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Not to burst your Amsterdam bubble, but you basically have to be a millionaire to be able to buy a house there right now. House prices have been rising like cra
by FriedrichN 5y ago
Not to burst your Amsterdam bubble, but you basically have to be a millionaire to be able to buy a house there right now. House prices have been rising like crazy in the Netherlands and Amsterdam in particular. Amsterdam is now for the elite, basically the point the article is complaining about.
- Kaibeezy 5y agoOK, but every single other town of any size in the Netherlands has an area comparable in walkability to Amsterdam. Maybe there’s no famous museum and not the same energy level, but you can hop on the train and go get it. It’s called the “bid rent curve”, and almost every satellite town of a big European city can be a local spike where there’s urban density around the train station. Americans don’t really have trains, thus screwed.
- CalRobert 5y agoSadly true, after watching NotJustBike's video on Halloween I looked up Apollobuurt and it looks like places are a million or so (still cheaper than SF, at least!) A second-tier city like Utrecht, etc. is more likely. Or just staying put because $currenthouse is paid off and that's awfully nice.
- onlyrealcuzzo 5y agoAmsterdam house prices are high - but interest rates are negative - and you can get very low down payment loans. You just have to have faith that the Dutch government will continue to distort the market further and further. Most people on here could probably get a loan to buy an apartment in Amsterdam or a modest house not even that far outside of the city (which is still super bike-able and walkable).