The single biggest factor is laws about review of building proposals, whether community review that lets the locals vote (surprise surprise, prima facie humans pretty much always vote 'no' to building new things near them), or environmental review that too easily decides a certain level of ecological damage is too much. Zoning per se is deffo the biggest runner up factor after those review regulations, but mainly gives rise to compositional problems like food deserts more than explicit lack of supply altogether.
@@hoiyaeyunhoiyaeyun7401 nah it's zoning first. Like in the US you can't buy denser housing around a city than single family home which drives up the prices like crazy. In Hong Kong the area that's allowed to be build on is too small. Places where that isn't the case have much lower housing costs. The second problem is that investors who build new homes started to focus more on luxury homes and ignore middle class homes so the increase of supply falls below the increase of demand, meaning higher prices. Also all types of contractors prefer the big luxury projects over middle class home work.
Zoning laws are more of a limitation, the bigger picture here is skyrocketing land value with severely lacking adjustments in land use and the resulting massive market inefficiency. All of that would only be countered by recapturing the land value for public benefit to the public it originates from.
As a child of Russian immigrants into Finland, with a very low level of income and living in the hoods (Kontula), living also in old commieblocks, I can attest that public transport is excellent for providing families the opportunities to have social mobility. Especially if its coupled with free education and public access to many government services to make people progress in life. As a result of these policies, I've become the first university-educated person in my family. Though many of course in the low-income areas still fall through the cracks of living eternally on unemployment money. But I have to say, even the poor areas are becoming gentrified, which makes me claim that the situation of the poor class doesn't seem to be moving into a better direction. Especially coupled with the salaries not growing since 2008 and inflation only getting higher. But the single most important thing is, that no matter what, given the high availability of housing and numerous support programmes (+mandatory army), it really serves as stabilising factor for providing society means to have social mobility. Kiitos kaikesta, Suomi. ❤
I can attest as a rural American that the inverse to this is that if you don’t have a car or arent allowed to drive one and don’t live in a city you’re just fucked. Straight up. And im talking areas where it’s like a 6 mile walk over a mountain road to get to the main part of town. but i guess this is universal just logically, unless if you live in a subsistence farming part of the world or something lol
public transport has been destroyed in FInland. In Kanta hame you have to walk 10 km from a certain village to another to get a bus which comes and goes to and from helsinki only twice a day nowadays. In addition the closest train station is 25km away. How is this acceptable? How are young people supposed to go out to improve qualifications and get jobs? Its a fucking nightmare. Derzhis' brat- my prorvemsya :)
I just wish I could even get any help from the government in America lol only thing they give you when broke in my state is healthcare ironically and like fifty bucks a month for food I'm so jealous of people in countries with a safety net for when you lose a job or get sick or incarcerated etc And even when I do get a job so much of my money goes into the mandatory car I have to have to be able to work it's rough so I also envy the public transit that is functional. Here it takes a bus two and a half hours to do a drive that takes around 20-24 minutes. Fucking Midwest man and now it's 50F in February here for the last two weeks straight when it used to be 0-20F this time of year 20 years ago
Damn it, there it is. The mentioning and praising of Finland has obligated me to be a follower of the channel for the rest of eternity as the contract demands.
Yep I'm an assistant city planner in the US and the solution really is to build more fuckin housing, simple economics. Reserving some housing at non-market rate for the elderly living on pensions or poor/young people getting on their feet is important, but like maybe 10% of the stock max to not mess with supply/demand. Otherwise fuck insane zoning regulations limiting density (and in turn supply) and all the boomers that think any changes to the regulations means instantly devaluing their houses and turning their 99% white suburb into a hood. Funny how this is another one of those issues where progressive and libertarian types agree that government needs to deregulate something unless it relates to public health/safety.
**All the boomers that think any changes to the regulations means instantly devaluing their houses and turning their 99% white suburb into a hood.** Detroit.
as a city planner if ur interested in that sort of stuff lookup Robert Moses referred to as a "power" broker because he controlled who could build what and where
shoutout to the planners. we gotta gang up across borders and take back development. Blows my mind that my NGO work that brings affordable housing got gov funding cut to give to a PRIVATE for profit development company that allegedly (we 100% know they did it cuz mafia) had an accidental fire on single family homes....the gov used the money that was meant for downpayment support to a company who literally caused their own problem....I cant even comprehend how corrupt real estate is in North America. Like why did the encampment of homeless people (not drug users) get forcibly removed to make way for the construction of the 3rd costco in my area? The amount of land they took up could have been used for at least 50-60k people to live....I will yap to anyone who will listen because the more people who understand how the problem arises the more power we have to take action. Urban Planning should be taught in school alongside homesteading and growing crops. I hate the rhetoric of socialist programs....lets make our people self-reliant and give them the education to do so. No more fucking calculus (go to uni for that), replace it with accounting and mandatory education on local government and partcipation in city halls. ugh sorry for the rant lol
I'd bet he already has and is typing up a video for it. Let's face it, if there's any voice to go through some kind of three step plan to get world peace and insult some stupid political strategies, he's the guy.
The other thing with redlining is gentrification. Since the property in the red is so low people can buy them up for hella cheap and hold onto them, then when the government starts to “revitalize” that area (gentrified) into a cultural district, the government or private investors now want to buy that property from you and you turn a profit sometimes up to 100k since when you bought it
Just so you're aware the opposite also exists and it is called "blockbusting" Millions of Americans who wanted to stay in areas that became ghettos lost their houses and any wealth in it to blockbusting and integration.
@@mickeygraeme2201 Yep! They were mostly black and it was called urban renewal in the 60's. Their communities were destroyed to make way for highways and interstates. If anybody is interested just google "urban renewal maps"
biggest issue with Canadian housing is red tape and zoning. It's less profitable to make high density housing because the lands expensive, because its zoned for high density. Its expensive to produce high density land because you need to buy low density land and lobby the government to make it high density (which takes years and requires approval from neighbor's). In some cities, this leads to developers buying farm land to get around neighborhood approval. Which is harder to do in the more expensive cities because they're geographically restricted.
Canadian here, it is the developers and real estate moguls themselves lobbying (bribing) the politicians to maintain the current land use policies of single family zoning since it's more profitable than large apartmemts
It's so clear cut it's getting insane. We KNOW there's corruption & scheming going on, we have a news story every other week about a major corporation "misplacing" 50 million & it ending up in the hands of a cabinet member or MP. There are no consequences for them, and no future for us.
Let's not pretend it's all just big, bad business. I'm sure plenty of average city homeowners who'd get very, very angry, if somebody came up with a scheme that would threaten their "basic human right" to get paid several times what they gave for a home, once they're ready to get something bigger / fancier.
Our housing market here in the U.S. isn’t nearly as overpriced as it is Canada, but we also have a problem with housing getting to expensive. But our problem comes from large companies buying out large portions of land so that they get to choose what houses go on it and what to charge. Of course America is huge so you can get around that by just buying your own land a little further out from the cities (which is where American suburbs came form), but I understand that for some people they need to be closer to the city so that isn’t possible for everyone
I was in Finland and it was quite nice to not see any homeless people. Helsinki had a whole different vibe than Berlin for example. We have so many homeless people nowadays.
Sure having not enough houses is bad but imagine being like me and being born in Wales, where all of our nice one hundred year old cottages by the seaside have been ransacked by rich foreigners and left empty for half a year until summer comes around and they are filled with pensioners. It’s not like we’re going to get them back either because it’s just inheritance to their kids.
It was a big black pill moment when I realized that there is zero place I can just... Yell. At nothing. Just scream. Like holy hell. I don't have a single private place in my entire world. No wonder why there are paid venting rooms on the rise in America and rented soundproof rooms in japan
You didn’t mention the fact that NIMBYs exist and will block any apartments being built because they say it “doesn’t fit the character of the neighborhood” or it blocks their view of the lake or something.
NIMBYs have no responsibility to other citizens in a country whose Prime Minister has proclaimed to be the "first post-national state". No culture, no social responsibility, not my problem.
Why do you people want to force apartment blocks down the throats of people who have homes? I spent 2 years homeless. Through what I think might actually be miracles I was able to buy a home in a rural area. We dont want apartment buildings in our area because that brings in poor people. Poor people bring crime. How do I know that? I was homeless for 2 years. I don't want people on government assistance anywhere near my family or home. That brings in drugs and violent crime. There is a criminal class in America, and I don't want them anywhere near my family or home.
Canada should aim to develop its northern empty regions anyways. Having all the population like 50km from the American border is not ideal, especially for such a large country
@@TheHaughtyOsprey Did you forget to watch the part of the video where he explains that most Americans unfairly associate apartments with poverty? Plus a lot of people don't really want to live in the middle of nowhere, building more apartments in cities will both reduce poverty and fix the housing crisis, nobody is coming for the rural areas, don't stop people from getting housing just because "you got yours" or whatever
Gattsu is a common sense policy maker. While private homebuilding shouldn't be banned, it is clear that without competition from government housing house prices spiral out of control. Those zoning laws are shit too. Fuck zoning laws, even getting rid of them without public housing would do a lot of good.
London real estate seems really crazy, it has an inelasticity of -2, which means that if you were to increase the supply of housing by 1%, the average price would go down 2%. So the more housing you build in London, the less it is collectively worth. I'm guessing that's a big reason why London has such a huge housing problem.
For that matter, instead of building in London, build in some random place like Bell End, Cockington or Shitney and encourage companies to move there to provide local jobs. Concentrating 90% of the population in tiny areas of the country is THE dystopian practice of today.
In the absence of government support for housing, there’s always commonly owned housing cooperatives with people can create on their own if they can pool together enough funds to start in the first place.
This is like actually the most simple issue to understand with the most simple solution yet polticions just stand around like so many countries haven't already solved this.
Literally. Politians in my country literally be saying - lets ban all motorcycle guys. Like bro...The tiny buttcrak sized streets cannot stand those big ass range rover parking 170% of the airflow
19:15 The US solved this problem too. They just dont give those services to people for free, and bam- now we dont have to build houses. It's such a great system that the homeless are just dying to see it!
Where I live we have had a housing crisis in some form literally since the end of the 2nd World War. The main reason for this is that we do not keep a decent balance between designated housing and immigration. Counties keep building new houses but it is always too expensive for native people starting on the housing market and even if they can afford to buy and rent it in no way do native people get priority on houses in their own counties. Instead these houses get built, and richer people from else where move in. Now their children will also need a house and likely will run into the same problem. Immigration and a lack of management is the problem. I as a citizen of let's say Amsterdam should get priority of houses in Amsterdam over someone from Berlin by default. We should have the right to keep living in the places we grew up in.
As I grew up I had to face the problem of housing in Hungary. My first thought was, okay, it might take forever, but I could throw together and finish a small building by the time i hit 30. Then I realised building material costs were also driven up into the air, along with property prices. So I thought, okay okay, i can just throw together a house crom mud or adobe or something, it actually has some pros, but I would never get a building permit for that despite the fact that there are 140 year old lived in well maintained mudhouses everywhere. So I was thinking ehat about container homes but thats a nono it actually requires more permits and you can bs sure that your depressed, bitter neighbour reports you. Then I thought okay, im young, i just have to go to bed with some ugly ass people at the municipality office, and I can basically get a permit, but no, you have to be deeply connected and deep pocketed since the infrastructure was built o a whim by commies and it can barely serve preexisting homes, and i a lot of areas, building permits are withheld, and only given to the highest bidder for a good reason. And then I literally got depressex and went to therapy, like fuckin ell
Actually, Canada is starting to slow down immigration. Recently they passed laws limiting international students in order to work on the housing crisis.
Canada is in the exact same situation in Australia. Even a small home in a rural town it's 10/12x the average local salary after tax. Younger people have given up.
Government restrictions like zoning, parking minimums and height limits have been shown to be the biggest factor in raising cost of housing. If you want more, cheaper housing the solution is not for the government to do more but to let developers build A SHIT TON of housing and meet the demand that exists. As you said, the more supply, the lower the prices for normal people.
@@benfennell6842 People obviously aren't talking about industrial zoning, but there's no reason not to mix various types of residential housing with one another, or most types of commercial buildings. Height limits aren't going to magically lead to 10-story buildings on every block. You can get very high density without building skyscrapers, and insofar as you _do_ build tall, you take dozens of households off the market for single-family housing, making it more affordable in general. There simply aren't enough people for even 10% of single-family houses to be replaced with high-rises.
The zones that you were talking about on the Los Angeles map is actually from redlining which is the term used to separate blacks from white people it's to actually price out blacks so the property of those areas goes up. So basically the United States purposely made it harder to buy a house. Never mind you mentioned redlining this before you talked about it in the video. Anyways great video bro
I'm glad he actually had to say the truth that racial discrimination led to the housing problems in the western world. Developers INFLATED the prices of homes and land to keep black people out of suburbs and stuck in the city poor areas (where they were stuck renting). The prices of houses would've been way less if it wasn't for the racism.
3:28 As a Total Drama enjoyer I couldn't not notice that the prize you'd get in the cartoon after 8 weeks of pure torture in not enough to even buy a house in your home country. Reality is overcoming fantasy
A country with almost the same situation as Armenia is Chile. Minimum Salary in Chile is $400, apartments cost from $80.000 to $200.000. We've had a housing crisis for a while now and doesn't look like it's gonna get better, I'm leaving.
I believe they are also counting on emigrants returning home. It kinda makes sense, people move out to the west where they make more money and then they come back it's suddenly all really dirt cheap to them. In Eastern Europe developers can just bet on people returning from the west, with a western salary and a lot of euro shekels saved up, as well as western sex tourists.
there is not realy a significant shortage on housing. companies and landlords just buy up whole builduings and apartments just to let them stay empty on purpose
It’s crazy because in the red lined areas today they’re being gentrified and less affordable to live in. Just look at South LA or even the LAX area which used to be the hood lol
homie i get u. While i aint in a post soviet country i truly adore that my country’s main industry is tourism and companies/ rich bastards hoarding apartments to turn them into airbnbs means renting an apt on avg is 70% of the minimum wage🎉🎉
The also abysmal disegard for tarrace housing, like it's best of both worlds, it's literally just a tower put sideways, house next to house and still having a garden. Who would've tought that building style from Industrialaising britan would still be prefect solution ?
You forget something very important. Single family zoning is crucial for the American Dream aesthetic. Its the image they want people to have when they move to an american city. It's this what they sell to Americans, Canadians amd Immigrants alkle. Nobody move to eagle land for the jobs. The self made man living in a big suburbia house while working on a bustling dawntown area.
> Nobody move to eagle land for the jobs. Who knows. Quite a few people look at their salaries back home, and then look at Eagleland which has somewhere between 2 and 10 times the salary (depending on a country position etc.) and often lower taxes And lower energy prices per income, or just lower in general. etc. etc. Single detached house is just part of a package, but not entire package.
From Australia. The housing crisis is so horrible here, yet people are still out protesting building apartments. Some areas such as the Inner West of Sydney are under 10km from the city center and are all single family homes. You have train stations with zero density around them. Recently the government has pushed to build apartments within 800m of every train station in the city but the opposition has been massive. I grew up in the north shore of sydney, and seeing all the opposition from here has been horrible as i'm more than likely to end up in car dependent suburbia hours away from everyone i know. Forcing less wealthy people further west and forcing them to commute hours into the city on toll roads is only going to keep people trapped in poverty.
You a real one for mentioning Singapore. Didnt expect you to give us a mention, but was hella surprised. PS: We were all waiting for ur ilia topuria mention after ufc 298
A reminder than zoning is not the only issue. Don't have zoning where I live (mostly apartments) and still the only thing that gets built is luxury hotels. Housing as an investment is what caused it here.
Same here in the Midwest of America (in a city with 250,000) it sucks to work forty fucking hours a week and not be able to afford shit that's like two hours of free time on most days
I live in the Netherlands and my house is 148m2 and cost around 290.000 euros 50000 people live in this place . I work 1 job have 3 kids and a wife that works par time
6:15 - New Belgrade. I used to live there for 8 years, and it was the best place to live with a family in entire Serbia. Great infrastructure, schools, kindergartens, shopping centers, communal space in each block. A lot of greenery, 2 rivers flowing, great public transport (compared to the rest of the Serbia) and it is flat, so you can get anywhere with a bike. Traffic jams were not so bad, like in the Old Belgrade. If I didn't live in Novi Sad right now, this is the place I would like to live and raise my family. Maybe one day I go back there to live. Who knows.
Although I agree with you, building more houses is only one half of the problem. Cos even if you build more there's nothing to stop the wealthy from hoovering them up and renting them out. Here in the uk I'v worked on building projects/housing estates where most of the plots have been bought up before the cracassing has been assembled. I'm from Cornwall, where this gets worse as most of the homes have been bought out as holiday homes making certain parts of the area ghost towns during the winter. You can imagine what this has done to the local economy. With many villages loosing their shops and pubs, which then get sold and turned into more holiday homes. The problem is the wealthy. They could build more homes, but that would affect their portfolios. Inequality will continue to get worse so long as big number go up.
14:49 There are a lot of prefabricated houses in Finland too as well as publicly funded ones from the 70s/80s, but even the commie block esc houses (preserved for students around universities) don't look too bad as these are maintained and have some coloration too. It's effective and cheap, maybe what we need is people creating solutions to keep them looking nice and not billion euro infinite glass boxes in their stead.
Dude in Belgium only kids from rich people can get a house. It’s freaking insane they give €6000 bonuses for rich people who buy an electric car instead of a regular new one🤦♀️. I can barely afford my freaking bus pass.😑 I have the option: have a kid and rent for life or stay childless for ever and maybe one day own an apartment far away from any city. My landlord owns 200 houses but the rotting windows with mushrooms growing on them is a bit too expensive.😑 The eu needs to set some rules to create a more equal society.
Its crazy. In Denmark even though we make high saleries, but i think its very simular to canada. In 2023 there were only 22 propperties in a city of 1,4 milion, under 150.000 dollar for sale.
The problem is not even not lack of houses. The problem are LANDLORDS. For example in Poland landlords buy 70% of houses on the market, just to do entire bussiness on renting it.
If you have a house in a suburbia that is 70% you don't want a apartment block near your house since it will lower the price of your house. And these people exist and they vote!
To be honest about commie blocks, I feel like with proper maintenance, some colorful paint and perhaps small upgrades to architecture (like adding some details instead of flat wall) they could be much better.
I always thought this about ugly tower blocks, why can’t they paint them pastel colours or something? Have a cool garden roof with greenery. It would make a huge difference in mood in those areas, more uplifting. So much brutal architecture is making society depressed, we all need more environmental beauty in our lives!
One thing you're ignoring is that the housing market in the US is that it's run by greed. Homeowners know that if they keep their properties filled with houses that can fit only one family = big rent paycheck so they literally choose not to build apartments etc.
Everything is greed driven in capitalism? Why would people piss away free money. Instead, allow them to build more on the lots and potentially make more money with more units rather than restrict the possibility from ever happening (with zoning)
Found your channel the other day, really dig the content and the message behind it. Found out about Georgia being a decent country from NFRKZ and lately i was even considering to travel to tblisi as a solo tourist. Have only travelled nearby euro countries and russia so far and would have never considered such small gems on the map if it were not for such content. Btw im living in vienna and yes it is one hell of a based city 🥰
dude poland has commie blocks that went to private school and became posh af. They're all restomoded and they feel like any nice building on the inside
I like the idea of zero taxes for land that is densely populated compared to neighboring regions. The local cults would totally take advantage of that money hoarding scheme.
Auaaa, you hit me right in the face with this one!! I am from Luxemburg, and lets say....housing prices are....."special". I mean if you dont inherit or work in some insane paying job, its literally impossible to get something more than a 1 room apartment. Let alone buy anything. For example: Minimum wage (What you earn for handwork jobs, like what I myself work in) ~ 3100€/month = 37200€/year Average Family house in a village or a small apartment in a slightly bigger village = 1'000'000-1'750'000€ You simply need to save your entire earnings for around 40 years and then yayy, you can buy a house yippee....*starts sobbing* .... *lays in the corner crying* Yeah, the youth is just lazy fuck em and keep speculating on housing prices.
The Most effective apartments would be mixed-used attached apartments like in most of Europe, we've been building them for more than 1000 years for a reason. American cities also used to have them but, cars and zoning laws destroyed them.
You're technically right, but actually no, this is more humor than anything cause it's logical on it's face, the problem is simply put that money is getting more and more worthless, and you need more of it to pay for something (inflation) this is (partially) due to some wealthy people hoarding land under the guise as a business, which can include banks, so not only real-estate companies are trying to get the slice out of the pie, but banks are too, it's an investment after all, and they understand money- not everything will make money within a year, but give it 5 and that fancy new house will probably be bought by some stupid person with a white-picket fence dream, the biggest problem is the economy and there's no safeguards to keep corporations from turning housing and land into something of a luxury for the average person, people find loop holes by finding ways to MAKE MONEY, or save till they whittle themselves down to the bone, cause if you don't need it to survive then it's a comfort you can't afford and some people can't live without that which makes their lives more miserable in the future.
The housing crisis exists as a byproduct of a greater issue regarding the stuff houses are built on and their innate (physical and market) qualities: land values. Social housing is an adequate solution, but if it to be opposed on the grounds of free market fundamentalism-and because it inevitably won’t be a *full* solution-I can only suggest turning the market forces against those in who the responsibility for market inefficiency rests. Thank you for coming to my TEDTalk.
As a 22 year old in canada whis been working since he was 16 and saving like 70% of what i make, im still so far behind affording a house, and i have 55k in the bank, and still so far off from a down payment
21 year old American here, pretty much the same story… working since 16 saving a majority and still nowhere near the mark. I’m just so lucky to have family cause lord knows the government doesn’t give a shit about me
I come from a very small country in SEA where land is scarce and housing prices are pretty insane. The solution of building more houses doesn’t really apply here.
IG reels be like: 60% car crash family obliterated
30% Ninja sound effects
10% austrian painter speech edits
It feels so weird to see nice and peaceful comments of UA-cam after seeing atrocious instagram content all the time
Also 5% Cartel reels for some reason
Waut what???@sobrokeboi
☠️
60% funi memes
40% my gay ass friends
wtf guys..
Zoning laws are probably one of the worst factors contributing to housing crises worldwide. That's the main problem in Hong KOng too
It's crazy how many people all over the planet are dealing with this bull shit
The single biggest factor is laws about review of building proposals, whether community review that lets the locals vote (surprise surprise, prima facie humans pretty much always vote 'no' to building new things near them), or environmental review that too easily decides a certain level of ecological damage is too much.
Zoning per se is deffo the biggest runner up factor after those review regulations, but mainly gives rise to compositional problems like food deserts more than explicit lack of supply altogether.
@@hoiyaeyunhoiyaeyun7401 nah it's zoning first. Like in the US you can't buy denser housing around a city than single family home which drives up the prices like crazy. In Hong Kong the area that's allowed to be build on is too small. Places where that isn't the case have much lower housing costs. The second problem is that investors who build new homes started to focus more on luxury homes and ignore middle class homes so the increase of supply falls below the increase of demand, meaning higher prices. Also all types of contractors prefer the big luxury projects over middle class home work.
Zoning laws are more of a limitation, the bigger picture here is skyrocketing land value with severely lacking adjustments in land use and the resulting massive market inefficiency.
All of that would only be countered by recapturing the land value for public benefit to the public it originates from.
Where I live in New Zealand housing median multiple is 10.8 while Canada is 5.8 and US is 5.0. We have a population of 7-8 million
As a child of Russian immigrants into Finland, with a very low level of income and living in the hoods (Kontula), living also in old commieblocks, I can attest that public transport is excellent for providing families the opportunities to have social mobility. Especially if its coupled with free education and public access to many government services to make people progress in life. As a result of these policies, I've become the first university-educated person in my family. Though many of course in the low-income areas still fall through the cracks of living eternally on unemployment money.
But I have to say, even the poor areas are becoming gentrified, which makes me claim that the situation of the poor class doesn't seem to be moving into a better direction. Especially coupled with the salaries not growing since 2008 and inflation only getting higher. But the single most important thing is, that no matter what, given the high availability of housing and numerous support programmes (+mandatory army), it really serves as stabilising factor for providing society means to have social mobility.
Kiitos kaikesta, Suomi. ❤
Ollaan onnellisia että tulitte :)
I can attest as a rural American that the inverse to this is that if you don’t have a car or arent allowed to drive one and don’t live in a city you’re just fucked. Straight up. And im talking areas where it’s like a 6 mile walk over a mountain road to get to the main part of town. but i guess this is universal just logically, unless if you live in a subsistence farming part of the world or something lol
👍
public transport has been destroyed in FInland. In Kanta hame you have to walk 10 km from a certain village to another to get a bus which comes and goes to and from helsinki only twice a day nowadays. In addition the closest train station is 25km away. How is this acceptable? How are young people supposed to go out to improve qualifications and get jobs? Its a fucking nightmare. Derzhis' brat- my prorvemsya :)
I just wish I could even get any help from the government in America lol only thing they give you when broke in my state is healthcare ironically and like fifty bucks a month for food I'm so jealous of people in countries with a safety net for when you lose a job or get sick or incarcerated etc
And even when I do get a job so much of my money goes into the mandatory car I have to have to be able to work it's rough so I also envy the public transit that is functional. Here it takes a bus two and a half hours to do a drive that takes around 20-24 minutes.
Fucking Midwest man and now it's 50F in February here for the last two weeks straight when it used to be 0-20F this time of year 20 years ago
Damn it, there it is. The mentioning and praising of Finland has obligated me to be a follower of the channel for the rest of eternity as the contract demands.
🇫🇮🇫🇮FINLAND MENTIONED 🇫🇮🇫🇮🇫🇮🇫🇮
You should check my stuff out cause I hear Finland is cool😅
need answers about the white women
It's a pity that Gattsu abandoned the channel. no video for 1 hour
İt's so over for him
Cringe comment
@@xiphine WAAHHASN JUOW
ok sorry
10:05 that image still of hasan when you said "low-class whites" fucking killed me lmao
the fact he dresses so much like white trash as a turkish-american is definitely cultural appropriation
arabs are white now?
he is tho
@@Kierakguy is nephew of the owner of the young turks, lives in a mansion, and stuff. Guy is a caviar communist.
MENA people are considered white by the USA
Yep I'm an assistant city planner in the US and the solution really is to build more fuckin housing, simple economics. Reserving some housing at non-market rate for the elderly living on pensions or poor/young people getting on their feet is important, but like maybe 10% of the stock max to not mess with supply/demand. Otherwise fuck insane zoning regulations limiting density (and in turn supply) and all the boomers that think any changes to the regulations means instantly devaluing their houses and turning their 99% white suburb into a hood. Funny how this is another one of those issues where progressive and libertarian types agree that government needs to deregulate something unless it relates to public health/safety.
**All the boomers that think any changes to the regulations means instantly devaluing their houses and turning their 99% white suburb into a hood.**
Detroit.
Most millennials are having trouble buying homes of their own in fact it's so bad that most of them are at home with their parents.
as a city planner if ur interested in that sort of stuff lookup Robert Moses referred to as a "power" broker because he controlled who could build what and where
shoutout to the planners. we gotta gang up across borders and take back development. Blows my mind that my NGO work that brings affordable housing got gov funding cut to give to a PRIVATE for profit development company that allegedly (we 100% know they did it cuz mafia) had an accidental fire on single family homes....the gov used the money that was meant for downpayment support to a company who literally caused their own problem....I cant even comprehend how corrupt real estate is in North America. Like why did the encampment of homeless people (not drug users) get forcibly removed to make way for the construction of the 3rd costco in my area? The amount of land they took up could have been used for at least 50-60k people to live....I will yap to anyone who will listen because the more people who understand how the problem arises the more power we have to take action. Urban Planning should be taught in school alongside homesteading and growing crops. I hate the rhetoric of socialist programs....lets make our people self-reliant and give them the education to do so. No more fucking calculus (go to uni for that), replace it with accounting and mandatory education on local government and partcipation in city halls. ugh sorry for the rant lol
Literally nobody wants to live in "New housing" since it is mostly on the outskirts of cities. Because of that no company will build houses there.
Gattsu will one day find a way to create world peace
But then he'll get bored and restart conflict again.
hoi4
Good one…
I'd bet he already has and is typing up a video for it. Let's face it, if there's any voice to go through some kind of three step plan to get world peace and insult some stupid political strategies, he's the guy.
Even then he won’t get canadian visa
Legit though
12:06 nice tabs
😂😂😂😂😂😂😂
The other thing with redlining is gentrification. Since the property in the red is so low people can buy them up for hella cheap and hold onto them, then when the government starts to “revitalize” that area (gentrified) into a cultural district, the government or private investors now want to buy that property from you and you turn a profit sometimes up to 100k since when you bought it
Taxing land more than the property on it would disincentivize speculative land holders
Just so you're aware the opposite also exists and it is called "blockbusting" Millions of Americans who wanted to stay in areas that became ghettos lost their houses and any wealth in it to blockbusting and integration.
@@mickeygraeme2201 Yep! They were mostly black and it was called urban renewal in the 60's. Their communities were destroyed to make way for highways and interstates. If anybody is interested just google "urban renewal maps"
@@mickeygraeme2201 yeah it was called urban renewal
@@yolkthosenuts Urban renewal attempts didin't come until the urban decay. These were mostly private developer initiatives.
biggest issue with Canadian housing is red tape and zoning. It's less profitable to make high density housing because the lands expensive, because its zoned for high density.
Its expensive to produce high density land because you need to buy low density land and lobby the government to make it high density (which takes years and requires approval from neighbor's).
In some cities, this leads to developers buying farm land to get around neighborhood approval. Which is harder to do in the more expensive cities because they're geographically restricted.
brah forgot to remove his tabs😂 12:18
blud, do you know what a joke is
@@Liar587 I know it is chill out🙏🤣
it shouldve been gay! >:C
Man, the best part is the Georgian national anthem
@@skylinedatsun no crap, contestant for the best comment of 2024 according to me
I love living in Croatia where most of the land is bought off by very wealthy Europeans who just want a vacation house 😊
Finders keepers, pal! Congrats, you just found your new squat! 🤣
As a czech K apologize ❤
Canadian here, it is the developers and real estate moguls themselves lobbying (bribing) the politicians to maintain the current land use policies of single family zoning since it's more profitable than large apartmemts
You’ve also got wealthy investors hoarding multiple houses they never go to.
It's also the fact that none of you will live more than a few miles from the US border.
It's so clear cut it's getting insane. We KNOW there's corruption & scheming going on, we have a news story every other week about a major corporation "misplacing" 50 million & it ending up in the hands of a cabinet member or MP.
There are no consequences for them, and no future for us.
Let's not pretend it's all just big, bad business.
I'm sure plenty of average city homeowners who'd get very, very angry,
if somebody came up with a scheme that would threaten their
"basic human right" to get paid several times what they gave for a home,
once they're ready to get something bigger / fancier.
Our housing market here in the U.S. isn’t nearly as overpriced as it is Canada, but we also have a problem with housing getting to expensive. But our problem comes from large companies buying out large portions of land so that they get to choose what houses go on it and what to charge. Of course America is huge so you can get around that by just buying your own land a little further out from the cities (which is where American suburbs came form), but I understand that for some people they need to be closer to the city so that isn’t possible for everyone
The reupload goes crazy
Yeah but why he reuploaded tho???
cuz he cant afford rent duh @@_Matt_Matt_365_
I got confused when the video said it was private after I watched it the first time lol
@@_Matt_Matt_365_i think the original got taken down
20:09 might have something to do with it, cant tell if hes bein srs or not
I was in Finland and it was quite nice to not see any homeless people. Helsinki had a whole different vibe than Berlin for example. We have so many homeless people nowadays.
Living in Southern California got me wanting to kiss a power outlet
Noooooooo bro we need more golf courses and vacant land
And giant houses with only two people in them lmao tons of them around me
And more airbnbs don't forget about that
Bro golf courses are valid though
Sure having not enough houses is bad but imagine being like me and being born in Wales, where all of our nice one hundred year old cottages by the seaside have been ransacked by rich foreigners and left empty for half a year until summer comes around and they are filled with pensioners.
It’s not like we’re going to get them back either because it’s just inheritance to their kids.
If yall fellas cant take em back, NOONE CAN
It was a big black pill moment when I realized that there is zero place I can just... Yell. At nothing. Just scream.
Like holy hell. I don't have a single private place in my entire world. No wonder why there are paid venting rooms on the rise in America and rented soundproof rooms in japan
No car?
I recently started to just go out into the woods and scream everything out like once a week.
Go to Appalachian Trail
The old urban trick is yelling into a pillow. Not quite the same, but we need to behave in a civil way to live in a civil place.
You didn’t mention the fact that NIMBYs exist and will block any apartments being built because they say it “doesn’t fit the character of the neighborhood” or it blocks their view of the lake or something.
NIMBYs have no responsibility to other citizens in a country whose Prime Minister has proclaimed to be the "first post-national state". No culture, no social responsibility, not my problem.
Why do you people want to force apartment blocks down the throats of people who have homes? I spent 2 years homeless. Through what I think might actually be miracles I was able to buy a home in a rural area. We dont want apartment buildings in our area because that brings in poor people. Poor people bring crime. How do I know that? I was homeless for 2 years. I don't want people on government assistance anywhere near my family or home. That brings in drugs and violent crime. There is a criminal class in America, and I don't want them anywhere near my family or home.
Canada should aim to develop its northern empty regions anyways. Having all the population like 50km from the American border is not ideal, especially for such a large country
@@TheHaughtyOsprey Did you forget to watch the part of the video where he explains that most Americans unfairly associate apartments with poverty? Plus a lot of people don't really want to live in the middle of nowhere, building more apartments in cities will both reduce poverty and fix the housing crisis, nobody is coming for the rural areas, don't stop people from getting housing just because "you got yours" or whatever
@@TheHaughtyOsprey "I had a shit life so everyone else also should" dude you're brainwashed that's what.
Gattsu is a common sense policy maker. While private homebuilding shouldn't be banned, it is clear that without competition from government housing house prices spiral out of control. Those zoning laws are shit too. Fuck zoning laws, even getting rid of them without public housing would do a lot of good.
I sadly didn't see the original, but I'm glad that Gattsu uploaded
London real estate seems really crazy,
it has an inelasticity of -2,
which means that if you were to increase the supply of housing by 1%,
the average price would go down 2%.
So the more housing you build in London, the less it is collectively worth.
I'm guessing that's a big reason why London has such a huge housing problem.
more like its because of real estate who owns 20 houses and makes you rent them for a very expensive price or sell a house twenty times more expensive
For that matter, instead of building in London, build in some random place like Bell End, Cockington or Shitney and encourage companies to move there to provide local jobs. Concentrating 90% of the population in tiny areas of the country is THE dystopian practice of today.
@@MyVanir how about Sunderland?
In the absence of government support for housing, there’s always commonly owned housing cooperatives with people can create on their own if they can pool together enough funds to start in the first place.
Gattsu slowly turning into gen-z Not just bikes
So not just bikes
@@ee-ef8qr isnt he like 40 something?
@@ee-ef8qrthat tree scares me
This is like actually the most simple issue to understand with the most simple solution yet polticions just stand around like so many countries haven't already solved this.
money
First thing you do when become a politician is, buy yourself a beachfront property.
@@wydua yup. US government is not as corruption proof as it should.
@@anti-emo4721cry about global warming, buy beachfront property.
Literally. Politians in my country literally be saying - lets ban all motorcycle guys. Like bro...The tiny buttcrak sized streets cannot stand those big ass range rover parking 170% of the airflow
19:15 The US solved this problem too. They just dont give those services to people for free, and bam- now we dont have to build houses. It's such a great system that the homeless are just dying to see it!
Where I live we have had a housing crisis in some form literally since the end of the 2nd World War. The main reason for this is that we do not keep a decent balance between designated housing and immigration.
Counties keep building new houses but it is always too expensive for native people starting on the housing market and even if they can afford to buy and rent it in no way do native people get priority on houses in their own counties. Instead these houses get built, and richer people from else where move in. Now their children will also need a house and likely will run into the same problem. Immigration and a lack of management is the problem.
I as a citizen of let's say Amsterdam should get priority of houses in Amsterdam over someone from Berlin by default. We should have the right to keep living in the places we grew up in.
As I grew up I had to face the problem of housing in Hungary. My first thought was, okay, it might take forever, but I could throw together and finish a small building by the time i hit 30. Then I realised building material costs were also driven up into the air, along with property prices. So I thought, okay okay, i can just throw together a house crom mud or adobe or something, it actually has some pros, but I would never get a building permit for that despite the fact that there are 140 year old lived in well maintained mudhouses everywhere. So I was thinking ehat about container homes but thats a nono it actually requires more permits and you can bs sure that your depressed, bitter neighbour reports you. Then I thought okay, im young, i just have to go to bed with some ugly ass people at the municipality office, and I can basically get a permit, but no, you have to be deeply connected and deep pocketed since the infrastructure was built o a whim by commies and it can barely serve preexisting homes, and i a lot of areas, building permits are withheld, and only given to the highest bidder for a good reason. And then I literally got depressex and went to therapy, like fuckin ell
Actually, Canada is starting to slow down immigration. Recently they passed laws limiting international students in order to work on the housing crisis.
thank god maybe they can actually build something
Literally a bandaid over a gunshot wound as it stands right now
@@computertable3746no we still have our horrible zoning laws
@@williamrobinson5859 thats describes 95% of trudeaus solutions
Canada is in the exact same situation in Australia. Even a small home in a rural town it's 10/12x the average local salary after tax. Younger people have given up.
as a teenager living in Australia I am scared shitless on what will happen when I move out and the housing prices skyrocket even more
Government restrictions like zoning, parking minimums and height limits have been shown to be the biggest factor in raising cost of housing. If you want more, cheaper housing the solution is not for the government to do more but to let developers build A SHIT TON of housing and meet the demand that exists. As you said, the more supply, the lower the prices for normal people.
While true, that doesn't mean that government can't also make houses cheaper
You do NOT wanna have no zoning or height limits, you're gonna end up living in a fucking HELLSCAPE
If you remove regulations you will just end up with companies building tofu dreg tier houses.
@@domexn4 mfw I live next to a sewage treatment plant in my 20 storey commie block with nothing around for miles (but the rent is cheap!)
@@benfennell6842 People obviously aren't talking about industrial zoning, but there's no reason not to mix various types of residential housing with one another, or most types of commercial buildings.
Height limits aren't going to magically lead to 10-story buildings on every block. You can get very high density without building skyscrapers, and insofar as you _do_ build tall, you take dozens of households off the market for single-family housing, making it more affordable in general. There simply aren't enough people for even 10% of single-family houses to be replaced with high-rises.
It's actually been 1.2 million people into Canada since 2021. The 500k didn't include the other visas types net growth
The funny part is that many of them just want to go to America but settle for Canada until the chance to go down south appears.
The Euclidian model was such a failure in the past 70 years in the West.
thank you ohio
12:06 Nice tabs you have there innit
This video made me a Chinese warlord
I'v got myself a Cheat Code to life:
I'm gonna live in a motor home. It bypasses TONS of problems.
Same
"Artificial Scarcity" sound like the root of most problems today
MAN!!! You've done such a massive research and made this video!!! Appreciate it!!!
The zones that you were talking about on the Los Angeles map is actually from redlining which is the term used to separate blacks from white people it's to actually price out blacks so the property of those areas goes up. So basically the United States purposely made it harder to buy a house. Never mind you mentioned redlining this before you talked about it in the video. Anyways great video bro
I'm glad he actually had to say the truth that racial discrimination led to the housing problems in the western world. Developers INFLATED the prices of homes and land to keep black people out of suburbs and stuck in the city poor areas (where they were stuck renting). The prices of houses would've been way less if it wasn't for the racism.
@manovrsb especially in america, they still have their racist ass syatem and have not even begun to tackle with their horrific history of racism.
3:28 As a Total Drama enjoyer I couldn't not notice that the prize you'd get in the cartoon after 8 weeks of pure torture in not enough to even buy a house in your home country. Reality is overcoming fantasy
A country with almost the same situation as Armenia is Chile.
Minimum Salary in Chile is $400, apartments cost from $80.000 to $200.000. We've had a housing crisis for a while now and doesn't look like it's gonna get better, I'm leaving.
real i live there housing in santiago is shit
I believe they are also counting on emigrants returning home. It kinda makes sense, people move out to the west where they make more money and then they come back it's suddenly all really dirt cheap to them.
In Eastern Europe developers can just bet on people returning from the west, with a western salary and a lot of euro shekels saved up, as well as western sex tourists.
there is not realy a significant shortage on housing. companies and landlords just buy up whole builduings and apartments just to let them stay empty on purpose
Then build more and let them go bankrupt.
@@occamschainsaw3450u can't win somebody else game
It’s crazy because in the red lined areas today they’re being gentrified and less affordable to live in. Just look at South LA or even the LAX area which used to be the hood lol
gatsu you forgot to close your tabs 12:29
I like this guy. Neat little Easter eggs
In western america you starve because you can't afford both rent and food, in the perfect eastern block you starve because the store is empty.
It's not the ussr days anymore my dude
@@occamschainsaw3450don’t ruin his world. He is living in his own imaginary universe
That would be North Korea
@@occamschainsaw3450 You don't starve in any western country either, it was a joke.
@@Saufs0ldat I mean… you do make a valid point, the joke is just not good
Gattsu out here confirming that we are in a global death spiral
I love his other open taps
Hahahahahah😂
Man imagine the world if governments watched Gattsu...
They wouldn't change anything.
Capitalism encourages this my man
@@froglegstastebestsaltedAs long as capitalism exist nothing will change unless the government steps in or monetize gain
Capitalism won’t solve this but free market, with less or no dumb goofy ahs govermnet rules, check out how Argentína is doing rn
@@SirBalageGFree market will? And your example is Argentina? Lol
The American Dream is to one day be rich enough to afford avoiding consequences of Civil Rights Act.
homie i get u. While i aint in a post soviet country i truly adore that my country’s main industry is tourism and companies/ rich bastards hoarding apartments to turn them into airbnbs means renting an apt on avg is 70% of the minimum wage🎉🎉
Home!? I’d be fine with having MY OWN APARTMENT! I don’t like the idea of having to share the bill with roommates. Gotta do what I gotta do.
the accuracy of your assessment within the first 2 minutes felt like a personal attack
Shout out to the realtor at 17:28 with the last name "Poo"
The also abysmal disegard for tarrace housing, like it's best of both worlds, it's literally just a tower put sideways, house next to house and still having a garden. Who would've tought that building style from Industrialaising britan would still be prefect solution ?
You forget something very important. Single family zoning is crucial for the American Dream aesthetic. Its the image they want people to have when they move to an american city. It's this what they sell to Americans, Canadians amd Immigrants alkle. Nobody move to eagle land for the jobs. The self made man living in a big suburbia house while working on a bustling dawntown area.
> Nobody move to eagle land for the jobs.
Who knows. Quite a few people look at their salaries back home, and then look at Eagleland which has somewhere between 2 and 10 times the salary (depending on a country position etc.)
and often lower taxes
And lower energy prices per income, or just lower in general. etc. etc. Single detached house is just part of a package, but not entire package.
Also because no one wants to fucking live in a crammed in apartment. People have some dignity for themselves. Houses are great.
@kereal2591 I mean, they are. But when you can't afford one...an apartment is better than literally nothing. Dignity has nothing to do with it.
@@kereal2591Apartments are perfectly fine people just want to act like their rich
From Australia. The housing crisis is so horrible here, yet people are still out protesting building apartments. Some areas such as the Inner West of Sydney are under 10km from the city center and are all single family homes. You have train stations with zero density around them. Recently the government has pushed to build apartments within 800m of every train station in the city but the opposition has been massive. I grew up in the north shore of sydney, and seeing all the opposition from here has been horrible as i'm more than likely to end up in car dependent suburbia hours away from everyone i know. Forcing less wealthy people further west and forcing them to commute hours into the city on toll roads is only going to keep people trapped in poverty.
You a real one for mentioning Singapore. Didnt expect you to give us a mention, but was hella surprised.
PS: We were all waiting for ur ilia topuria mention after ufc 298
A reminder than zoning is not the only issue. Don't have zoning where I live (mostly apartments) and still the only thing that gets built is luxury hotels. Housing as an investment is what caused it here.
What's the point of investing money into construction if you're not going to turn a profit?
@@user-nm9qd6bo6hbeing a decent human being?
Imagine living in the Netherlands, where the average house costs 480k and rent is 1900€ a mount💀
How big is an average house in the netherlands?
Same here in the Midwest of America (in a city with 250,000) it sucks to work forty fucking hours a week and not be able to afford shit that's like two hours of free time on most days
I live in the Netherlands and my house is 148m2 and cost around 290.000 euros 50000 people live in this place . I work 1 job have 3 kids and a wife that works par time
@emir6110 bigger then here in the uk 😢
6:15 - New Belgrade. I used to live there for 8 years, and it was the best place to live with a family in entire Serbia. Great infrastructure, schools, kindergartens, shopping centers, communal space in each block. A lot of greenery, 2 rivers flowing, great public transport (compared to the rest of the Serbia) and it is flat, so you can get anywhere with a bike. Traffic jams were not so bad, like in the Old Belgrade. If I didn't live in Novi Sad right now, this is the place I would like to live and raise my family. Maybe one day I go back there to live. Who knows.
Sounds pretty good.
Although I agree with you, building more houses is only one half of the problem. Cos even if you build more there's nothing to stop the wealthy from hoovering them up and renting them out. Here in the uk I'v worked on building projects/housing estates where most of the plots have been bought up before the cracassing has been assembled. I'm from Cornwall, where this gets worse as most of the homes have been bought out as holiday homes making certain parts of the area ghost towns during the winter. You can imagine what this has done to the local economy. With many villages loosing their shops and pubs, which then get sold and turned into more holiday homes. The problem is the wealthy. They could build more homes, but that would affect their portfolios. Inequality will continue to get worse so long as big number go up.
Gattsu back with another banger
1:57 was insane 😂
14:49
There are a lot of prefabricated houses in Finland too as well as publicly funded ones from the 70s/80s, but even the commie block esc houses (preserved for students around universities) don't look too bad as these are maintained and have some coloration too. It's effective and cheap, maybe what we need is people creating solutions to keep them looking nice and not billion euro infinite glass boxes in their stead.
Dude in Belgium only kids from rich people can get a house. It’s freaking insane they give €6000 bonuses for rich people who buy an electric car instead of a regular new one🤦♀️. I can barely afford my freaking bus pass.😑 I have the option: have a kid and rent for life or stay childless for ever and maybe one day own an apartment far away from any city. My landlord owns 200 houses but the rotting windows with mushrooms growing on them is a bit too expensive.😑 The eu needs to set some rules to create a more equal society.
Its crazy. In Denmark even though we make high saleries, but i think its very simular to canada. In 2023 there were only 22 propperties in a city of 1,4 milion, under 150.000 dollar for sale.
Canadian housing prices is a sign of real stability...
We are steadily declining, but prices going up. Stability!
tfw real estate holdings are like this unironically
The problem is not even not lack of houses. The problem are LANDLORDS. For example in Poland landlords buy 70% of houses on the market, just to do entire bussiness on renting it.
This is exactly the main problem, everywhere now. Greed is destroying many societies.
Can't be a gattsu video without a reupload babyyy!!!
💪🏿💪🏿💪🏿💪🏿💪🏿🇬🇸🇬🇸🇬🇸
Gattsu spitting typical Ws once every 2 weeks,
Public housing is great! I've been to several in Finland, the standard is very good.
It is full of Finnish people so of course it would be
Thank You Gattsu. It's so important to have such a "leveling" element to set the bar straight for it all. Thank you brother, please keep it up!!
I am Lithuanian and Finland-pilled too.
If you have a house in a suburbia that is 70% you don't want a apartment block near your house since it will lower the price of your house. And these people exist and they vote!
To be honest about commie blocks, I feel like with proper maintenance, some colorful paint and perhaps small upgrades to architecture (like adding some details instead of flat wall) they could be much better.
Yeah that's called an apartment block ya genius
I always thought this about ugly tower blocks, why can’t they paint them pastel colours or something? Have a cool garden roof with greenery. It would make a huge difference in mood in those areas, more uplifting. So much brutal architecture is making society depressed, we all need more environmental beauty in our lives!
You could replace every Canada with Australia and it'd still make sense.
One thing you're ignoring is that the housing market in the US is that it's run by greed. Homeowners know that if they keep their properties filled with houses that can fit only one family = big rent paycheck so they literally choose not to build apartments etc.
Everything is greed driven in capitalism? Why would people piss away free money. Instead, allow them to build more on the lots and potentially make more money with more units rather than restrict the possibility from ever happening (with zoning)
Found your channel the other day, really dig the content and the message behind it. Found out about Georgia being a decent country from NFRKZ and lately i was even considering to travel to tblisi as a solo tourist. Have only travelled nearby euro countries and russia so far and would have never considered such small gems on the map if it were not for such content. Btw im living in vienna and yes it is one hell of a based city 🥰
Bro NAILED the situation in Canada...
This morning, I went "oh shit. I haven't seen a Gattsu video in months. I need to catch up"
boom
another upload
thank u gattsu
dude poland has commie blocks that went to private school and became posh af. They're all restomoded and they feel like any nice building on the inside
Believe it or not, even Sarajevo in Bosnia is having a housing crisis at the moment. Real estate is crazy expensive by Bosnian standards.
He probably said the gamer word in the original one
Fact
Which is why we need a Georgist tax system. A land value tax!
politically impossible to pass but it would really change things for the better
@@yolkthosenutsToo many versted interests in the USA. I could see this happening in Europe or Japan.
I like the idea of zero taxes for land that is densely populated compared to neighboring regions. The local cults would totally take advantage of that money hoarding scheme.
@@Mikewee777 Based amd cult pilled
Canadian immigration rates are way higher than 500,000 a year
Auaaa, you hit me right in the face with this one!!
I am from Luxemburg, and lets say....housing prices are....."special". I mean if you dont inherit or work in some insane paying job, its literally impossible to get something more than a 1 room apartment. Let alone buy anything.
For example: Minimum wage (What you earn for handwork jobs, like what I myself work in) ~ 3100€/month = 37200€/year Average Family house in a village or a small apartment in a slightly bigger village = 1'000'000-1'750'000€
You simply need to save your entire earnings for around 40 years and then yayy, you can buy a house yippee....*starts sobbing* .... *lays in the corner crying*
Yeah, the youth is just lazy fuck em and keep speculating on housing prices.
no views, fell off
Tragic😖
did you post this right after the video released
fax
@jateknyeremeny3287it's almost like humans are pattern seekers and reproduce expressions.
😱😱😱😱😱
The Most effective apartments would be mixed-used attached apartments like in most of Europe, we've been building them for more than 1000 years for a reason. American cities also used to have them but, cars and zoning laws destroyed them.
You're technically right, but actually no, this is more humor than anything cause it's logical on it's face, the problem is simply put that money is getting more and more worthless, and you need more of it to pay for something (inflation) this is (partially) due to some wealthy people hoarding land under the guise as a business, which can include banks, so not only real-estate companies are trying to get the slice out of the pie, but banks are too, it's an investment after all, and they understand money- not everything will make money within a year, but give it 5 and that fancy new house will probably be bought by some stupid person with a white-picket fence dream, the biggest problem is the economy and there's no safeguards to keep corporations from turning housing and land into something of a luxury for the average person, people find loop holes by finding ways to MAKE MONEY, or save till they whittle themselves down to the bone, cause if you don't need it to survive then it's a comfort you can't afford and some people can't live without that which makes their lives more miserable in the future.
The housing crisis exists as a byproduct of a greater issue regarding the stuff houses are built on and their innate (physical and market) qualities: land values.
Social housing is an adequate solution, but if it to be opposed on the grounds of free market fundamentalism-and because it inevitably won’t be a *full* solution-I can only suggest turning the market forces against those in who the responsibility for market inefficiency rests.
Thank you for coming to my TEDTalk.
i am moving back to the cave
We not even gon mention the job opportunities in the green areas compared to the red areas 😂
As a 22 year old in canada whis been working since he was 16 and saving like 70% of what i make, im still so far behind affording a house, and i have 55k in the bank, and still so far off from a down payment
ngl i applaud u for that tho
21 year old American here, pretty much the same story… working since 16 saving a majority and still nowhere near the mark. I’m just so lucky to have family cause lord knows the government doesn’t give a shit about me
I come from a very small country in SEA where land is scarce and housing prices are pretty insane. The solution of building more houses doesn’t really apply here.
hi i'm a 19 y/o canadian, yeah i am not gonna get a new house in my lifetime
Thank you for speaking of this. I have fell into depression ever since I finished high school because I know I'll never be able to afford anything.
moral of the story move to finland
cuz theyre all white 😂
@@computertable3746 ur rеtаrdеd
No one who lives in finland actually likes to live in finland
I learn something every week with Gattsu. Today I learned about HOLC redlining. Truly a spectacle of housing.