If there was enough supply there wouldn't be a problem. No one hoards cars, boats, airplanes or anything else because they think that they can corner the market and raise prices. Housing is only special because not enough is built. It's only possible to "hoard" because every 1 off the market is less for everyone else. A fixed pie. Like bitcoin. If the bitcoin supply was infinite no one would think about collecting them.
You can't have enough supply of housing, because for housing ___location matters a lot.
There's only so much room in the center of the capital, and making more costs a titanic amount of effort. Even that runs out eventually, as you can only build so high.
Otherwise, why would we be having a problem? Move to Serbia and buy an apartment for $40K.
* Speaking the language -- in some places they don't speak much English, and certainly don't do official paperwork in it.
* Local laws
* Safety
* How much stuff you need is going to be nearby
* Internet access
* Local culture
* Employment
* Friends and family
Like, I don't know much about Serbia (just looked up where housing is cheap), but from what I hear I could get a pretty good deal if I moved to Russia -- they're desperate for tech workers and offering some very good perks regarding mortgages and so on. But on the other hand, is living in Russia that good of a deal right now? I don't think so.
They've got a bad government, slow and very restricted internet access, a not terribly pleasant society overall in my impression, and the economy is circling the drain due to all the sanctions.
some nitpicking: internet in Russia is very fast and stable. But you are right when you say "restricted". The retarded government tries to ban some websites.
Generally ___location, services and availability of work... Might even have services, but no work... That is for Finland. Like I see 32k€ for 3 bedroom house, with relatively big plot. 2km from "town" center... What explains it is area losing population.
It's easier and cheaper to produce more cars. Boats are irrelevant since they're not a necessity, a house is, a car is in certain cities.houses being already scarce, and hoarding them makes it worse, because it makes them even less affordable.
