And it keeps getting worse: crazy inflating property prices and matching rent hikes.
A French comedian did a local show. He made a joke that he was going around town looking at the shops. He saw a real estate office and was dumbfounded by the prices. He exclaimed how half a million for an apartment was insane. People laughed and someone mentioned he was way off, it’s worse than that. Half a million maybe gets you a small one-bedroom studio in a city, not an apartment.
Worth noting that homeownership has never been part of the Swiss Dream like it’s part of the American Dream. Still, the average Swiss person is significantly better of financially than the average American.
Most people don’t exactly have a choice. They kinda need places to live near their jobs which almost always dictate where they live.
Also, appreciate the value of ownership? How do you expect almost anyone in Gen Z to afford to own anything more substantial than a car? The oldest of us are just starting our professions after getting out of college/trade school, and getting into jobs that don’t pay enough to afford a house anytime soon. We never even had the option of ownership because housing is fucked.
Hell I’m one of the lucky ones. I graduated college without debt and I make really good money, but it’s gonna take me 5 years to save up a down payment for a $8k a month mortgage despite living well below my means. I can only imagine how fucked it is for the average person who will never have the chance to own anything at all.
This generation failed to appreciate the value of ownership,
This is the dumbest take of the day. And it isn’t even 9am.
Stagnant/low wages, price hikes, wealth being funnelled up the chain, and more and more red tape attached to every transaction are the problem. Not people who don’t want to own. Get your head out of your ass.
All of the evils we bemoan in modern society start with consumers paying for those evils.
“But I have no choice!”
Choose helplessness, beg our bought and paid for governments to bail you out. How’s that working?
Remember how the price of gas collapsed during COIVD? Yeah, because people quit buying.
It’s hard to learn self-reliance and related skills. But don’t come crying to me saying, “We’ve never taken ownership of our issues and why won’t the government fix it?!”
This is short sighted, however. It may be true in the moment, but in time, the corporate world will gobble up as much as they can and rent it forever, without regulation.
I already did, would never want to live in one either. People living in rectangular hives on top of each other, hearing every annoying noise and bump that the others make at any hour of the day or night… Nah.
In Montreal,
Québec, 0.045% of the population own over 30% of residential properties.Edit: actually that’s 0.46% of property owners own 32% of rental properties in Montréal.
Source (French)
Only 36% of Swiss people own their homes.
And it keeps getting worse: crazy inflating property prices and matching rent hikes.
A French comedian did a local show. He made a joke that he was going around town looking at the shops. He saw a real estate office and was dumbfounded by the prices. He exclaimed how half a million for an apartment was insane. People laughed and someone mentioned he was way off, it’s worse than that. Half a million maybe gets you a small one-bedroom studio in a city, not an apartment.
Worth noting that homeownership has never been part of the Swiss Dream like it’s part of the American Dream. Still, the average Swiss person is significantly better of financially than the average American.
Same is true to some degree in Germany.
Ben La!!
Source?
Ah my bad I misread it last time.
“0.46% of the landlords own 32% of rental properties.”
Source (French)
Leave major cities.
You will never own property in one.
Cities are where the jobs, the events and the people are. Most people don’t want to live in suburban hell or middle of nowhere.
Well, then they have to pay up.
Supply and demand and all that.
Especially when all the supply has been bought by corporations intending to rent all homes.
Yeah. And what’s funny is, every single person renting gives those corporations more power to do the same thing elsewhere.
This generation failed to appreciate the value of ownership, and they’re getting fucked for it left and right.
At least they’re not alone, which is what most of them tell themselves.
Most people don’t exactly have a choice. They kinda need places to live near their jobs which almost always dictate where they live.
Also, appreciate the value of ownership? How do you expect almost anyone in Gen Z to afford to own anything more substantial than a car? The oldest of us are just starting our professions after getting out of college/trade school, and getting into jobs that don’t pay enough to afford a house anytime soon. We never even had the option of ownership because housing is fucked.
Hell I’m one of the lucky ones. I graduated college without debt and I make really good money, but it’s gonna take me 5 years to save up a down payment for a $8k a month mortgage despite living well below my means. I can only imagine how fucked it is for the average person who will never have the chance to own anything at all.
We never had the choice to own anything.
This is the dumbest take of the day. And it isn’t even 9am.
Stagnant/low wages, price hikes, wealth being funnelled up the chain, and more and more red tape attached to every transaction are the problem. Not people who don’t want to own. Get your head out of your ass.
Hey genius, what do you think causes wealth to funnel up the chain?
It sure as fuck isn’t an aversion to ownership.
All of the evils we bemoan in modern society start with consumers paying for those evils.
“But I have no choice!”
Choose helplessness, beg our bought and paid for governments to bail you out. How’s that working?
Remember how the price of gas collapsed during COIVD? Yeah, because people quit buying.
It’s hard to learn self-reliance and related skills. But don’t come crying to me saying, “We’ve never taken ownership of our issues and why won’t the government fix it?!”
And
They could quit buying because of government assistance pressuring businesses to close. And then providing assistance to those forced to stay home.
This is short sighted, however. It may be true in the moment, but in time, the corporate world will gobble up as much as they can and rent it forever, without regulation.
I wish I could but that’s where my girlfriend’s job is. And she can’t find that same kind of job anywhere else. Her field is very specific.
But even smaller cities have become unaffordable now.
I already did, would never want to live in one either. People living in rectangular hives on top of each other, hearing every annoying noise and bump that the others make at any hour of the day or night… Nah.