So there’s a ton of countries that I’ve heard have had truly unaffordable housing for decades, like:

  • The UK
  • Ireland
  • The Netherlands

And I’ve heard of a ton of countries where the cost of houses was until recently quite affordable where it’s also started getting worse:

  • Germany
  • Poland
  • Czechia
  • Hungary
  • The US
  • Australia
  • Canada
  • And I’m sure plenty others
  1. It seems to be a pan-Western bloc thing. Is the cause in all these countries the same?
  2. We’ve heard of success stories in cities like Vienna where much of the housing stock is municipally owned – but those cities have had it that way for decades. Would their system alleviate the current crisis if established in the aforementioned countries?
  3. What specific policies should I be demanding of our politicians to make housing affordable again? Is there any silver bullet? Has any country demonstrably managed to reverse this crisis yet?
  • ECB
    5·
    2 days ago

    They’ve been building big public housing since the 1920s. I live next to a lot of it and it’s quite high quality and really pleasant.

    Lots of cities/countries has massive public housing (the UK being a great example post WW2) but Vienna is more of an exception in that they didn’t follow the trend in the 70s-90s of privatization and stopping investment (although it did slow down at one point).

    They were the same way about their tram system, where they kept it rather than ripping it out like most places. Now everyone else wishes they so had a tram network or is trying to rebuild one.

    That being said, rents are rising here too, but they are much more reasonable to begin with. I was living in London previously, and now we spend about 30-40% less for a place over twice the size and in a nicer location. Plus finding a place was muuuuuch easier, since it’s noticeably less competitive.