3 ms·

The world is going to need some low-cost energy breakthroughs by 2035 if mere existence is going to be affordable, imagine the cost of living. Housing, food, me

• ChuckNorris89 5y ago
  >I assume Germany/Europe is having or will have the same housing rental/ownership price explosion as USA? Ha, joke's on you. Home ownership in Germany (and most of the developed EU) is far more expensive than in the US when you factor median wages to median real estate prices ratio. Americans complain a lot but real estate there is far more in reach for the average skilled worker than it is in Germany for example. The price per square foot/meter in Munich or Paris is nearly the same as in the Bay Area yet wages here are half to a quarter of that of the US workers. It's insane. Rentals in Germany are more affordable, but that's only if you get a place in the 80 person queue who signed up for the apartment viewing within the first hour since the listing went up online. Apartment hunting in places like Germany or Sweden is a meme on its own.
• iso1631 5y ago
  In England and Wales the median house price was 3.5 times median pre-tax earnings in 1997 By 2007 this had increased to 7.1, then the crash happened. It had bounced back to 7.7 by 2020 and it's well over 8, maybe 8.5 today. A US house is of course far larger. An average European house is about 1000 square foot. An average American bathroom is about that size* * slight hyperbole