Do you rent or own?

[Eddie Teach]

I live in a van down by the river.

[Zanza]

Buying a square meter of appartment in the city I live roughly costs the national monthly median household income. That's like spending about 9% of the monthly median household income per square feet. How does that compare to other places?

[Martinus]

Buying a square meter of appartment in the city I live roughly costs the national monthly median household income. That's like spending about 9% of the monthly median household income per square feet. How does that compare to other places?

The median monthly income in Poland is about 3000 zlotys. A square meter of a not-particularly-fancy flat in Warsaw center is around 8-10 thousand zlotys. I bought my new one for 13,000. Prices can go up to 35,000 in one of these top new apartment buildings.

Renting a small flat in city centre (30-40 square metros) is about 2,000 zloty per month plus water, electricity etc. if you are not looking for a particularly high standard.

[dps]

Buying a square meter of appartment in the city I live roughly costs the national monthly median household income. That's like spending about 9% of the monthly median household income per square feet. How does that compare to other places?

The median monthly income in Poland is about 3000 zlotys. A square meter of a not-particularly-fancy flat in Warsaw center is around 8-10 thousand zlotys. I bought my new one for 13,000.

Gee, your flat looked bigger than 1.3 square meters or so in the pics. 

[Martinus]

Buying a square meter of appartment in the city I live roughly costs the national monthly median household income. That's like spending about 9% of the monthly median household income per square feet. How does that compare to other places?

The median monthly income in Poland is about 3000 zlotys. A square meter of a not-particularly-fancy flat in Warsaw center is around 8-10 thousand zlotys. I bought my new one for 13,000.

Gee, your flat looked bigger than 1.3 square meters or so in the pics. 

13,000 per metre.

100 metres (plus a parking space in an underground garage and 16 square metres of balcony that came "free").

[Iormlund]

Varies widely. Price for these apartments before the bubble burst was over twice median household income per square meter. A couple hundred meters from here at least two or three times as much. Can't say how much they are worth now since nobody buys anything anymore.

You might find something for just median monthly household income if you don't mind living among Gypsies or loads of poor immigrants in places like the Barrio Oliver or Delicias. But I would.

[Grey Fox]

Today, I rent
Tomorrow, I own with mortgage. Voted that.

[fhdz]

Own, with mortgage, getting four and a quarter.

My house is a 1915 Craftsman.

[Phillip V]

I've mostly lived in hotels for the past 3 years, letting the taxpayer patriotically pay for it.

[MadImmortalMan]

Should have had underwater/not underwater mortgage options.   

[Grey Fox]

Own, with mortgage, getting four and a quarter.

My house is a 1915 Craftsman.

Fixed?

[fhdz]

Own, with mortgage, getting four and a quarter.

My house is a 1915 Craftsman.

Fixed?

Yes sir. FHA.

The rates are so good right now people in my immediate area are getting/refinancing to as low as 3.75. It's a fucking bonanza.

[Admiral Yi]

I've seen ads on TV for refi at 2.89, but by no-name companies.

[Josquius]

Rent.
This is probably the way of the future, with jobs for life dying out and city living coming in vogue it makes no sense to buy a house.

[MadImmortalMan]

Rent.
This is probably the way of the future, with jobs for life dying out and city living coming in vogue it makes no sense to buy a house.

I think so, yes. There will always be a significant portion of the population that will not make that change, but I think it will continue to move that direction.