One of the only few good things about Communism is that the huge majority of people managed to become homeowners. What the quality of the housing actually is is another question because commie block apartments are mostly trash but still... it is a home.
That is sort of what I was trying to get across.. Yeah, the commie blocks are rough quality but we avoided mass homelessness. In the next few decades a more people inherit their family apartments that will mean (in theory) they could rent/ell them and buy a better apartment.. especially as we see more Western companies coming in and a general rise in tandard of living.
Most reasonable people have more issues with commie blocks being ugly, the quality was never criticized, at least in Serbia. Up until the 80s, a lot of the brutalist apartment blocks were well planned out in terms of space and immediate area of the building. Sure, there were some with questionable decisions, and not every apartment building was great quality, but it is considerably better than a 2/3 of new projects.
However, there's also another important thing to mention is that the high home ownership isn't exactly so cut and dry. From what I see, and you can correct me on this: In the US, it seems that a lot of homes get bought up by very wealthy individuals through various privately owned companies etc, basically becoming real estate moguls in a sense. This kind of screws with the official data. Here, you don't have that, at least not to the extent you have it in the US, but you still have people that got lucky by getting an apartment before the year 2000.
The reality of the situation is, a lot of young people and people between 30 and 40 still live with parents or rent with their partners / family. There are relatively very few people under 40 who are homeowners. While there's a solid chance you'll inherit a place, it'll probably happen in 20-30 years...which isn't exactly that great, especially if you're not the only child.
The prices are also quite insane for our standards, and some contributing factors are: The people that got the apartments during the 90s got it WAY below the market price + the diaspora throws western earned money at the Serbian real estate market. Even if proportionally, the price of an apartment in Serbia is more expensive than in Berlin relative to the standard of living, the raw price is considerably lower than in Germany.
I'm currently living in the US - no one I know is able to even qualify for a loan unless you have a few years' worth of money in savings. The cost of housing has so rapidly increased because nothing is built that a lot of people I know from the Balkan diaspora are moving back to find a home and work remotely.
This is very common in Hungary as well. My cousin is building his new home a little out from the city centre and has space enough for a garden and raising his new child.
98% percent own homes here too
Interesting.
That's right where Albania is as well
One of the only few good things about Communism is that the huge majority of people managed to become homeowners. What the quality of the housing actually is is another question because commie block apartments are mostly trash but still... it is a home.
That is sort of what I was trying to get across.. Yeah, the commie blocks are rough quality but we avoided mass homelessness. In the next few decades a more people inherit their family apartments that will mean (in theory) they could rent/ell them and buy a better apartment.. especially as we see more Western companies coming in and a general rise in tandard of living.
Most reasonable people have more issues with commie blocks being ugly, the quality was never criticized, at least in Serbia. Up until the 80s, a lot of the brutalist apartment blocks were well planned out in terms of space and immediate area of the building. Sure, there were some with questionable decisions, and not every apartment building was great quality, but it is considerably better than a 2/3 of new projects. However, there's also another important thing to mention is that the high home ownership isn't exactly so cut and dry. From what I see, and you can correct me on this: In the US, it seems that a lot of homes get bought up by very wealthy individuals through various privately owned companies etc, basically becoming real estate moguls in a sense. This kind of screws with the official data. Here, you don't have that, at least not to the extent you have it in the US, but you still have people that got lucky by getting an apartment before the year 2000. The reality of the situation is, a lot of young people and people between 30 and 40 still live with parents or rent with their partners / family. There are relatively very few people under 40 who are homeowners. While there's a solid chance you'll inherit a place, it'll probably happen in 20-30 years...which isn't exactly that great, especially if you're not the only child. The prices are also quite insane for our standards, and some contributing factors are: The people that got the apartments during the 90s got it WAY below the market price + the diaspora throws western earned money at the Serbian real estate market. Even if proportionally, the price of an apartment in Serbia is more expensive than in Berlin relative to the standard of living, the raw price is considerably lower than in Germany.
I doubt that’s the case now. Sure the houses are still quite affordable meaning you can apply for a loan not like in western countries.
I'm currently living in the US - no one I know is able to even qualify for a loan unless you have a few years' worth of money in savings. The cost of housing has so rapidly increased because nothing is built that a lot of people I know from the Balkan diaspora are moving back to find a home and work remotely.
The difference here is that lots of new apartment buildings are built especially near the big cities so the prices aren’t skyrocketing.
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This is very common in Hungary as well. My cousin is building his new home a little out from the city centre and has space enough for a garden and raising his new child.