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WTF, housing market?
The Europeans | European news, politics and culture
Why Isn't Housing a More Prominent Thing in Our Politics?
A rule of thump is that you shouldn't be spending more than 30 % of your income on housing. But among young adults in the netherlands, they spend forty five per cent of their income on housing - and it's problematic. If you're spending all your money on rent, you can't spend that same money in local shops, for example. So i think low rents are very important to encourage this creativity and make our cities interesting where you can doso thing extraordinary.
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