Perhaps instead of them being underpaid, could it be that you are vastly overpaid? Europe is not broken in this sense, this is important to not create income bubbles (looking at you, SF) and avoid huge income disparity. https://twitter.com/ZacSweers/status/1228205733302300672 …
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Absolutely. Those two are def related — but the shortage is probably caused by people wanting to making more money by profiting from said shortage. That’s what I meant by allowing people to use housing as an investment vehicle: it screws people who -need- a house to live in.
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I really doubt that investment thesis though. Seems like to should be easy to verify whether people are buying and keeping houses empty in order to speculate
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