purpose of renting them.
- edejong 6y agoThe nefarious thing is that nobody wants currency, markets are over priced and investors need collateral. So, they go to the banks who in turn sell outrageous mortgages to home owners.