#Norwegian property market is next, because the commodification of the property market around the world has lead to one thing: artificial scarcity, which leads to high property prices, which leads to homelessness and exploitation of the renters economy.
This is what happened in the #US, the #UK, in #Canada, in #Germany, and now it will happen in #Norway as well.
The solution: build more housing - be it private or public. Anything else will be neglect or exploitation. Take your pick.
This is what happened in the #US, the #UK, in #Canada, in #Germany, and now it will happen in #Norway as well.
The solution: build more housing - be it private or public. Anything else will be neglect or exploitation. Take your pick.
JimmyB (he/him) •
The answer is not more housing. The answer is to stop speculation in our base human necessities.
Thor A. Hopland •
I also know that in #NewYork the commercial real estate law states that you can value a commercial property based on the asking price for rent, where New York realtors will set an unrealistic price, wait a decade and a half and then sell at a falsely set value.
There is a fair deal of market trickery going on some places in the world
JimmyB (he/him) •
Doesn't seem to change the occupancy rate though: but prices go up. So we do now have a massive over-supply of 1 and 2 bed flats. Prices haven't moved materially because speculators can just weather it for now. We need property prices down by min 60% to get them back in line with the real economy