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this post was submitted on 05 Oct 2023
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Thanks for the insight, this is crazy. We are looking for houses right now here in Germany, and and the last one we visited was 269 m² for around 500.000€ and 30 minutes drive away of the inner city of the next major city. I hope politics does something about your problem, it can not stay like this.
Germany has its own insanity in the housing market :-P I lived in Germany or several years. I rented vs buying and I dreaded moving because facing that shit show of a rental process (at least in places like Hamburg) was... too much. Queuing up with 100 other people all racing to fill in the rental application form first just so they'd get a chance at a place. I quickly learned to use an agency to line up rentals... and ended up renting a VERY nice newly built flat for the same price as the old many-times-renovated flats in the same district.
I did buy a house elsewhere in Europe and it was... interesting as an expat. It was substantially cheaper than Canada... granted it was many years ago, so not a fair comparison.
The Canadian government makes noises about "fixing" the housing crisis in Canada, but... I honestly don't think they can. Houses are currently priced out of reach... WAY out of reach for the average new home buyer. People can't save up a 5% to 20% down payment fast enough to keep up with the rising cost of living. The cost of everything is increasing at multiple times their potential salary increases (if they even get any).