Is it easy to buy home

5 comments

1. The source of post [https://earningtrends.com/the-grand-duchys-dichotomy-structural-wealth-and-the-socio-economic-costs-of-housing-affordability-in-luxembourg/](https://earningtrends.com/the-grand-duchys-dichotomy-structural-wealth-and-the-socio-economic-costs-of-housing-affordability-in-luxembourg/)

2. Old news this. We all know it is being manipulated by a small but influential group of lobbyists.

   But…

   If the vast majority of Lux voters own their home, and vast majority of those voters work for the state (which has much higher than average salary, technically the wage to home price is lower for state employee than an average private employee), there is no housing crises that concerns the government.

   That is why the government is not interested in real reform.

   If a developer can sell a full home on a piece of land for 600k, they will sell till the cows come home.

   Government must open the empty land (tax empty homes, unused land via deemed rental income or inheritance tax for non primary residence) and be able to outsource external non lux developers to build.

3. i appreciate the effort, but this would not make it past an undergrad essay.

   instead of one number, take several figures:

   – median household income (€72k in luxembourg)
   – median household post-tax income (€50k in luxembourg, €32k in paris, €39k in frankfurt)
   – median house price (€10k per sqm or €720k)
   – then the ratio. if you use post-tax income, only amsterdam (and frankfurt, but it’s not on the list) performs better than luxembourg.

4. Luxembourg is special since half of the workforce does not live there and rather in Germany, Belgium and France. So the GDP per capita is totally inflated.

   When you remove 250k “foreign workforce” the GDP per capita is more like 70.000€

5. People who complain of housing, can simple move north. No one is entitled to a huge apartment or house in city center.

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