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by pinguinFromY
3164 days ago
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I live in eastern europe, in a city where the life quality is supposed to be the best in my country, working as a software engineer, making ~4 times more than the average salary and the rent and houses grew more than 100% in under 3 years. The problem is that the market adapted to us, the IT workers who can afford a decent rent or buy a house but what happens to students (which are a lot of them here) and people who make the minimum salary (which is ~250 euros / month) ? They are forced to live 3 or 4 in the same apartment or stay in a nearby location outside the city and then commute a longer distance. I expect a market crash in a few years and I'm wondering what will happen. My landlord did borrow a crazy amount of money to pay for an apartment and if the market crashes I expect my rent to go down but that won't happen anyway since the bank probably won't lower his rate. We are all fucked really. This is something that will happen in all growing cities, at one point something will explode. |
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