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by Err_Eek 1891 days ago
> I think less people are interested in actually owning their housing.

How do you reconcile this impression of yours with the fact that housing prices are shooting up in all major cities, and have been so for decades? Why is this happening if fewer people are actually interested in owning their own housing?

As a sidenote: in my own personal experience housing is the single major issue of all my close friends and family, but it's only an option for a small minority of them. In fact, I have never met a single person who was in the financial position to buy a house/apartment and didn't do so.

1 comments

Simple, rich people looking for stable assets. I mean sure its not as simple as that but this is generally what is happening in my city. Old space with smaller houses is bought and built on by big housing companies. More and more space in the city is owned by a few big (some stock traded) companies.

I live in Switzerland and a lot of my social circle is in tech, so i know quite some people who have the financial means to own their housing but only few do. Most in the high income spectrum even use the flexibility of moving regularly.

I personally don't consider buying a house anytime soon either. I could prolly afford the house i rent, however i dont live near a city, i highly doubt the value would ever rise, more the opposite as the house is old and needs regular repairs. Buying the house would be like 350 times the rent, at least. Plus all the repairs are suddenly my problem.