Sydney must be too large to measure on this scale, so it makes sense that it's not on there.
If you wanted a 2 bedroom in vancouver, you'd pay almost 5 grand today.
To rent.
Ive seen tiny 1 bedrooms here at 400euros
No need for rent control I'm sure!
Unfortunately from what I've read, rent control just creates more problems that are even worse.
Rent control invariably makes things worse.
Rent control sounds good, but ends up working against the poor, and ensures that poverty is never dealt with in localized areas, and is in fact exacerbated.
We need better methods, but one thing is for sure, we can't make it unattractive to own and maintain housing for people, because if we do, people won't want to provide that service for the return. Rent control dives right into that problem.
There were posters up in my college advertising beds for rent starting at €800. I even heard about one couple who were renting out their entire upstairs per bed, with 8 bunkbeds per room.
Fucking insanity.
Yeah in Paris it's hell. Students often live in <10m², which is illegal but theres no other options.
It would be way better if the intramuros city wasnt so small, and expanding horizontaly or verticaly wasnt banned "to preserve the Haussmannian look". The other issue is that so much of the city is owned by businesses, large corporations HQs taking up a whole block, and ultra rich buying a whole building or flat and never living in it. A vacant housing tax was put in place and is about to be removed I believe. No towers can be built for cheap housing because of the 6 stories limit.
cities should be abolished tbh
property investors holding buildings and cranking up rent to create a demographic, excessive overbuilding, and stagnated wages should be abolished tbh
Pretty useless statistic without knowing the median wages in those cities.
I'm 500% sure those 600$ in Mumbai are worse than those 1100$ in Berlin.
This exactly, a lot of property is being bought in bundles by a single investor and being sat on till theres a dryspell of no housing available. Then they can sell the house or more likely rent it for 2-3x the mortgage rate.
Housing market is a complicated thing influenced by many many factors, this isn't the doing of one person's greed or something, high demand and low inventory will drive markets to become high priced naturally.
a nice list of where to avoid ever living
Fucking hell, my 2 Bedroom costs more than in Berlin but I'm not in any of these locations. I'm in fucking Alabama. I don't know if this is a good thing for Berlin or bad for me.
Surprised Amsterdam isn't on here, which is also ludicrously expensive from what I've heard.
Whenever I see stuff like this I'm glad that there are shittons of new buildings being constructed over here in Istanbul so there are housing options that fits everyone's budget as long as you're willing to waste 30 mins to an hour in traffic everyday.
Just because you enjoy living in shell-blasted dessicated farmland, doesn't mean it's suitable for everyone else :v
https://reason.com/blog/2018/06/27/developer-of-historic-laundromat-in-san
(this is a libertarian source, but this post isn't bad)
good thing cities are on-board with this!
Just because you enjoy living in a crammed, filthy concrete jungle, doesn't mean its suitable for everyone else :<)
Vancouver is really terrible for renters in general, compressed even more by the fact that tech jobs pay shit compared to the rest of the major centers (thanks EA), and the fact barely any of the development is ment for rental property. At least here in Vic it's slightly better due to them building more rental focused stuff.
They wonder why they have a crap retention rate for tech workers here when Seattle is pretty similar and has much cheaper rent and workers rights for tech.
Then don't live there.
the problem is everything now is designed to be "upscale" and/or for big families, not in line with the incoming waves of new renters / buyers that live on shit wages across the board
good luck getting an affordable 1 bedroom apartment literally anywhere that isn't in an intentionally economically subdued area, especially in the coming years
if you lucked out with your career / you live in a terribly isolated area you may have better luck
At least singapore has a good reason, aint no dang space.
No Vancouver? I'd say we land between Tokyo and Shanhai right now, the cheapest is probably about $1500 (usd) in a shit part of town. Anywhere else or anything new-ish is going to be about 2100 usd.
The shittiest 1 bedroom grunge pad costs 700, which is ridiculous.
Can't compete when its the landlords owning the housing completely. Like I said before, Here in my state we had one subdivision had all 20 houses that were for sale get bought up by a group of investors who own tons of other houses around GA. It happens all the time, and its a very common occurrence in cities and suburbs.
i'm still waiting for the bay area housing bubble to pop so that people who have been here forever like my family can finally be back to being able to afford shit again
Isn't it because large parts of the city are still upgrading from the time of East Berlin and thus bringing down the average?
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