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Yes of course. A 100k€ annual salary won't let you retire early if you are the only one working in your family and you want to buy a nice house in a nice area o
by fxtentacle 4y ago
Yes of course. A 100k€ annual salary won't let you retire early if you are the only one working in your family and you want to buy a nice house in a nice area of the city.
But then again, would that work out if you were to work in San Francisco for $200k annually?
- throwaway908365 4y agoThink about it this way: I am in the top earning 2%. It is only possible to buy such a home if you have a partner, who makes similiar numbers and then together decide to dedicate your life to it. The 98% of the rest cannot do it. Ergo I am either not earning enough or we have to accept, that you cannot really buy property within a top-tier city in Germany. In the end the whole debate turns into young vs. old and heritage vs. salary.
- fxtentacle 4y agoBut would the situation be better in the US where you might get 2x the salary but rent and housing prices are also 2x the German level?
- ddorian43 4y agoUS is generally cheaper to buy a house based on income. Too lazy to google the graph.