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I am not sure the US is overvaluing US talent, I am undecided there... The average salary of a millenial is $47k a year, average millennial household makes $71

by bwb 5y ago

I am not sure the US is overvaluing US talent, I am undecided there... The average salary of a millenial is $47k a year, average millennial household makes $71k. The average mortgage payment in the USA is $1,487 ($18k over a year). So 25% to 38% of salary right? I think I did that right but feel free to clarify. Seems doable right? I think the USA is a mess, especially for millennials but when you look at the housing market in Europe for average salaries we are doing really well overall: https://www.statista.com/statistics/237529/price-to-income-ratio-of-housing-worldwide/ https://www.statista.com/statistics/237529/price-to-income-r... Very few people immigrate from anywhere. It is very hard. I don't think people leave because of corruption, my point being they have higher levels than the USA: https://www.transparency.org/en/cpi/2020/index/nzl https://www.transparency.org/en/cpi/2020/index/nzl

valzam 5y ago
I think it's really difficult to compare all of these statistics. Take Germany: It is very normal to rent your whole life, especially in big cities. Renter laws are very strong. House ownership is higher in rich, rural parts of the country (think south of Munich), so this skews the average house price. Also the quality floor is much higher than in the US, pushing up average prices. $20k trailer park homes simply do not exist in Germany.