Topic: House prices - page 2. (Read 1701 times)

I'm not sure about living ones atm but we have 20% tax on every product in shops so...

Slovakia...and i'm writing about starting prices of these flats.

Is EU more expensive in taxes then U.S? or about the same?

Where are you living?

I agree about the EU part, here in out capital city an decent flat costs around 100k euros while average monthly payment is 300-1000.

Whats crazy is I know people who are on food stamps and they fuken iphone 5`s.

Seriously fukkk my taxes..

Aren't there food stamps in other Great Countries such as ours (part of the World)??

If those 5 others are cute chicks... what's the problem at all? Enjoyment is not solely measured in square foot.

ya.ya.yo!

the problem is that the training requires me to live in hampshire specifically.

food stamps my good friend.  they are every where in this great country of ours

Move north? Prices are cheaper here. Of course, your wage would change accordingly, but not proportionately. I hear that prices have risen in the south at a faster rate than the north.

it's a nightmare trying to get onto the property ladder, especially for those looking to buy on their own.

The problem is even a decent job is barely enough to rent a shared student apartment. That's just ridiculous. It's close to impossable for a single person to rent a home on a regular income.

I need to live in Hampshire for my training to become air traffic controller, and during the training you get only £12.000 annually plus £60 per week for expenses. Now try finding a home for that price, while leaving yourself enough cash for food and clothes.

After I finished training wages would become better but even than housing would require a big cut out of my salary. It's just insane how a few decades ago you could buy a home for about 3 times your annual income and now you can barely even rent a home even when you spent your entire income on just rent.

$938 a month? There goes my entire wage, now how do I buy food?

Cheap credit is largely the culprit.  If there was no sucker who was desperate to purchase the overvalued homes (such as young families), who would be buying the properties off the investors?

If you took cheap credit and mortgages out of real estate, prices would return to historical norm (equivalent to a few years' salary as opposed to decades in the status quo)

Housing prices are based on predatory lending, aka our banks.

We cant buy or afford homes is due to when we our buying ability of dollar value by the time it gets to us, we have to pull out a loan which becomes a never ending cycle.

Quite a few people work a full time career and part time and/or weekends to afford a home.   Historically - housing was maybe equivalent to three year's salary in the 1950s but, unless you live in a depressed market like Nevada, homes today are often 10 to 30 times the average income.

Something's wrong with our society, thanks to $Fiat, where people in their 20s (historically) owned homes in the 1960s and prior, but today we have 20-somethings (and some aged 30 year olds) living with elderly parents.   Go back decades earlier, you had European immigrants in the 1890s in their 20s who effectively got free farmland (providing they tilled it) throughout the states.    Fast foward to 2014 - most youth in the world are unemployed and have no land.  This world has gone dystopian rather quickly.

  Why did housing become a commodity overnight?  Perhaps because as an asset it held its' value compared to declining $Fiat?  Maybe because people never revolted against the commodification of a human need?   Would people revolt if water became a commodity like housing?  Imagine if you had to indebt yourself to get clean drinking water?  Would the sheeple revolt?  No way - they'll be content until someone turns off the football and angry birds.

 (sometimes even worse - think of China or Eastern Europe, where new condos are bought by investors for $500K but working class people make $10K or less.  Worse case example is Angola, where most people are in poverty and yet it's often considered the top 5 most expensive real estate. ).

It comes down to poor distribution of wealth in the world and the lack of laws preventing the commoditization of shelter.  Every human has principle needs to survive and shelter is one of them, and yet affordable housing (that isn't a tin shack) is inaccessible to billions of people.

Insane real estate prices would end rather quickly if they ended absentee landlords (this would also end slumlord apartments, which are only slums because the owners refuse to pay a few ten thousand to upgrade or repair them, despite collecting hundreds or a thousand from each tenant in rent) and prohibited the use of credit in purchasing real estate.

Have you tried getting a job?

I'd say it's a result of supply vs demand.

We have the same problem here in Alberta, Canada.  So many people here can afford houses, and there are only so many to go around, so the price goes up.

Real estate and renting is the upper middle class' get quick rich scheme.  

have u *tried* living out of a $938 sq ft studio apartment.  i mean it is expensive i hear, but great rooms, and great visits.  (or so i've been told).. :)D