Re:Ask HN: What has been your single best investment?
by thatwasunusual on Wednesday March 30, 2022 @02:01AM
(#30851922)
How many in Spain own their own house/apartment? In Norway it's 75%, IIRC, but I know that there are big differences around the world.
Re:Ask HN: What has been your single best investment?
by Darmody on Wednesday March 30, 2022 @03:26AM
(#30852336)
75% down from 80%.
Millennials are not buying anything. They can't. The very few I know who have bought a house is either because they had help from their parents or bought an old house in small towns far away from everything.
Re:Ask HN: What has been your single best investment?
by Darmody on Wednesday March 30, 2022 @07:29AM
(#30853726)
To add more data.
Only 30% of the people younger than 35 have their own house, down from almost 60% in 2004.
Re:Ask HN: What has been your single best investment?
by thatwasunusual on Wednesday March 30, 2022 @08:13AM
(#30854053)
In Norway? Do you have a source?
IT salaries in Spain are higher than most but not enough to buy anything. At the rate I'm saving money I'll be able to get a loan in around 8 to 10 years or more actually, because by then I'll need even more savings for that. But if I ever want to have kids and a family or I have any emergency I won't be able to save as much.
Sad.