I am Austrian. Fortunately, we have public housing, which allowed us to find an affordable apartment when our daughter was born. Even in Europe, affordable housing has become a problem in countries that have left housing development solely to the market economy.
The obsession with buying a house and using a home as an investment strategy and see it as 'wealth building' is a fairly uniquely American thing. At least in the crazy priority. People I know dont really care if they have to rent because worst comes to worst the government pays their rent. Same with me I could stop working and get benefits to pay my £500 a month rent. Otherwise i like that i don't have to pay any property taxes, property maintenance nonsense, worry about building codes and fixing appliances, boilers, etc etc like being able to drop everything and move on whim, like not being tied down to a location. I like my small apartments location too, facing a park, in the city, plenty of local places within 5 minute walk. Although our rents laws are significantly better, ive never had a rent increase in 6 years, my landlord is decent guy, regular maintaince is mandated and you cant just randomly evict, theres no companies, or weird lease agreements, rent prices arent crazy either. My parents still rent, they didnt really care to buy a house/ never had a good chance either. Also theyve both moved around a lot. Also a culture difference Is investing in general, people generally dont know, or care even a single bit about investing, no one I know talks about stocks or investing or how the markets are doing, people in Europe just care a lot less about that stuff, we dont even generally have or use credit cards a lot of the time, its certainly not tied our bank accounts or debit cards..
Large corporations, like Grainger or Invesco are starting to buy more UK homes to rent out. It’s relatively small scale compared to the US but it’s increasing. And unlike most of Europe we have no rental controls in most rental homes except for some social housing. We also have no reason evictions too with limited notice periods. But do generally have fairly enforceable landlord repair laws but not perfect.
What happened during the crisis in 2007 was due to the 'American dream' of owning your own home. Clinton legalized interstate banking in 1994 and when Bush declared in 2004 that every American deserved to own their own home, banks saw an opportunity to 'create money' They gave pretty much everybody a loan on paper, that then had to be paid to the bank with interest. Whenever any of these families could not pay their mortgage, because they actually could not afford their own home, the bank would evict and sell the house with profit. When more and more of these mortgages threatened to fall apart, banks tried to sell them in bulk. When you sell them in bulk to other corporations, a couple of them are bound to fall. But because most US banks tried this tactic, no bank would fall for it anymore. That's when they started to offer them overseas. And that's how the rest of the world was introduced to this 'American dream' It became a vicious cycle. The more people failed their mortgage, the more businesses had to cut back, the more people lost their jobs, the more people failed their mortgage. And that's how US banks threw the world in a years lasting crisis.
When i was in need I would have bought a converted shipping container if I was allowed, you have to exist somewhere , and you have to give home starters somewhere to start off , maybe change the codes to allow properly converted container parks at a low ground rent so at least there is somewhere for young people to start on the ladder,it's not like you don't have room over there
I'm glad here in Finland the housing coop? That owns houses/apartments and rents them are required to have contract with maintenance and repair companies, and if the person who rents the place finds issue, they can inform about it and then the housing coop/landlord is required to inform the maintenance company and they come and fix the issue..free for the renter. Lots of people just rent places here since its "easier" and less work for you because the landlord/maintenance company does the things instead of you needing to pay out of your own pocket for the fixes
@@arnodobler1096 The thing is however, that no matter how sarcastic you try to be, you mostly can't beat the reality. Look for example for that, and if you didn't knew that guy and that he is really serious, you would think : that must be sarcasm, right ? th-cam.com/video/e6DWn09vb7o/w-d-xo.html i mean .. he threats people with Healthcare for all. He could also threaten people maybe with how evil it would be to have 30 days of vacation at least.
It's not a cake-walk to get property here either. I earn a little above minimum wages, am single guy and with current regs on mortgages I can't borrow enough to buy a house.. But apparently I'm all good paying more than a mortgage repayment in rent each month paying for someone else's or worse paying some shareholders and investors that are buying up so much property.
Why do people still talk about the American Dream, it has long since died in the truest sense of the word. Those who have managed to live their dream are the rich. At the present time or in the situation in which the USA currently finds itself, hardly anyone will ever have a chance of living this dream.
only 47 - 52 % of germans has own appartment / house ( reason is many house are bombed / destroyed in II WW) but in germany you have more rights as renter ^^
The people I come across moan about the cost of housing while wanting to buy adding becoming part of the very thing they moan about wondering why it's costly , these are university educated youngsters, I give up 🤷
There is more to the problem than just people wanting to have a home of their own. Like regulations being set by elected officials, many of whom have rental properties of their own. Like rent prices spiraling higher than mortgage repayments. Like lending regulations that limit your borrowing to below the entry price of a home when you have a proven track record of being in stable employment and having saved more than double the deposit needed while paying more in rent than the repayments would be on a sufficient mortgage. Like the number of homes that should be long term lets being used as airbnb. Like the number of properties being bought by massive capitol investment firms
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I am Austrian. Fortunately, we have public housing, which allowed us to find an affordable apartment when our daughter was born. Even in Europe, affordable housing has become a problem in countries that have left housing development solely to the market economy.
The obsession with buying a house and using a home as an investment strategy and see it as 'wealth building' is a fairly uniquely
American thing. At least in the crazy priority. People I know dont really care if they have to rent
because worst comes to worst the government pays their rent. Same with me I could stop working
and get benefits to pay my £500 a month rent. Otherwise i like that i don't have to pay any property
taxes, property maintenance nonsense, worry about building codes and fixing appliances, boilers,
etc etc like being able to drop everything and move on whim, like not being tied down to a
location. I like my small apartments location too, facing a park, in the city, plenty of local places within 5 minute walk. Although our rents laws are significantly better, ive never had a rent increase in 6 years, my
landlord is decent guy, regular maintaince is mandated and you cant just randomly evict, theres no companies, or weird lease agreements, rent prices arent crazy either. My parents still rent, they didnt really care to buy a house/ never had a good chance either. Also theyve both moved around a lot.
Also a culture difference Is investing in general, people generally dont know, or care even a single bit about investing, no one I know talks about stocks or investing or how
the markets are doing, people in Europe just care a lot less about that stuff, we dont even generally
have or use credit cards a lot of the time, its certainly not tied our bank accounts or debit cards..
Large corporations, like Grainger or Invesco are starting to buy more UK homes to rent out. It’s relatively small scale compared to the US but it’s increasing. And unlike most of Europe we have no rental controls in most rental homes except for some social housing. We also have no reason evictions too with limited notice periods. But do generally have fairly enforceable landlord repair laws but not perfect.
What happened during the crisis in 2007 was due to the 'American dream' of owning your own home. Clinton legalized interstate banking in 1994 and when Bush declared in 2004 that every American deserved to own their own home, banks saw an opportunity to 'create money'
They gave pretty much everybody a loan on paper, that then had to be paid to the bank with interest. Whenever any of these families could not pay their mortgage, because they actually could not afford their own home, the bank would evict and sell the house with profit.
When more and more of these mortgages threatened to fall apart, banks tried to sell them in bulk. When you sell them in bulk to other corporations, a couple of them are bound to fall. But because most US banks tried this tactic, no bank would fall for it anymore. That's when they started to offer them overseas. And that's how the rest of the world was introduced to this 'American dream'
It became a vicious cycle. The more people failed their mortgage, the more businesses had to cut back, the more people lost their jobs, the more people failed their mortgage.
And that's how US banks threw the world in a years lasting crisis.
When i was in need I would have bought a converted shipping container if I was allowed, you have to exist somewhere , and you have to give home starters somewhere to start off , maybe change the codes to allow properly converted container parks at a low ground rent so at least there is somewhere for young people to start on the ladder,it's not like you don't have room over there
I can assure you that it’s the same in the UK.
True
I'm glad here in Finland the housing coop? That owns houses/apartments and rents them are required to have contract with maintenance and repair companies, and if the person who rents the place finds issue, they can inform about it and then the housing coop/landlord is required to inform the maintenance company and they come and fix the issue..free for the renter. Lots of people just rent places here since its "easier" and less work for you because the landlord/maintenance company does the things instead of you needing to pay out of your own pocket for the fixes
How about life instead of housing?
Everyone wants to sell their house for the highest possible profit, and then they wonder?
Praise the freedom of unreguated capitalism. Thats the real american dream 👍👍
i love sarcasm 👍
@@arnodobler1096 The thing is however, that no matter how sarcastic you try to be, you mostly can't beat the reality. Look for example for that, and if you didn't knew that guy and that he is really serious, you would think : that must be sarcasm, right ?
th-cam.com/video/e6DWn09vb7o/w-d-xo.html
i mean .. he threats people with Healthcare for all. He could also threaten people maybe with how evil it would be to have 30 days of vacation at least.
@@beldin2987 Bin au fe deiner Seite
It's not a cake-walk to get property here either.
I earn a little above minimum wages, am single guy and with current regs on mortgages I can't borrow enough to buy a house..
But apparently I'm all good paying more than a mortgage repayment in rent each month paying for someone else's or worse paying some shareholders and investors that are buying up so much property.
Why do people still talk about the American Dream, it has long since died in the truest sense of the word. Those who have managed to live their dream are the rich. At the present time or in the situation in which the USA currently finds itself, hardly anyone will ever have a chance of living this dream.
Houses expensive, workers are poor. This has been going on for 50 years ... working as designed (see Powell Memo).
only 47 - 52 % of germans has own appartment / house ( reason is many house are bombed / destroyed in II WW) but in germany you have more rights as renter ^^
So... you're just not gonna fix your last video?
You will own nothing and be happy
The people I come across moan about the cost of housing while wanting to buy adding becoming part of the very thing they moan about wondering why it's costly , these are university educated youngsters, I give up 🤷
There is more to the problem than just people wanting to have a home of their own.
Like regulations being set by elected officials, many of whom have rental properties of their own.
Like rent prices spiraling higher than mortgage repayments.
Like lending regulations that limit your borrowing to below the entry price of a home when you have a proven track record of being in stable employment and having saved more than double the deposit needed while paying more in rent than the repayments would be on a sufficient mortgage.
Like the number of homes that should be long term lets being used as airbnb.
Like the number of properties being bought by massive capitol investment firms