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>prospect of owning an apartment is more than a fantasy which european country would that be? owning property is out of reach for most europeans because the hi
by kybernetyk 6y ago
>prospect of owning an apartment is more than a fantasy
which european country would that be? owning property is out of reach for most europeans because the high tax and social burden make it pretty much impossible to save up for a house
- franga2000 6y agoTaxes are hardly the issue, it's the fact that in high-density and high-income areas, there simply isn't enough supply for the demand. I'm from Slovenia and, ignoring the capital, which has a huge housing shortage (not much room for the city to expand), it's still quite common for people to own apartments. It's definitely decreasing, like everywhere in the world, but not unheard of. I also never said anything about a house - that's a completely different story. From what I've heard, normal apartments basically don't exist in big tech centres in the US. You either get an expensive moldy hole in the wall or a huge new development that even a C-level will have a hard time getting a loan for. Again, all of this is just from my perspective with the parameters that I care about. I know it works for many people, but the US really just isn't for me.
- kybernetyk 6y ago>Taxes are hardly the issue When your marginal tax rate rises to roughly 40% once you earn 50k Euros I'd say it is an issue. And that's only direct taxation.