Why real estate prices are so disconnected in big cities?

Pic related is prices per square meter (around 11 sqft for burgers).

FYI, after graduating from top French school, I got 43k. It means I cost to my boss 60k while I get 28k after taxes (2200-2300e/month). This salary put me in the top 15% richest of France. Even if I was paying no rent, food, clothes, etc. I would need to work a full year to get two shitty square meters in Paris.

Why and how prices can become so high in big cities? I think also about London, Hong Kong, NYC, SF. Even during the crisis, prices were still going up. Is there a bubble?

>Why real estate prices are so disconnected in big cities?
overseas investors. same thing here in sydney

Niggers or jews, I reckon

/thread

You earn in top 15%, but the prices in central Paris (which I assume that pic is) are in top 0.015%, it's not that difficult to understand I reckon.

Because western real estate works great to hide/secure your ill gotten wealth. Most of the dark blue districts are owned by wealthy foreigners/insiders. It's also still a decent investment as there seems to be no shortage of rich cosmopolitans willing to buy anything at any price.

Which school, my dear compatriot ?
And the answer is, like all questions on Sup Forums
>jews

So it is just Chinese and big banks making price skyrocket? But once nobody would be able to rent or buy, shouldn't we witness a crash?

I wonder if I should buy or still pay a rent? I don't feel good about being in debt in a 25-year mortgage for 33 square meters.

> after graduating from top French school, I got 43k
Got fucking luck with that, the only way someone with that type of income can own anything, anywhere in Paris is if you already owned a flat you're willing to sell.

You should consider moving in a smaller city where you'll have a much better quality of life.now. It's the smart move.

>overseas investors. same thing here in Sydney
Pretty much. Chinks bought a very expensive property next to where I live for some ungodly amount of money. We'll selling everything away to sketchy foreigners.

The pic is whole Paris. Rich Paris is 1, 2, 3, 4, 5, 6, 7 and 16th district on this map.

How prices can go up so much (x5 since 2000) while unemployment and taxes were never so high and when salaries don't increase (and in fact decrease due to inflation).

Same question for cities such as NYC and SF? Is there a bubble going to blow out or is there a real demand driving the prices up in these cities? They were already big cities in 2000 and prices weren't so luh disconnected from reality. I just want to see all these shitty Parisian goyims in debt for a 30-year mortgage for a flat worth nothing.

Polytechnique

>How prices can go up so much
Because no native wagecuck lives in those districts, they've been gradually priced out.

That entire area has been repurposed as an attraction parc for rich foreigners and investment for corrupt cosmopolitans.

Problem with France is that socialism has fucked all small and medium companies and there is no almost no job for "cadres" outside of Paris, especially in my speciality. Everything is centralized in Paris in France. For example, I am from Toulouse, and except if I was an aeronautical engineer, there is noting to do. Btw, Airbus salaries are complete joke.
So as for now, I am just trying to go to level up and ask for expatriation outside of France.

Also many buildings are rented by companies. Go to Rue de Rivoli after 10pm, you can't see a light in any building. Nobody lives here.

You could suck it up as a wagecuck for a couple of years, then do the consultant thing (glorified temp work for engineers). Moving to a smaller town would help, at least you'd be able to afford buying your own place and starting a family.

Unless you have great connections here, move somewhere not as cucked, it's what all the smart, ambitious kids are doing. Try Bavaria, London, the US or even China. You'd get better prospects anywhere but here.

In america? Niggers and Spics.

In Europe? Muzzies or poos.

They don't really have money si how could they afford ?

Yeah taxes are fucked up in France. Something like 70% of what my boss pays go to taxes and mandatory contributions. Almost if it was a crime to earn your life in this country

We are over-taxed and over-regulated, it's bad enough as a wagecuck but try starting your own business to see how fuck up things are.

The bottom line is pretty simple, real estate is a scam but it will keep going for a while, those that can't afford to get on the property ladder are fucked.
Those that can afford to stay in Paris are those that already own something, if you don't, run or you'll spend your life paying someone else's loan. Suck it up for a couple of years to pad your resume, then move.

>$28k a year
>top 15% in France
>barely above poverty level in america.
That's one pathetic country you have there.

They have taxpayers' money.