5 ms·
It is huge, but still peanuts considering cost of living and prices for housing. Many people just gave up to the dream of real estate ownership. Rent till the
by ponector 3y ago
It is huge, but still peanuts considering cost of living and prices for housing.
Many people just gave up to the dream of real estate ownership. Rent till the death.
With 6000 monthly how many years they need to save money for down payment for small apartment? Buying a house is not an option at all for working people.
- dukeyukey 3y agoI don't think that's true. America's home ownership hovers around 65% - in Norway it's 80%; Swedeon 65%; Denmark 59%; Iceland 73%. If anything, a higher percentage of Nordic citizens own houses than Americans.
- ponector 3y agoSomeone can live with parents and in statistics they will go into "home owners" bucket. Anyway I'm talking about possibility to buy with current salary and current price. If you like statistics - search for house affordability index.
- dukeyukey 3y ago> Someone can live with parents and in statistics they will go into "home owners" bucket Funnily enough Nordic populations tend to leave home before Americans, so the American figure is even worse than they look. Don't just tell people to look up figures - cite them here please, and why they should overrule the figures saying as many or more Nordic people own their homes than Americans.