Do you think we will ever have affordable housing again in our lifetime?

filister@lemmy.world to Ask Lemmy@lemmy.world – 470 points –

Considering how crazy expensive accommodations have become the last couple of years, concentrated in the hands of greedy corporations, landlords and how little politicians seem to care about this problem, do you think we will ever experience a real estate market crash that would bring those exorbitant prices back to Earth?

259

You are viewing a single comment
View all comments

If curious if "affordable housing" has an actual definition? Like is there some formula that we could use?

Housing should be a right tbh

How would that work, do you think? I agree with your premise, so you don't need to worry about that part.

I’m what they call an “idea man”, meaning I don’t know anything lol but I dream big

Housing and affordable housing should totally be a human right. Look at all the global inequality and how it keeps on growing, the Rich 🤑 / wealthy are accumulating and consolidating wealth 🤑 ... Locking people out of opportunities 😕😔😔😐 n the governments do nothing to protect their citizens from the legal corruption... In fact they help the corporations out.

If people who built nations and kept them running ( the workers / ETC) were compensated properly we'd all have housing, food, clean water ETC. It's called sharing the profits / wealth. But that's not what monopolies and people at the top 🎩 🔝 of industries do.

I mean US still got child labor 😭 till this day.

People that keep the countries running need to go on a strike / protest all at once for a week or two and demand some kind of equality from their government or otherwise no work no running economy!!

It's been done before and it can happen again if we can brave sharing food and water with each other for a week or more.

If the average habitant in a country can buy a house and pay the whole credit in his lifetime, I consider this as affordable housing

Depends, do you want that person to be able to have a partner, kids and something to eat? If no then yeah, probably.

At this moment in The Netherlands:

  • starter: forget buying one (you need to bring loads and the student loan that wouldn't impact your chances on a mortage, guess what, it does)
  • unemployed or on benefit, social letting (waiting time for a place to live mesured in decades)
  • earning more then minimum wage: free letting market, costs about half your income (you won't get a mortage when it would cost you more then a 3rd)

Oh, and there is a huge shortage and building has dropped to less then 10% of what is needed, due to inflation. The only way hiusing is affordable is when you already live in a bought house and have been living there for about 15+ year. (Bought mine in 2000, before the prizes exploded and after that the mortage rates exploded)

Either the income needs to improve a lot (with constant prizes and rates), or the prizes need to collaps (when that happens nobody will move, to expensive)

You probably mean median, right?

But I meant an official one.

Ideally lower than median: closer to Q1. Still, you have to start somewhere.