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>How? Come to Austria and see. Same in Germany I think. A mate from Stuggarts has no idea how house prices are justified there looking at his wage. >Northern

>How? Come to Austria and see. Same in Germany I think. A mate from Stuggarts has no idea how house prices are justified there looking at his wage. >Northern Europe salary is more than enough to afford local housing. Where exactly in Northern Europe? I heard the Finnish countryside is very affordable. If you can stomach the weather and isolation.

yreg 3y ago
What do you mean? Vienna has rent control and you can rent a place for like 500€ monthly. (City public housing is even cheaper.) This probably also means it's not a great investment to buy property there. There is also the option to live near Vienna and commute by trains.
- FirmwareBurner 3y ago
  >Vienna has rent control Rent controlled public housing are only for Vienese or long term resisdents of Vienna. I am neither. >you can rent a place for like 500€ monthly Hahah, no you can't, not even close on the private market, in 2024. Maybe during the pandemic you could when travel was frozen and the rental market crashed. >This probably also means it's not a great investment to buy property there. It is. That's why prices are kept so high, so those who own stay wealthy. I don't want a house for an investment tho, just a place to live.
  - yreg 3y ago
    600€ monthly, 9th district, looks nice. https://housinganywhere.com/room/ut902932/at/Vienna/marktgasse https://housinganywhere.com/room/ut902932/at/Vienna/marktgas...
    - FirmwareBurner 3y ago
      Plus another 500€ monthly for gas and electricity written in the fine print, when I only pay 100€, bringing your monthly rent to 1100€, which is closer to the private market value of such a property.
smikhanov 3y ago
What is the higher end of Austrian tech market pay, in your view?
- FirmwareBurner 3y ago
  The higher end is always the highest you are currently being offered. No point in fantasizing over fictional numbers that you're 99% unlikely to get in order to be unrealistically optimistic with yourself and your financial planning. It's why average/median pay is important.
  - smikhanov 3y ago
    Can’t disagree with that
formerly_proven 3y ago
10x-15x gross income to house price ratio seems pretty much spot on. A dev will earn 50-80k here (taxes are going to be ~40% or so) and a SFH in the area will cost 600-1000k.

yreg 3y ago

What do you mean? Vienna has rent control and you can rent a place for like 500€ monthly. (City public housing is even cheaper.) This probably also means it's not a great investment to buy property there. There is also the option to live near Vienna and commute by trains.

FirmwareBurner 3y ago
>Vienna has rent control Rent controlled public housing are only for Vienese or long term resisdents of Vienna. I am neither. >you can rent a place for like 500€ monthly Hahah, no you can't, not even close on the private market, in 2024. Maybe during the pandemic you could when travel was frozen and the rental market crashed. >This probably also means it's not a great investment to buy property there. It is. That's why prices are kept so high, so those who own stay wealthy. I don't want a house for an investment tho, just a place to live.
- yreg 3y ago
  600€ monthly, 9th district, looks nice. https://housinganywhere.com/room/ut902932/at/Vienna/marktgasse https://housinganywhere.com/room/ut902932/at/Vienna/marktgas...
  - FirmwareBurner 3y ago
    Plus another 500€ monthly for gas and electricity written in the fine print, when I only pay 100€, bringing your monthly rent to 1100€, which is closer to the private market value of such a property.

smikhanov 3y ago

What is the higher end of Austrian tech market pay, in your view?

FirmwareBurner 3y ago
The higher end is always the highest you are currently being offered. No point in fantasizing over fictional numbers that you're 99% unlikely to get in order to be unrealistically optimistic with yourself and your financial planning. It's why average/median pay is important.
- smikhanov 3y ago
  Can’t disagree with that

formerly_proven 3y ago

10x-15x gross income to house price ratio seems pretty much spot on. A dev will earn 50-80k here (taxes are going to be ~40% or so) and a SFH in the area will cost 600-1000k.