Re:Ask HN: How to increase SWE salaries in Europe?
by alexgmcm on Thursday January 14, 2021 @05:44AM
(#25774818)
Germany also has among the lowest median household wealth in Europe[1] despite having a high median income[2].
This explains the high wealth inequality we observe[3], despite the low income inequality[4].
This could be caused by the low levels of home ownership given that home ownership (and the associated leverage) is a huge tool for wealth accumulation for the average person.
I know that people say you can make more from ETF's etc. than real estate, but I'm not sure if that applies so much to your primary residence given you will always need somewhere to live and a bank isn't going to lend you hundreds of thousands of euros to invest in ETF's, but they will for your primary residence.
The extra mobility you have while renting is an advantage but one that comes with a hefty price.
This explains the high wealth inequality we observe[3], despite the low income inequality[4].
This could be caused by the low levels of home ownership given that home ownership (and the associated leverage) is a huge tool for wealth accumulation for the average person.
I know that people say you can make more from ETF's etc. than real estate, but I'm not sure if that applies so much to your primary residence given you will always need somewhere to live and a bank isn't going to lend you hundreds of thousands of euros to invest in ETF's, but they will for your primary residence.
The extra mobility you have while renting is an advantage but one that comes with a hefty price.
[1] https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe...
[2] https://en.wikipedia.org/wiki/Median_income#Median_equivalen...
[3] https://en.wikipedia.org/wiki/List_of_countries_by_wealth_eq...
[4] https://en.wikipedia.org/wiki/List_of_countries_by_income_eq...