4 ms·
It always surprises me these kind of calculations. When one earns minimum wage or a bit above that, concerns are paying the rent, the bills, food. But when one
by tkiolp4 5y ago
It always surprises me these kind of calculations. When one earns minimum wage or a bit above that, concerns are paying the rent, the bills, food. But when one earns enough to be comfortable paying all of that, one should be a bit worried regarding the topic of living by renting instead of buying a property. Earning 3K euro per month means you probably can afford a mortgage but you will be paying it for 30 years… that makes me sad. My main point is: Not even “good” salaries such as 3K euro are enough to afford a decent house in Europe without having to pay it for 30 years.
- odshoifsdhfs 5y agoYou can probably buy something, and not even spend 30 years paying it. I am looking at an apartment right now for 169 that I think they will accept 150k. Assuming no downpayment (banks won't allow it but easier to do math), I could pay the same as rent and have it payed of in 15 years (about 900 a month). But in general, no, housing market is out of reach even for the middle class and sometimes middle-upper class here (and other places in Europe). But that is what happens when money making machine goes brrrrrr, inflation goes to 5% and the likes, and the central banks still keep interest rates close to zero. Rich will get richer, and the poor, well, fuck them right? /s