Incomes up for upper class and rich, down for middle class...

[Mummelmann]

mrstickball said:

Mummelmann said:
Its crazy to see the differences in wages globally, I make around 55.000$ working only part-time and my hourly pay isn't really considered very high around here. Then again, the average two-room apartment rent here is about 2600-2700$ a month...

And comparatively, as a landlord, I charge $450/mo for apartments, which include some utilities like water and trash..

Yeah, my region, Trondheim, is the most expensive in all of Norway and probably among the 50 most costly places in the world even counting places such as Monte Carlo, downtown Tokyo, Manhattan, Dubai and so on. Its gotten real crazy over here but the bubble is about to burst like it has everywhere else. If you want to purchase a home here now, you need a 10% deposit right away (some brokers even require 15% while others have a set sum, 150.000 for instance), meaning you basically need 200-300.000 NOK of your own to even get the loans out... Makes it hard for couples and impossible for single people unless you have rich parents.