3 ms·

Poorer places haven't financialized housing usually.

• heartbreak 3y ago
  Poorer is a relative term here. The income/birth rate discrepancy is probably happening within your local community.
• lolinder 3y ago
  This isn't enough of an explanation, because surviving is still harder in such places than it is in wealthy countries with low birth rates. Birth rates are inversely correlated with wealth regardless of housing affordability.
  • CalRobert 3y ago
    True, I was thinking of colleagues who had moved from Eastern Europe to Ireland and were telling me that it was much more common to have homes without a mortgage, they weren't as likely to be a vehicle for getting rich, NIMBYs weren't such a big thing, etc. Maybe it's a holdover from the Soviet Union.
• jmopp 3y ago
  I don't know, slumlords charging an exorbitant rent for a shack is a thing.