The average housing price in the US is less than US$500k. And as we learn from the infographic above, the average house in the US is humongous. I didn't find good data on the walking distance to the nearest pub, but 2/3 of Americans live in suburbs or rural areas, where they may at maximum find a gas station within walking distance.
The poverty in the south is astonishing compared to the standard of living in the US. Tomorrow I will move for some weeks from Spain to my small apartment on Crete/Greece. If You like I could post some pictures of the village where I live over there. To You US guys it must be the Middle Ages...to get an idea...
Is space really the defining factor? Wouldn't access to amenities, taxes and interest rates be more of factor on affordablity and the value you're getting?
I can't remember where I heard this but there's a saying a home should be around x3 your annual salary and in many of the big cities its 8-12 and I think thats based on asking price not what you pay after your term which is even more
Real estate value is usually transferred into cost per square foot (meter). 1 sq. ft on Rodeo Drive in California is not equal to 1 sq. ft in Tennessee.
I think you are projecting your values on others. I’d rather have a smaller house in walking/biking distance of a supermarket, kindergarten, school etc. than a bigger house and needing two cars. I once lived in a 1200 sqft apartment with another person and we ended up not using one of the rooms. I‘d prefer a 800–1000 sqft with a nice cut in a better location any day of the week at least until there are more than two people to be housed.
The only houses in Switzerland I know are like vacation homes in the mountains. In my childhood we would spend in some years all of December in the sort of small cabin that were pretty tiny. But I guess that's not typical for all of Switzerland.
Hahahahaha, what is even that! European cities are so different from the USA cities, also it's really meaningful how you used "americans" to indicate only US citizens ;-D
Moreover, averages are not really statistically meaningful if you model data that isn't normally distributed (aka, somehow gaussian).
Last time I checked I saw that things like house size (btw, is it really a measure of wealth? Like the zeros in a fiat bank account, I suppose) are not normally distributed...in fact are more right skewed. Thus, you're better off using median.
PS. Since you're referring to americans, what's the average house size in Mexico, Canada, El Salvador, Nicaragua, Brazil, Argentina, Cile, ....
I'm assuming this is just house size, and not square feet per person? That would be an interesting number. I believe I just read that in Sweden, the MAJORITY of people are living alone now.
My first thought is that I need to move to SLC or Denver.
My second thought is that the brick European housing system worked and should still work, but all of the underpinning economic constraints are brought about by following a growth model that's unsustainable because of broken money. Now we are trying to achieve the same with the continued irrational housing development decisions.
I don’t think space universally equates to wealth
Quality of life unambiguously is higher tho
In America most can afford a large house and car, but only the top 1% can afford to live in walking distance to a pub
Most people being able to afford a large house in America is hilarious. A Large house in my area costs around a million cuckbucks.
The average housing price in the US is less than US$500k. And as we learn from the infographic above, the average house in the US is humongous. I didn't find good data on the walking distance to the nearest pub, but 2/3 of Americans live in suburbs or rural areas, where they may at maximum find a gas station within walking distance.
Thats not true. There are bars absolutely everywhere here.
I'm not sure if its a 1 to 1 comparison. Its primarily about available land (and the implications of that)
US is mainly housing in suburbs, that means driving into town center.
Europe has lots of housing in city center, which means more local shops and restaurants.
So there are trade-offs.
It's been pretty eye opening learning so much about Europe over the past few months.
I see a lot of comments criticizing this particular metric, but try to find one that doesn't make Europe look much poorer (materially) than America.
Europe being roughly half as wealthy as America is right in line with the data @TomK's been sharing.
The poverty in the south is astonishing compared to the standard of living in the US. Tomorrow I will move for some weeks from Spain to my small apartment on Crete/Greece. If You like I could post some pictures of the village where I live over there. To You US guys it must be the Middle Ages...to get an idea...
Would love to see photos and hear about life there.
I will post some stuff if You like. It's the south coast of Crete. IMO the most underrated old paradise of the Mediterranean
I would too. That beach looks like it's worth suffering through living in a smaller house for.
That's my view. It's so incredible calm, only the sound of the sea and the wind....
https://m.stacker.news/26938
2800sqft wat is utah smoking
Big Love
Imo this is their secret:
view on x.comAgreed that is an insane amount of square footage. I would never live in a house that size.
https://m.stacker.news/26930
It's just that Area and population difference is huge.
The United States is almost two and a half times bigger the size of the Europe.
The United States has a population of over 327 million people, while Europe is home to more than 741 million individuals.
Poverty is not being able to walk anywhere nice from your house.
Is space really the defining factor? Wouldn't access to amenities, taxes and interest rates be more of factor on affordablity and the value you're getting?
I can't remember where I heard this but there's a saying a home should be around x3 your annual salary and in many of the big cities its 8-12 and I think thats based on asking price not what you pay after your term which is even more
Real estate value is usually transferred into cost per square foot (meter). 1 sq. ft on Rodeo Drive in California is not equal to 1 sq. ft in Tennessee.
This is trolling, right?
Otherwise, I feel sorry for you.
?
I think you are projecting your values on others. I’d rather have a smaller house in walking/biking distance of a supermarket, kindergarten, school etc. than a bigger house and needing two cars. I once lived in a 1200 sqft apartment with another person and we ended up not using one of the rooms. I‘d prefer a 800–1000 sqft with a nice cut in a better location any day of the week at least until there are more than two people to be housed.
Are housing units small in Switzerland?
The only houses in Switzerland I know are like vacation homes in the mountains. In my childhood we would spend in some years all of December in the sort of small cabin that were pretty tiny. But I guess that's not typical for all of Switzerland.
Vacation homes are a sign of wealth not poverty.
Very few Americans own vacation homes
There is a reason why american homes are so expensiv, though.
All that cardboard + greeco-roman pillars? 🫣
Perhaps they do not like showing off their wealth with their houses.
That makes a lot of sense.
Hahahahaha, what is even that! European cities are so different from the USA cities, also it's really meaningful how you used "americans" to indicate only US citizens ;-D
Moreover, averages are not really statistically meaningful if you model data that isn't normally distributed (aka, somehow gaussian).
Last time I checked I saw that things like house size (btw, is it really a measure of wealth? Like the zeros in a fiat bank account, I suppose) are not normally distributed...in fact are more right skewed. Thus, you're better off using median.
PS. Since you're referring to americans, what's the average house size in Mexico, Canada, El Salvador, Nicaragua, Brazil, Argentina, Cile, ....
https://i.kym-cdn.com/photos/images/original/000/343/085/168.jpg
Accurate
But who has more debt?
I'm assuming this is just house size, and not square feet per person? That would be an interesting number. I believe I just read that in Sweden, the MAJORITY of people are living alone now.
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Maybe europeans need to find a way to build that's as energy efficient as european houses and as cheap as american houses.
What we're doing here is nice. But very expensive.
I can see your point.
My first thought is that I need to move to SLC or Denver.
My second thought is that the brick European housing system worked and should still work, but all of the underpinning economic constraints are brought about by following a growth model that's unsustainable because of broken money. Now we are trying to achieve the same with the continued irrational housing development decisions.
But we all know this.
Denver is now saturated and not in a good way
I heard about that, Colorado Syndrome, or was it Oregon?
Or maybe, half the world osmosis syndrome.
Portland is also a disaster