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by magicalhippo 917 days ago
Here in Norway the primary driver of the housing crisis is that people move from the countryside to larger cities, while hardly anyone does the reverse.

Ironically there's a shortage in the countryside as well, as many of those that move or inherit (ie kids moved) don't sell due to low prices, opting to keep it as a summer home.

And since prices are low it's difficult to get a loan, since sales price is often below the cost of building.