this post was submitted on 25 Aug 2024
398 points (96.7% liked)

Housing Bubble 2: Return of the Ugly

247 readers
1 users here now

A community for discussing and documenting the second great housing bubble.

founded 4 months ago
MODERATORS
 
all 24 comments
sorted by: hot top controversial new old
[–] [email protected] 75 points 3 weeks ago (3 children)

How do you live in Spain for two years for less than $40k?

[–] [email protected] 39 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

According to Google you can stay in a hostel for about $350/2 weeks, which works about to about $10k a year. You'd probably be too broke to eat well, and have nothing left for activities.

[–] [email protected] 45 points 3 weeks ago (1 children)

That… kinda sounds like how a lot of people on minimum wage live right now.

[–] [email protected] 10 points 3 weeks ago (1 children)

Yeah, but they don't get hip replacements.

[–] [email protected] 5 points 3 weeks ago

In Europe? They do

[–] [email protected] 10 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

With some more googling you can get an apartment for like 500-700€/month in madrid and if we say 700€ per month for living(should afford a relatively decent lifestyle in spain(apparently minimum wage there is ~1200€/month) so the ~30k€ after the flights and surgery seems reasonable to live for 2 years there.

Internet sources put the cost of living in spain to around 1000-1800€/month for one person

[–] [email protected] 2 points 3 weeks ago (1 children)

Wow, I'm surprised their minimum is about the same as in the US ($1,256.66/month). I guess it's not as bad as here if you can find rent that low.

[–] [email protected] 4 points 3 weeks ago* (last edited 3 weeks ago)

Yeah in many european countries while the minimum wage can be on par or lower than in the US but most of the time the cost of living is actually also low enough for it to be an actually liveable wage

Living in finland i could (for now until our new government makes "improvements") live semi-comfortably working only 30h/week on minimum wage*

*finland has no national minimum wage but unions negotiate baseline contracts by field regularly(the contracts often include yearly raises to counteract inflation and also raises depending on number of years worked)

[–] [email protected] 1 points 3 weeks ago (1 children)

What kind of apartments are these? One bedrooms, studios? A single bedroom in a shared apartment?

(Can you tell I've been burned by renting descriptions before?)

[–] [email protected] 2 points 2 weeks ago

Most are 20-35m2 one bedrooms or studios

[–] [email protected] 18 points 3 weeks ago (2 children)

Less than 34k even in this case as you have to subtract the cost of the hip replacement there

[–] [email protected] 6 points 3 weeks ago* (last edited 3 weeks ago)

sounds like 13k left over for tapas to me.

[–] [email protected] 5 points 3 weeks ago

25k, cause they got a second one after being trampled.

[–] [email protected] 14 points 3 weeks ago

It's a meme from like 2014 so that's why.

The theory behind it us probably okay today even if the numbers are a bit stale.

[–] [email protected] 52 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

Around 7000,- less for people actually living there.

[–] xav 13 points 3 weeks ago

In all of Europe actually.

[–] [email protected] 16 points 3 weeks ago (1 children)

Average cost of hip replacement in Canada:

A few months wait time.

[–] [email protected] 6 points 3 weeks ago (1 children)

What a horror, quick privatise it all!1!

\s

[–] msage 3 points 3 weeks ago

Oh they are trying, don't worry

[–] [email protected] 12 points 2 weeks ago

Fun fact, Did you know an entire American subculture of young people have grown up around the idea that they can fly to Spain to get their hip replaced? They don’t have a lot of money so they tend not to work and smoke a lot of weed they call themselves hippies because they plan to get their hips replaced in Spain.

[–] [email protected] 4 points 3 weeks ago (1 children)

Well, I paid about $2500 for my hip in NC.

[–] [email protected] 3 points 3 weeks ago

How much are your monthly premiums?

[–] [email protected] 4 points 2 weeks ago

Mine was 70k 3 years ago. W/o insurance woulda been 120k