3 ms·
I'm slightly annoyed with all the UK examples. This is about the Netherlands. The Dutch housing bubble consists of 4 factors: - interest rate on mortgages has
by ralfn 5y ago
I'm slightly annoyed with all the UK examples. This is about the Netherlands.
The Dutch housing bubble consists of 4 factors:
- interest rate on mortgages has been tax deductible
- new developments are limited due to environmental considerations
- it's the safest "on the books" wealth storage in all of Europe (it has been a good investment since the 16th century)
- the Netherlands outclasses it's direct neighbours in quality of life and urbanisation. It's #1 best location in the world to raise children. This leads to many many people wanting to move to the Netherlands. They are not coming for the jobs or our great personalities (sarcasm) they come for the nice living conditions, the great bicycle and public transit infrastructure. The great roads. The good education. The livability of our towns and cities. And we can't really scale it up further. It's all of the country already. You can be in the middle of nowhere in Frisia and jump on a lightrail or see a proper safe bike detour due to some new construction. From small suburbia to big inner cities. We really need Germany, Belgium and Denmark to step their game up. Release some of the pressure. (PS. Denmark is actually stepping up and will get there soon)