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You're not alone. I can testimony it's happening in Italy too, at least in larger cities (Rome, Milan, Bologna, etc) It's even worse here cause salaries are no
by peoplefromibiza 2y ago
You're not alone. I can testimony it's happening in Italy too, at least in larger cities (Rome, Milan, Bologna, etc)
It's even worse here cause salaries are not rising at all
It's been like the perfect storm: high inflation, high interest rates, people cannot afford a mortgage anymore (or banks are not lwnding them money) and rents have become the only option available, reaching record highs. To add insult to injury energy prices are among the highest in the whole EU and you can imagine how grim the situation really is. Except for owners of multiple homes/apartments of course.
- lifestyleguru 2y agoSince I remember the regular salary in Italy has been 1600 EUR net monthly. It's like a number engraved on a marble block - "1600".
- bombcar 2y agoAnd to make it worse, Americans are moving in and buying places up! https://www.businessinsider.com/retired-americans-move-to-italy-affordable-healthcare-work-life-balance-2024-5 https://www.businessinsider.com/retired-americans-move-to-it...