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How did you manage that!?! It was my impression that increasing housing prices is a problem all over, and that it partially stems from the mega trend of people
by Epa095 2y ago
How did you manage that!?! It was my impression that increasing housing prices is a problem all over, and that it partially stems from the mega trend of people moving to cities. Most countries have a lot of room to build houses, just not where people want to live!
So why is it different in Finland? Is there a lot of free space around then cities? Or doesn't everyone want to live in Helsinki?
- nthingtohide 2y agoThe home crisis can be solved if we insist that people can buy property only for living and not as an investment. Chinese are buying homes in Canada which is the reason for housing crisis there.
- FL33TW00D 2y agoWhy not just construct more homes?
- nthingtohide 2y agoProblematic. Nearby city centre homes will be snatched up by those who have capital while others will have earn for 4-5 years to be in a position to buy
- ryandrake 2y agoExactly. If the problem is "Rich people and private equity are snatching up every home that gets built, as investments" then the solution cannot be "just build more homes." Those homes will just get snatched up by the same people.
- deleted 2y ago[deleted]
- Gravityloss 2y agoWell, it's a bit more complex. Some areas have gone vastly up in price. But there's also been a lot of building and new mass transit projects, making it possible to now commute from an area that was a bit more complicated before. For example metro expansion and associated building.
- baobabKoodaa 2y agoI've been trying to sell my apartment in Helsinki for 4 years now. I've dropped the asking price multiple times and I'm now trying to sell at a huge loss. And yet, nobody will buy it. The mega trend of people concentrating to largest cities also occurs in Finland. The housing market in Helsinki (where I'm unable to sell my place!) is much better than the housing market in more rural areas.