Same with Amsterdam. I've just been there and it's "crawling" with rich foreigners who own shops and make artisanal whatever or just live there for the vibes but work remotely from wherever they are (cough cough us cough cough).
Yes eventually will the locals will get rich from the few cents that trickle down. It's not like they create their own communities and economies. And it's the real estate businesses that make bank
Exactly maybe a long time ago. But at this time the country is looking more and more dystopian and that's not even talking about healthcare costs.
Maybe if the US was more like Canada.
Jesus, can I go 5 minutes on Reddit without reading some self-loathing garbage from Americans wanting desperately to be liked by foreigners on Reddit? So embarrassing.
Canadians move to the US at 10x the rate per capita as vice-versa. Touch grass and put down the America Bad propaganda for once.
No ty. Been there, done that and fled. Strangely I liked the least popular places best. All the popular population centers sucked big time. Whether red or blue.
Many cities can still grow in Spain for example but laws doesn’t allow it (also there is many permissions about how dense an apartment can be “how many floors” so many extremely tense areas are limited to 4-7 floors where they could be 20 stores flats that could fit so many people…)
I always wonder who still pays those prices for a vacation home in Croatia. 20 years ago, no problem. Half of the working class in my country likely could have afforded at least a small apartment back then. These days, you have to be pretty wealthy to do that. Small apartments now cost over 300k and those are not at all in urban/metropolitan areas or, god beware, beachfront properties. Those are extremely expensive. For a house, try 500k-600k as a rough starting point. Beachfront property easily goes for over a million these days.
The grocery prices in Croatia have gotten equally insane. Prices on a Western European level (partially even way above them) paired with around 30-40 % of our Median income at best. How's that supposed to work? And it's not like the tourists get spared either. I went there on vacation this year. I paid €1.560 for 10 days in a hotel. In 2019 I paid around €720 per person in the same hotel. That's a very steep increase for that timeframe.
But that's just on the coast and in the vicinity. A friend of mine bought an apartment couple years ago and we renovated couple of things, often times between November-March.
All those little cities at the sea look like from Zombie movies. No people whatsoever, just some bigger supermarkets open and it's hard to find an open restaurant. So even if expensive, not really many people want to live there, except when the tourism season starts.
Though like with every country, prices in Zagreb, Split and other bigger cities are much higher than some apartments by the sea
The issue is that for many European countries, they have 1 (or maybe 2, if generous) major cities that concentrate high-end jobs. And you have to pay for Budapest or Prague or Belgrade or Bucharest because if you can’t afford those, you’re making much much less.
USA has Los Angeles, New York, and San Francisco, yes. But it also still has relatively cheap major cities like Atlanta, Chicago, Dallas, Houston, Philadelphia with lots of jobs and cheaper rent (good price to salary ratio). And then you also have a dozen Rust Belt cities with thw ability to absorb millions of residents if the major cities like Chicago get too expensive.
So while there is concentrated high cost in New York and some NIMBY clusters and California (that one is due to the weather so the demand doesn’t move), the rest is far more absorbable.
Not that. Because governments dont give a shit about housing crisis. It can be easily solved by making apartments. If you increase the number of houses, problem will be easily solved.
But neither estate agents monopoly or the governments(authorities are also involved) dont want house prices to go down.
Well in Ireland the government has actually gotten involved and are building. They however have made sure the apartments are very expensive due to the convoluted way of going about it.
To be honest all countries in Europe should prohibit the purchase of residential real estate to people living outside the province or foreigners or whatever. Too many places have issues with locals not being able to afford a place to live. It's silly. And it's not even a matter of taxation, because at this point everything would be legal as long as you can afford it.
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u/rapsey 10d ago
Because a lot of foreigners buy vacation apartments/houses in croatia.