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0 pointscassepipe2y ago0 comments

Plus, OP makes 6000 euros a month which really is not nothing.

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6000 a month is huge by EU standards. Most of EU tech workers make way less than that. In Austria you can expect to take home about 3k a month. More is a rare outlier.

Outside of big-tech and FAANGS, pay in EU is super weak compared to US, like orders of magnitude.

ponector2y ago

It is huge, but still peanuts considering cost of living and prices for housing.

Many people just gave up to the dream of real estate ownership. Rent till the death.

With 6000 monthly how many years they need to save money for down payment for small apartment? Buying a house is not an option at all for working people.

dukeyukey2y ago

I don't think that's true. America's home ownership hovers around 65% - in Norway it's 80%; Swedeon 65%; Denmark 59%; Iceland 73%. If anything, a higher percentage of Nordic citizens own houses than Americans.

ponector2y ago

Someone can live with parents and in statistics they will go into "home owners" bucket. Anyway I'm talking about possibility to buy with current salary and current price. If you like statistics - search for house affordability index.

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FirmwareBurner2y ago

6000 a month is huge by EU standards. Most of EU tech workers make way less than that. In Austria you can expect to take home about 3k a month. More is a rare outlier.

Outside of big-tech and FAANGS, pay in EU is super weak compared to US, like orders of magnitude.

ponector2y ago

It is huge, but still peanuts considering cost of living and prices for housing.

Many people just gave up to the dream of real estate ownership. Rent till the death.

With 6000 monthly how many years they need to save money for down payment for small apartment? Buying a house is not an option at all for working people.

dukeyukey2y ago

ponector2y ago

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