Priced out of home ownership – 'It makes me want to throw up'

Re:Priced out of home ownership – 'It makes me want to throw... by ben_w on Wednesday May 29, 2024 @01:46AM (#40508866)

> If the Berliner kebab was priced at 12 EUR instead of 6 EUR, then they could afford paying double the salary

And then the houses and the land also double, or house builder's salaries real term wages halve and the workers leave and stop building stuff. Land prices are harder to draw conclusions about, but the owners have to want to sell at the price being asked, which is ultimately what the market will bear.

> The rest of the world is about to add zeroes to everything. Why wouldn't Berlin?

Fear:

https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_R...

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Re:Priced out of home ownership – 'It makes me want to throw... by tossandthrow on Wednesday May 29, 2024 @06:49AM (#40510517)

At a median household income of EUR 43k there is definitely not a housing cost crisis in the Berlin area - there is a stagnant wage crisis.

This is roughly 1/3 of the Danish household income. If I were German I would riot for higher salaries - we simply can not accept such disparities in a modern world with movement of labor and remote work.

It seems like German fear is what forces the ECB to lower the interest rates causing severe asset price inflation in Denmark.

Please - negotiate your salaries in Germany.

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