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> The whole country is a gigantic house of cards propped up by real estate That’s quite the statement, I assume you have quite the source for it. The price-to

by hnarn 3y ago

> The whole country is a gigantic house of cards propped up by real estate That’s quite the statement, I assume you have quite the source for it. The price-to-rent ratio isn’t that far off from the US, for example.

hnav 3y ago
but incomes are generally much lower
- lifeisgood99 3y ago
  That's tech bias. The pay for random office jobs or trade jobs are similar.
ysofunny 3y ago
there's a tiktoker that compares real states prices in Canada and in various parts of Europe it's funny to see dozens of examples of european castles (buildings with tens of rooms and bathrooms, plus huge gardens) whose cost is in the same ballpark as 2 or 3 bedroom houses in random (but well [sub]urbanized) parts of Canada
- JumpCrisscross 3y ago
  > dozens of examples of european castles (buildings with tens of rooms and bathrooms, plus huge gardens) whose cost is in the same ballpark as 2 or 3 bedroom houses Castles are a bit of a scam. The old aristocratic families that still own them, e.g. in Germany, tend to have a state subsidy for maintainance. If you didn't have the luck of being born into those families, you get all of the joys of Medieval engineering twinned to modern historic preservation bureuacracy.
- cycrutchfield 3y ago
  Wait until you see the maintenance and heating costs for those castles, or any old building in general. The sticker price isn’t the whole story.
  - ysofunny 3y ago
    I know that, but the comparisons are still ridiculous the canadian properties are in some cases less than 100 square meters, getting compared with land properties of square kilometer scales! the discrepancies in land value are artificial and are part of the global inequality crisis but on the global scale the inequality is not between individuals, but between cities and states (and countries)
    - cycrutchfield 3y ago
      Huh? Artificial? A plot of land in Manhattan is worth more than a plot of land in the Sahara desert. Not surprising at all.
raydev 3y ago
> The price-to-rent ratio isn’t that far off from the US, for example. I'd love to see the numbers that back this up that also don't include SF, LA, NYC, Miami, or Seattle.

by hnarn 3y ago

hnav 3y ago

but incomes are generally much lower

lifeisgood99 3y ago
That's tech bias. The pay for random office jobs or trade jobs are similar.

ysofunny 3y ago

there's a tiktoker that compares real states prices in Canada and in various parts of Europe it's funny to see dozens of examples of european castles (buildings with tens of rooms and bathrooms, plus huge gardens) whose cost is in the same ballpark as 2 or 3 bedroom houses in random (but well [sub]urbanized) parts of Canada

JumpCrisscross 3y ago
> dozens of examples of european castles (buildings with tens of rooms and bathrooms, plus huge gardens) whose cost is in the same ballpark as 2 or 3 bedroom houses Castles are a bit of a scam. The old aristocratic families that still own them, e.g. in Germany, tend to have a state subsidy for maintainance. If you didn't have the luck of being born into those families, you get all of the joys of Medieval engineering twinned to modern historic preservation bureuacracy.
cycrutchfield 3y ago
Wait until you see the maintenance and heating costs for those castles, or any old building in general. The sticker price isn’t the whole story.
- ysofunny 3y ago
  I know that, but the comparisons are still ridiculous the canadian properties are in some cases less than 100 square meters, getting compared with land properties of square kilometer scales! the discrepancies in land value are artificial and are part of the global inequality crisis but on the global scale the inequality is not between individuals, but between cities and states (and countries)
  - cycrutchfield 3y ago
    Huh? Artificial? A plot of land in Manhattan is worth more than a plot of land in the Sahara desert. Not surprising at all.

raydev 3y ago

> The price-to-rent ratio isn’t that far off from the US, for example. I'd love to see the numbers that back this up that also don't include SF, LA, NYC, Miami, or Seattle.