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A comment on Dutch entrepreneurs avoiding negative interest by opening multiple bank accounts. Parent comment

Re:Dutch entrepreneurs avoiding negative interest by opening... by hetspookjee on Wednesday September 01, 2021 @08:35AM (#28379042)
The housing market in the Netherlands is a complete train-wreck for almost a decade. The climate crisis pressing down on the ability to build new houses, the negative interests rate and a flailing government makes matter consistently worse. In Q1 2021 the prices rose with almost 12% compared to previous year, and the prices are rising almost quicker and quicker by each month, with no clear end in sight.

Yes, the loan rates are on a historical low, but have been already for a few years now.

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Re:Dutch entrepreneurs avoiding negative interest by opening... by Aeolun on Wednesday September 01, 2021 @09:06AM (#28379336)
Trying to move back to the Netherlands, but I despair of ever trying to buy a house there. Half a million is not uncommon for the area I’m looking :/ and that’s in a tiny suburb half an hour from Amsterdam.

Like, salaries do not seem to have similarly risen, so who the hell is buying these houses?

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Re:Dutch entrepreneurs avoiding negative interest by opening... by Ekaros on Wednesday September 01, 2021 @09:54AM (#28379833)
Salaries don't need to raise when interest rates drop. For same payment with lower interest rates you can service much higher principal. For example at 1000€ month 5% rate you could loan 151 525€ but with 1% rate you could loan 217 441€...
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Re:Dutch entrepreneurs avoiding negative interest by opening... by Aeolun on Thursday September 02, 2021 @06:27AM (#28390417)
True. The problem is that housing prices have risen by several hundred percent.
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Re:Dutch entrepreneurs avoiding negative interest by opening... by Shaddox on Wednesday September 01, 2021 @09:59AM (#28379907)
>Like, salaries do not seem to have similarly risen, so who the hell is buying these houses?

People and institutions looking for a way to 'park' their funds in a safe investment.

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