agnos.is

Published: 2024-08-09T21:05:33+02:00

There is a housing crisis everywhere in the Western world. I have noticed in each of the three countries I've lived in (USA, Iceland, The Netherlands). The specifics differ between countries, but the end result is always the same: lack of housing drives prices up rapidly, pricing most people out of the market. At what point will it break?

Iceland

Nowhere near enough new construction. Massive interest rates (~10% in 2024).

Netherlands

Nitrogen crisis. Government deadlock and bickering over unrelated issues. Nothing built. Attempting to solve problems by blaming external parties.

USA

Increasingly dystopian wealth inequality.

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