https://twitter.com/DSchindlerEcon/status/1476478357399347200?s=19
The tweet was not sincere then?
"PhD students in Netherlands can afford to buy houses.."
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https://twitter.com/DSchindlerEcon/status/1476478357399347200?s=19
The tweet was not sincere then?Maybe, we don't really know. Honestly, I doubt that a bank would approve a loan for someone who is on a fixed-term contract and with the uncertainty about salary/jobs after the phd. I suspect the students have partners who have a stable job with a good salary.
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https://twitter.com/DSchindlerEcon/status/1476478357399347200?s=19
The tweet was not sincere then?Maybe, we don't really know. Honestly, I doubt that a bank would approve a loan for someone who is on a fixed-term contract and with the uncertainty about salary/jobs after the phd. I suspect the students have partners who have a stable job with a good salary.
Or they are from reech families
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But he forgot to state Euro PhDs are completely unprepared for the market and unable to get higher paying US jobs.
you forgot to state that Tilburg places regularly at top US places.
There is a single decent placement in there and it is Oxford. All the rest VVLRM.
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But he forgot to state Euro PhDs are completely unprepared for the market and unable to get higher paying US jobs.
you forgot to state that Tilburg places regularly at top US places.
https://www.tilburguniversity.edu/sites/tiu/files/download/placements-researchmaster-economics-2001-2016.pdf
There is a single decent placement in there and it is Oxford. All the rest VVLRM.Moreover there is a shytload of postdoc placements, which is is extremely underwhelming for a country who pretends their training is comparable to top US institutions and have commensurate egos.
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But he forgot to state Euro PhDs are completely unprepared for the market and unable to get higher paying US jobs.
you forgot to state that Tilburg places regularly at top US places.
https://www.tilburguniversity.edu/sites/tiu/files/download/placements-researchmaster-economics-2001-2016.pdf
There is a single decent placement in there and it is Oxford. All the rest VVLRM.Check finance. Elizabeth Kempf and Ralph Koijen, to name just a few.
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But he forgot to state Euro PhDs are completely unprepared for the market and unable to get higher paying US jobs.
you forgot to state that Tilburg places regularly at top US places.
https://www.tilburguniversity.edu/sites/tiu/files/download/placements-researchmaster-economics-2001-2016.pdf
There is a single decent placement in there and it is Oxford. All the rest VVLRM.Moreover there is a shytload of postdoc placements, which is is extremely underwhelming for a country who pretends their training is comparable to top US institutions and have commensurate egos.
they see themselves as a top20 department globally...
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In the Netherlands you can get a mortgage for 100% LTV, so PhD students can buy a house on their 30k. Transaction costs will be about 5-10k roundtrip on a 300k home, but you do save a bit in taxes. Whether it's smart to leverage up at that stage in your life and tie yourself to the country is another matter.
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I know a couple guys who did this pre crash and got stuck in underwater mortgages. Netherlands is VERY strict about that stuff
In the Netherlands you can get a mortgage for 100% LTV, so PhD students can buy a house on their 30k. Transaction costs will be about 5-10k roundtrip on a 300k home, but you do save a bit in taxes. Whether it's smart to leverage up at that stage in your life and tie yourself to the country is another matter.
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https://www.funda.nl/en/koop/tilburg/huis-42653379-beatrixhof-6/
Whether you "can" buy a house on 30k Yuro or not shouldn't be the question. You probably can (if you're out of your mind), or if you have a spouse with a much higher income (which the ones in this case probably do).
The issue is...3,300 Yuros per square meter, for a 68 m^2 1951 construction, in a provincial city...is not by any means cheap. That's really expensive. By comparison, in the US, something like that would be under $1,000 per square meter.
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Houses are the size of cardboard boxes and made from similar materials.
Is it the USA?
It is true that most houses in the US are made of questionable material and as a foreigner, that bothers me. But that's a comment that only a bitter yuropoor would make or upvote. You guys live in filthy apartments from 1600s that are the size of my dog's house.