2 ms·

A 30 year mortgage is pretty typical in the US. How does it work in southern Europe?

• pjmlp 4y ago
  Yeah, now try that living from 1500 euros a month, typical salary in many IT shops.
  • lupire 4y ago
    I'd have to know what a mortgage costs.
    • pjmlp 4y ago
      About 500 euros monthly, depending on the agreement.
      • criddell 4y ago
        Spending 30% of your income on your mortgage is pretty close to what lots of people in the US do. The typical advice is that you shouldn't spend more than 28% of your gross on your mortgage.
        • pjmlp 4y ago
          Except that is much more than 30% for a large set of the population, hence why so many above 30 years old still live by their parents.
          • criddell 4y ago
            So a couple, each earning minimum wage, could afford a mortgage together? That’s not too bad.
            • pjmlp 4y ago
              Better never split up.
  • nerdawson 4y ago
    That’s minimum wage in most countries. Tech salaries are lower in Europe than the US but that has to be exaggeration. Either that or you’re looking in the wrong places.
    • pjmlp 4y ago
      Minimum wage is about 800 euros in Portugal, after taxes. I think to still know enough about my home country.
      • bigDinosaur 4y ago
        I know Portuguese IT workers earning vastly more than that remotely, and I've been honestly quite impressed with Portuguese developers, so Portugal is a bit of an odd case. I suspect for the IT market the salaries paid in Portugal don't match up to the salaries actually being paid to many IT workers.