I am happy I managed to get into real estate and I am hoping to be able to aquire more in the next years, but man, this is a very worrying trend. I can't say I am not happy about the numbers, but will average young people still be able to purchase houses in Europe in the next decade?
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32 sats \ 0 replies \ @south_korea_ln 9 Nov
That's cute. South Korea probably 2-300% during that timeframe.
I hate it. Not because I don't own a house (I don't), but because it destroys people's ability to enjoy life. The FOMO is awful.
So, no, I'm not happy about these numbers.
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21 sats \ 0 replies \ @BitcoinIsTheFuture 9 Nov
The houses aren’t worth more the Euro is worth less
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0 sats \ 0 replies \ @SwapMarket 9 Nov
Fiat money inflation is a bitch. But average EU house prices still lagged the gold and of course Bitcoin.
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0 sats \ 0 replies \ @Solomonsatoshi 9 Nov
The price of debt went down steadily from up to 20% in the late 1980s until 2023 when it reached or even breached zero.
that drove up debt leveraged house prices.
The price of debt cannot continue to go lower and lower into the future.
It must stay where it is or rise.
House prices will generally stagnate or reduce.
Here in New Zealand they have been stagnant-declining for several years already.
Get some more recent data for Europe and I suspect you will see the same trend.
The fiat debt leveraged property ponzi scheme is over.
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0 sats \ 3 replies \ @rootmachine OP 9 Nov
I found a more recent infographic and things get even more worrying.
7% increase for the EU average... but for eg: HU had 30% increase, RO had 10% and so on.
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0 sats \ 2 replies \ @Solomonsatoshi 9 Nov
Note the leveling off of prices across the EU since 2022?
The future is stagnant or declining prices in real terms.
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0 sats \ 1 reply \ @rootmachine OP 9 Nov
teoretically is stagnant/declining. basically we have a war (in Ucraine) and crisis at the door/in house already in many EU countries. let's hope for the best.
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0 sats \ 0 replies \ @Solomonsatoshi 9 Nov
It is the price of debt that is the primary driver of property prices.
The price of debt cannot go lower from here on.
It did go lower for over three decades from the late 1980s until Covid driving up prices for all those years.
From now on the price of debt cannot go much lower...more likely only up.
Generally prices will now stagnate with some variations driven by other more location specific causes.
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