Comments by "Schnitzel_Stephan" (@stephans1990) on "Pandemic Real Estate Bubble?" video.

  1. A personal example of how bad the market currently is where I live; I have the privilege that my parents gifted me a substantial sum of money so I was able to buy a large townhouse with 5 bedrooms (cause on a single income I wouldn't be able to buy anything). I now have multiple friends and coworkers, all with good jobs (most are higher ranked than I am) asking me if I would consider renting out rooms because they are desperate to find something.
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  2. The housing shortage has been an ongoing concern in the Netherlands for over 5 years now. What used to be the price for a small mansion, is what you currently pay for a new or renovated middle class home. In some area's of Amsterdam, houses that were build for the working class in the 1970's will now sell for over 1MLN euro's. It is true though that before COVID Amsterdam seemed to be the epic center of the price boom where since COVID prices in more rural area's of the country have experienced a higher growth in prices.
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  3.  @KieC.  I have given it thought, but besides the fact I'm not happy about the idea of strangers walking in and out of my house, there are also a lot of legal restrictions against airbnb in my country.
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  4.  @tropics8407  nope, that’s part of the problem; environmentalists have sued the government that they have to take climate change and ground pollution serious making it difficult for the government to give out permits. On top of that there is a shortage in labor and building materials. So there is no end in sight.
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  5. Don't be too sure about that though; the real estate shortage started in my country 5 years ago and realtors would also recommend against paying above the asking price because "these prices won't last". We have seen 5 years of up to 20 percent growth in housing prices in some parts of the country. A nicely renovated flat in a building that would be lower class 5 years ago, will now sell at 450.000 Euro's, which 5 years ago would buy you a standalone house in a wealthy suburb.
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  6.  @SnakeHandler-g7u  i have given it serious consideration for that reason. But my parents were strongly against it. Plus shortly after that I got a girlfriend and she came with a similar offer if she could rent a room in my house and I accepted that offer.
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  7.  @dwightcarlson7136  Netherlands
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