A global housing crisis is suffocating the middle class - eviltoast
Prices have risen by 54% in the United States, 32% in China and nearly 15% in the European Union between 2015 and 2024. Though policies have been implemented to increase supply and regulate rentals, their impact has been limited and the problem is getting worse

Prices have risen by 54% in the United States, 32% in China and nearly 15% in the European Union between 2015 and 2024. Though policies have been implemented to increase supply and regulate rentals, their impact has been limited and the problem is getting worse

Housing access has become a critical issue worldwide, with cities that were once accessible reaching unsustainable price points. Solutions that have been proposed, like building more houses, capping rents, investing in subsidized housing and limiting the purchase of properties by foreigners have not stemmed the issue’s spread. Between 2015 and 2024, prices rose by 54% in the United States, 32% in China and by nearly 15% in the European Union (including by 26% in Spain), according to the Organisation for Economic Co-operation and Development.

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Salaries have not grown apace with real estate prices. In the EU, the median rent rose by 20% between 2010 and 2022, with rental and purchase prices growing by up to 48%, according to Eurostat. Underregulated markets are wreaking havoc, and in the United States and Spain, 20% of renters spend more than 40% of their income on housing, while in France, Italy, Portugal and Greece, that percentage varies between 10% and 15%, according to the OECD. Many countries have created programs aimed at increasing the future supply of public housing, but their effectiveness has yet to be determined and analysts say that results will be limited if smarter regional planning decisions are not made.

    • AA5B@lemmy.worldEnglish
      7·
      3 months ago

      Yes, private sector too.

      • the vast majority of teachers are public sector
      • some percentage of private sector are parochial, who get paid less
      • most private schools are charter, where teachers are paid less
      • the remaining private school teachers may get paid more but are a small percentage, not representative of the market, nor accessible to most teachers

      https://www.indeed.com/career-advice/pay-salary/private-teacher-salary

      Private school teachers, generally, earn less than their public school counterparts

        • AA5B@lemmy.worldEnglish
          4·
          3 months ago

          Not really, no. Experience in one won’t count the same as experience in the other. Public school pay more attention to credentials and continuing development, whereas private not. It’s not so easy to jump between the two

          • chonglibloodsport@lemmy.worldEnglish
            13·
            3 months ago

            I worked as a teaching intern at a private school. I talked to lots of teachers there. I have friends who are public school teachers. They’ve all worked in both. What you say is simply not true.