Why is the strong Dutch economy slowing down? | Netherlands Economy | Econ
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- Опубликовано: 10 июн 2024
- The Netherlands boasts a robust economy, ranking as the 17th largest in the world. Its total economic output, also known as nominal GDP, reached an impressive $1.013 trillion in 2023. Not only is the Netherlands wealthy as a nation, but the Dutch population is also among the richest in the world, with a GDP per capita of $72,973. However, this wealth can sometimes be deceptive, and there are valid reasons for this notion.
The big picture is that Europe's economy has achieved a recovery after the global financial crisis, but it hasn't fully bounced back. Among the European nations, the Dutch economy has experienced the slowest growth. One major factor contributing to this sluggishness is the weakness in consumer spending and household consumption.
Moreover, it became the first country to prioritize climate over GDP. This raises the question: can a rich nation be happy if its economy stops growing?
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Do ppl buy and lock empty houses? Hoarding real estate?
Can you make video of indiA and canada and germany economy
How about a war on the European continent.
Did he really just mention Spyker rather than ASML!?
ASML is not primarily a consumer-focused brand.
And also Philips
Stellantis (Fiat, Citroen, Peugeot, Chrysler, Jeep, Dodge, Maserati, DS, Alfa etc) has its headquarters in the Netherlands.
@@matrix7034but ASML is a world leader in semiconductor industry. it doesnt really get more high tech than that
For some reason these kind of videos always manage to forget to mention ASML, while naming some obscure company that doesn't even contribute that much to the nation wide economy.
Some group of economists have projected that both the U.S and parts of Europe could slip into a recession for a portion of 2023. A global recession, define as a contraction in annual global per capita income, is more rare because china and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
My major concern now is how can we generate more revenue during quantitative times? I can’t afford to see all my savings crumble to dust.
It’s a delicate economical season, so you can do nothing or little on your own. Hence, I will suggest you get yourself a financial advisor that can provide you with valuable financial information and assistance.
That’s why I always make it a point to speak with a financial advisor before choosing any investments. Apparently , I’ve been using one since the pandemic, using profits oriented tactics and minimizing risks as a buffer against inevitable downtrends.
In addition they have valuable access to insider knowledge and analysis, making failure virtually impossible for them. I’ve made over $1.5million passively working with Gregory Thomas Patchak, my advisor for over three years now.
__
With the help Sir Gregory Thomas Patchak, I've gained perfectly well from my investment. The quantity of capital you invest, though, ultimately determines everything. With a substantial start-up budget, you could be able to earn more Gains..
11 minutes is a short time to discuss things. It can't be avoided that some nuance gets lost in the process of summary.
That being said, the Netherlands faces a combination of multiple crises that compound one another.
- An aging population: 47% of all households in NL are 55+ y.o.; 13% of all households are 75+ y.o. These numbers are predicted to be 51% and 19% respectively by 2035. *
- 92% of all 75+ people live independently, so not in a care home, vs 83% in 1990. Of all 75+ people, 43% live alone *
- The nature in the Netherlands is suffering extremely under the burden of acidification of the soil, mainly due to nitrogen compounds from chiefly agricultural sources. Hence the 'stikstofcrisis', aka 'nitrogen crisis'. There is a 30+ year history behind this. The country's reached a point where they simply can no longer kick the can.
- There are two 'markets' for those who have to rent: either a 10-20 year wait list for 'social housing' with affordable rent, or "the free sector" that these days effectively starts at €900/month purely for the rent, that's not counting gas, water, electricity etc. It is very common to find a half-decent apartment STARTING at €1200 or higher. These rent prices increased the demand for home ownership, especially when interest rates were still low (it's now around 4-4.5%, up from ~1.3% two years ago).
- The high cost of land sees a sharp rise in luxury housing, because social and affordable housing are literally not profitable to build for anymore.
And that's just a drop in the bucket of various factors contributing to the housing dilemma's in the Netherlands. Many of them can be traced back to government policies, so hopefully a fresh new direction can help the country get back on its feet. At the time of writing, the Dutch government has fallen (again) with new elections slated for November 2023.
* Source: open.overheid.nl/documenten/ronl-1ab15ce4-f214-447a-b3b4-a3840143662d/pdf (a report from 2020)
Is 1200 euros expensive for apartments?
@@mharley3791€1200 is extremely expensive for what you get for it. You get around 50m2 living space for it, depending on the location. Next to the 1200 euros you also need to pay for water, electicity, taxes and food, which also became really expensive. For young people, who don’t earn a lot of money (around 2000 euros with taxes a month) its just not worth it and much too expensive.
We have EU free market, why don't dutch agriculture companies not just buy cheap land in eastern Europe and elderly dutch don't move to cheap apartments in Bulgaria?
@@leoprg5330 a lot of the retired people move to Spain, actually. But not all of them want to or can do it for a variety of reasons.
Farmers tend to inherit land from family, so there's a big attachment to these lands. On top of that, transport from Eastern Europe to the Netherlands adds cost, but an economist can better answer whether or not that's still economically viable. Freshness is another factor, especially for milk and meat
@@leoprg5330 Actually, a lot of Dutch agriculture companies do move to mainly Poland but also to the rest of Eastern Europe. Some also to Denmark, East Germany or other countries
“Automation alone won’t fix problems like labour shortages” (10:35) - that is exactly what automation fixes. Same output with less labour input.
Naming old Philips and forgetting ASML😂
Sad
I live in the Netherlands and this is a nice video. @Celis.C already adds a lot of nuance to this video but one point I always miss in discussions of high prices in housing is the sheer amount of investors (both individual and companies) who often use limited availability due to a lack of land to make a killing. In 2022 alone, investors bought 88,000 houses. Blackrock alone owns around a 100k of units in Europe and owns about 15 BILLION worth of property in the Netherlands. What bothers me is this is pretty much not visible and then people start finding scapegoats e.g. young people, single people, immigrants etc when the investors are far more to blame.
brother stop being a conspiracy theorist that is scared of blackrock, they are a hedgefund, the money they control is barely theirs. if you look at the actual owners of the wealth that those houses represent it's apple, microsoft, google, sony those companies that really own it...
Yeah young people or immigrants are often pointed as the scapegoats. While the rich are the real guilty onces. People with dozens of houses empty just for the money. Or big companies. like blackrock. It should be illegal. but it isnt. Due to corruption in the goverment.
No the fact that we havent build for so long because we have discouraged that after the 08 bubble. And adding on top of that now the difficulity due to bureacracy and rules such as climate accords we now have a huge shortage. Supply and demand doing its job. Banning investors is absolutetly retarded as that will have a counter productive effect on the demand too build.
If house prices are so high, how the hell do investors making a killing? You need to buy low and sell high to actually make a killing in investing. Not by buying high to begin with. And 15 billion worth of property is less than 10% of the total market. And they don't exactly let these houses sit there empty.
The problem is immigration (not just from poor countries as majority actually comes from rich countries). Netherlands added about net 400k people alone in 2022. That is not sustainable.
Then there is a lack of new supply of houses due to too much regulation and too little space to build.
@@SJ23982398 We have plenty of space. We just look at the wrong areas. Instead of trying to build more in the already overcrowded randstad. How about we built up north where we have plenty of space. All we need then is a proper high speed train connection from the north going into the randstad. Then the demand for the north will sskyrocket and the so called land shortage is gone.
The main problem is that our government hasn't acted for multiple decades on issues like nitrogen emissions and the mortgage tax rebates which were already clear back then. Instead they kept and kept postponing and waited until the bomb burst.
Ik noem het graag de markmagie. Het geloof dat de overheid niks hoeft te doen en maar kan hopen dat de "vrije markt" het wel oplost.
@@MrMarinus18 Ik noem alle bouw op slot gooien voor een fictief stikstof probleem niet niks.
@@grumbeard Het had al veel eerder moeten gebeuren. Maar omdat ze het maar op z'n beloop lieten omdat de markt het wel op lost is het uiteindelijk hier toe gekomen.
Het beleid van Rutte is neo-liberalisme in pure vorm: Overheid doet niks behalve de vrije markt bevorderen.
@@grumbeard Ik denk dat we een linksere overheid nodig hebben. Eentje die een probleem ziet en meteen handelt om het zo goed mogelijk te laten gaan. Niet eentje die alles maar op z'n beleid laat gaan totdat het echt niet meer kan omdat de EU het eist of omdat er protesten op straat zijn.
Als de EU de overheid op de vingers moet tikken of er protesten moeten zijn dan heeft de overheid al gefaald.
@@grumbeard Een ding wat opmerkelijk is, is dat de overheid wel degelijk kan werken als ze het willen. Nederland heeft een van de beste wegen van de wereld en ons fiets infrastructuur is het voorbeeld voor de wereld nu en bijna heel Europa kijkt naar Nederland voor de fiets revolutie.
Het is gewoon heel zonde dat het geld en aandacht niet naar andere dingen gaat zoals gezondheidszorg.
As a Dutchman I congratulate you on the video.
But one important sidenote is that in the video you mention that the peak of inflation was the highest compared to other western economies at a staggering 14.5%, however the Dutch CBS (central bureau for statistics) admitted that their inflation models indicated an unrealistically high inflation rate. This is because the models were created under the assumption that every one would have a new energy contract every month. This is obviously not the case and if you would filter this out you would get an inflation rate of roundabout 8%. This is still relativily high, but way less than the still official number of 14.5%.
Go too the supermarket. Atleast 50% inflation in every product from 2021. Energy prices 300% inflation even today compared to 2019. Housing inflation of 30% compared to before covid. Car inflation, consumer good inflation, producer good inflation, raw material inflation and more all above 30% atleast. This 14% is a huge understatement. Everyone can tune the numbers and graphs the way they want. But the average dutch person is dealing with alot more pain in their wallets than 14% inflation.
@@gamegamesnldegameszijnop The 50% inflation in supermarkets isn't necessarily a product of the high inflation. Supermarkets like AH and Jumbo have found that if the product cost rises with 20 cents (which is still a lot), they decide they can trow up the price for the product with a whole euro per piece, not the 20 cents. this is why Jumbo got a record high revenue (not gain) in 2022.
@@gijs_de_radijs6994 I dont understand what you mean here? I am talking about the damage that the end bill that people get when checking out in the supermarket does to their wallet compared to before all this inflation crap. Dont give a damn about what the supermarkets do. Everyone is a part of this and it all started with the policies of the goverment and the central banks during covid.
Actually, the official numbers are much lower than real inflation because they purposely dont take into account cost of housing. The official inflation number since 1993 is a little over 100%. In the same time housing has become 8 times more expensive. Considering that rent or purchasing a home is the single largest expense anyone will ever have in their lives, the real inflation figure is much, much higher than the official statistics.
not gain indeed. which means their margin lowered. the producers are the bigs thieves (Unilever, Nestle, Mars)@@gijs_de_radijs6994
Around 60% of the landarea of the Netherlands is used for agriculture, but it only represents a small part of GDO. With just a small reduction in area for live stock more then enough room becomes available for housing projects.
so we can house all these refugee bums? hell no.
There is no lack of room for housing projects. Every city, including the most densely populated ones, has plenty of land available. The problem is environmental regulations and bureaucratic red tape. We should do away with the tyrannical environmentalist civil servants and government advisors if we wanted to address this problem. Agriculture has NOTHING to do with it - like construction companies, they're basically tied with hands and feet to whatever nonsensical regulatory bullshit our government and their minions in the civil service (or is it the other way around - after all, legislation is outlined by elected officials but then drawn up by civil servants) come up with.
@@classicallpvault8251
Dutch urban planner here. What you say isn't true. There's no land anywhere, and especially not afforable land.
In other countries roughly 20-30% of the price of a new house is the land value. In the Netherlands that tapped 68% by 2008 and has gone up slightly since.
The problem is the idiotic policy of the 'compact city' forbidden all development except crowding up existing towns. This means you have to buy extremely expensive land already in use, demolish what's there and then build. So the houses are made a load more expensive.
I see many projects fail because it's just too expensive.
Regulatory BS? I've done this work for a decade now and I encounter very few BS rules, and most of those aren't intended as BS but end up working like it by accident.
Agriculture is also THE cause of the current nitrogen restrictions strangling housing production. Large developer AM went from 2100 a year for 2022 to projecting 600 houses for this year.
If the millionaire animal farmers were to be cut in half, the nitrogen problem would be over instantly.
If we abolish 10% of the current agricultural wasteland and build houses on it, we would have a housing surplus of roughly 2 million houses.
Bit worse than that, that 60% is just grazing lands, mostly filled with one type grass even. this is exchanged for about 4% of GDP. Now, don't get me wrong, food is important, but maybe the netherlands doesn't need to be the second largest exporter of agricultural products in the world, both net and gross
@@rasmAn2
Nope, 10% of that is forest. 50% is fields, most of which is grazing pastures.
I mean the situation is bad, but 60% unnecesary grazing pastures is still worse than the real situation is.
Most important thing is that the Netherlands is heavily dependant on world trade which is taking huge hits. So its kinda normal to be in a recession
I feel like the cost of living in the Netherlands is soaring too much for a lot of people to keep up. Espcially if you live in a bigger city and don't have acces to social housing. You can expect to pay 40-50% of your income just to live there, if not more. Also the gas prices have been insane soaring to 2,20 a liter compared to 1,60 in Spain for example. I feel like we are really on the downturn and people are getting squeezed out of things they could afford earlier.
We did have growth in 2021 and 2022. We in 2020 we had a negative -3.9% growth rate, but compared to other European countries we still end up in the top 5. The Petrol price is mostly tax and Spain has a pipeline to Africa. The house prices are insane, but that isn't a new development. They've been rising like crazy for 20 years now. The building stop is not making it better of course. Germany and Britain have the same problem.
In Spain minimun wage is around 1k per month.
@@Tixolaxlie
@@zombiehackBo yes sorry, its 1080€/month lol
@@Tixolax bro its like 400-500, i know a lot of spanish people i think u are comparing it with a good job. Were talking minimum wage. In internet can say whatever it want. A lot of people tell me they earn like 400 a month at macdonalds. So ure completely falae
bureaucratic regulations concerning nitrogen emissions from different economic activities, such as construction, agriculture, and transportation, have been notably stringent. These regulations play a vital role in safeguarding the environment, but they can also present challenges for businesses and projects that generate nitrogen emissions. Adhering to these rules may result in project delays or additional costs.... the netherlands has been grappling with a housing supply shortage, particularly in urban areas. The slow approval process for construction permits can significantly impede the progress of new housing projects, ultimately limiting the availability of homes and causing property prices to rise....Van der Ploeg, Jan Douwe. "Farmers’ upheaval, climate crisis and populism." The Journal of Peasant Studies
In other words, source: trust me
@@Anthony-db7cs this is true though
Because it's your biased hunch opinion with no sources to back it up? He just said what you wanted to hear so it must be true haha@@ricardoebbers5154
@@Anthony-db7csit's true. Our gourverment are a bunch of braindead monkeys -.-
So essentially, what's pretty much happening everywhere in the developed world is happening in the Netherlands as well.
Yes, but stronger and earlier. Unfortunately.
Very interesting report, one item that wasn't mentioned is the Netherlands is implementing European regulations in regard to the Nitrogen levels. Not it's own guidelines as was implied during the report.
Privatisation of the dutch housing market around 10 years ago is a big reason for the stagnation of housing construction
uk had something similar
The reason why privatization failed is because it was a too big institution to be privatized. The government was wrong when they established it in the first place
@@Omer1996E.Cwhen you privatize housing the developers will prioritize profits. And to get higher profits on housing you have to reduce supply
The Dutch housing market is hardly privatized. We have a very regulatory housing market and the highest amount of social housing in the EU, almost twice as much as number two. If you want a new house and have until a modal income, you can only get one if you are on the waiting list for housing and have enough points gathered. This is for renting and also for buying. Your comment is pointing at the fact that social corporation houses are sold to people and social corporations have not built many houses because of losing the profit of renting that out has gone to the government. But that is only a part of the problem. A bigger problem is the stringent measures and rules (bureaucracy) before a project can be build, environmental and civilian participation procedures. And don’t forget the new tax and rental rules of the government that makes it very unlikely that investors will start building new housing projects. Investors only want to put money in projects if there is a return on investment aka profit. That is hardly the case nowadays.
@@Omer1996E.Cthe preceding status quo were barely liveable slums. Social housing upped the standards in the 1900s and if anything they should have not cutback
I think a society generally should adopt environmental restrictions when the cost of living is declining, not when it's rising.
The restrictions existed before the cost off living crisis. You can't willy nilly choose to apply or ignore environmental protections when it suits you. That is why we are in this situation in the first place.
The costa of living never decreases, it only goes up.
@@tiagogomes3807 That's wrong. Technological progress reduces the cost of living.
Environmental restrictions are about controlling externality costs. If you remove them, you're essentially robbing from the future generations, not actually creating wealth.
Then the sea will continue rising even higher
Thank you for the video and information. I would like to more read about Netherlands economy, is there additional resources that you would recommend?
Out of all countries lived/visited - The Netherlands is one exemplary country in many aspect. Having a Market and in the same time providing the safety nets, technology, advanced research, greenhouses, and a multicultural environment. A Lovely place indeed!
Very well researched video. One correction though: these policies aren't purely 'ideological'. Nitrogen deposits - mainly because of animal farming - have been in the deep red to EU standards for decades. Pollution by industry like pig farming lands a real cost to the economy. Same goes for other highly polluting industries that have put the burden of their cleanup to the rest of society.
If we can squeeze out some industries that are highly polluting that also happen to be morally abhorent, like industrialized pig farming, it would be to the benefit of both the housing crisis, the environment, soil depletion, nitrogen crisis, the overall living conditions near those farms, and the moral wellbeing of the Netherlands. The economic hit? A few families would be royally compensated and in the worst case scenario the price of bacon rises a few percent. Well, I'd rather have a roof over my head!
Cost of living in the Netherlands is becoming too high if you look at the wages, wich are mainted relatively low to favor competitiveness. Almost half of my net salary disappears in my rent every month (and no I do not live at a fancy place, on bedroom appartment of 50 m2 and that was for Dutch norms at the cheaper side). And living to the cheaper places in the North-East or Zeeland will not change anything as the public transport prices are huge. Then, to other monthly charges come as electricty and heating. I have a fixed full time job at a Dutch University and have a MSc degree, but basically when all the mandatory livings costs have been deducted of my bank account I must pay (wise word choice) attention to what I buy, eat and restricting, also on essential stuff as health care. No wonder that Dutch people start to live in Belgium to work in the Netherlands. Basically, if you are under 35 in the Netherlands, you are totally stuck on finances. With the possibility to make trains in the rush hours even more expensive, the will to make owning a car a huge luxury, there is not perspective to restore the balance between a fair wage for a fair cost of living. Now wonder that households cannot spend much into the economy.
I am going to emigrate a lot further away than Belgium :)
Not paying taxes for this shit anymore
This is what happens when governments start treating their tasks as a game and get bored, so they do challenge runs. "No nitrogen run" + "zero covid any %" + 1 million immigrants in 10 years, etc.
When faced with the decision between the health of our planet and economic growth (ever improving living standards), past precedent has always shown we choose economic growth. Which shows we are doomed unless/until we find a way to achieve both in harmony.
Both are not opposite to each other.
@@DailyLifeSolutiongood point
We have achieved both in harmony. As our economy has advanced we've produced less emissions. We no longer rely on coal fires or power stations do we? ...and smog used to be a big problem in Cities. It isn't any more.
regulation stifles innovation which is the only way forward
Explain how we are doomed?
Interesting video!
As our economy has advanced we've produced less emissions. We no longer rely on coal fires or power stations do we? ...and smog used to be a big problem in Cities. It isn't any more.
We hebben nog kolencentrales.
I studied environmental science. My boss (a major general) asked me in 2000 what reduction of CO2 would be necessary to be sustainable. I said 99%. He was shocked and walked away. But sorry, it was the scientifically correct answer.
@@ronaldderooij1774 absolute bonkers, not "scientifically correct" at all LOL come on
@@gadget00nope he is correct the number would have been lower if the question was asked back in 2010
Actually the air quality in Amsterdam and other big cities is still among the worst in Western Europe. But the government doesnt want to talk about that. Instead, theyre going to ban smoking :)
Regarding economic recovery, you are generally looking from 2019Q4 to look at the recovery since the pandemic (and also the possibly negative effects of Brexit). Because the Dutch GDP had a relatively small decrease (just below 4%). It had already fully recovered from the pandemic by eary to mid 2021. But because the fall was smaller, the bounceback was also smaller compared to other European countries. However, it still had a respectable growth in both 2021 and 2022, both around 5% annual GDP growth inflation adjusted. If you compare end of 2019 to end of 2022 the Dutch economy has grown with more than 5% since then, which is above the European average, and quite a bit above the western European average.
Only now the economy seems to be in a slump, with a contraction of 0.3% in 2023Q1. As 2022Q4 still saw significant growth, the economy is not in a recession yet. Like ll other European nations, it went through a major inflation and energy crisis (caused by a major geopolitical crisis on the continent) which has affected the economy as well. Still, an annual GDP growth of around 1 to 2% inflation adjusted is still predicted for 2023. With similar to slightly higher growth figures predicted for the years after that.
The economy is not growing quickly, and last quarter there was a significant slump, it is still a very stable and strong economy. But the economy is still growing and thus not stagnating or even decreasing anually.
Idk where you get your numbers but the ecnomy did not grow 5% annually inflation adjusted. In fact it grew less than the inflation rate. 1 trillion GDP this year inflation adjusted is actually a smaller economy than what we had a couple years ago.
@@TheSuperappelflap All GDP growth figurs are inflation adjusted as standard. When you see those figures, they talk about inflation adjusted pretty much 100% of the time.
@@ToonHermans18 yeah but those are the official inflation figures which exclude the cost of housing. let me give you an example. since 1993, 30 years ago, official figures are inflation of 106% last time i checked.
rent and cost of home ownership are not included in that. i dont know off the top of my head the increase in rent but i can tell you cost of buying a house has increased by 700% in that period.
now consider rent and/or buying a house is by far the largest expense most people will ever make. the only conclusion is that the official figures which are used to adjust GDP for inflation are not very accurate :)
Im dutch and this is an accurate video. Thanks for sharing :)
many problems could be solved if GMOs were accepted (which increase the productivity of the land and reduce polluting substances) and nuclear energy (which could shut down gas plants)
I just know i never own a house in the Netherlands.
You should not want to own a house. It's the worst investment you'll ever make.
@@PropagandasaurusRexthat's only true if landlords don't exist.
Because they can jack up the price forcing you to leave and with no alternatives you go homeless.
That house in the picture would around 700000 euro's. That's not the size of a average house here.
The cheapest new built units in the area I live in are 600K. It goes up to over 1 million. And I do not live in a city. Municipality with a few small towns.
Just a slight correction: the organisation that measures dutch inflation had a different methodology at the 14.1% inflation mark than it did at later measurements. According to the CBS it increased the accuracy of the indicator.
Thanks Rutte!
I always love when English or American people make videos like this. They're always full of facts and yet completely miss the point.
Let me give you the real reasons for the economic issues we are having.
First is massive wealth inequality. We may have fairly low wage inequality compared to other western countries, but the highest wealth inequality of all. Generational wealth rules everything and social mobility is practically 0.
Next is stagnant wages. Real wage growth has been deep in the negatives since the early 90s. I make the same amount of money my father did, but my money is worth less than half of what his was due to inflation.
Then there is corporate tax evasion. Profit and dividend taxes are very low and there is a lot of room for creative accounting, so that businesses that make billions in profit basically dont pay any taxes.
Divestment from the Dutch economy is also a big issue. In 2008, during the financial crisis, it was estimated that an amount of money equal to 80% of the GDP was moved out of the country. In one year. That is money that is no longer in our economy, slowing economic growth.
If we didnt have all the problems mentioned above, there wouldnt be a cost of living crisis. The problem isnt that there isnt enough money, its just not ending up in peoples hands. With a population of 18M people, and a GDP of 1 trillion USD, that would mean on average the economic turnover is 55K USD for every man, woman and child. But only about 10 million people actually work. So that would average 100K USD per working head of population. That would be plenty to buy a house and afford to eat. But the median income is about 40K USD, not Euro as mentioned in the video. Wheres all the other money going? Well, to the rich, and to tax dodging multinationals.
We also dont have a housing crisis. There are 8 million homes for 18 million people. Thats about 2,25 persons per home. The average home is easily large enough for 2,25 people. What we have, again, is a housing distribution crisis, just like we have an income and wealth distribution crisis.
The reason housing is so expensive isnt that there arent enough homes. The reason is the government purposely created a very attractive climate for international investors on our housing market, to drive up property values and thereby income from property taxes. They dont care that this makes housing unaffordable for native people.
As a Dutchie I don't agree with everything. I would say that our taxes are too high, especially corporate tax and taxes on dividends (i work as a Financial Controller). but yes, alot of the bigger corporations are not paying any taxes at all, especially when you do business overseas.
@@Jannie171 I was talking about the multinationals that make billions and dont pay anything. Ahold, Heineken, etc. Obviously smaller companies are being taxed heavily to make up a little bit for what the large corporations arent paying.
@@TheSuperappelflap okay yes then we are on the same page. The middle and lower class is the big motor that funds all stated benefits in the Netherlands. And get taxed insane amounts, while multinationals and wealthy individuals jump in and use our infrastructure and tax loopholes.
The problem is, the Netherlands don't have a "Volksvertegenwoordiging" (representation of the people) they have "Bedrijfsprostitutie" (company prostitutes).
Everything (Companies, Bruxelles, Ukraine, 80% of the atmosphere, migrant polar bears on the south pole... you name it) is more important than the Dutch.
But hey. If "protesting" has been reduced to clicking "I don't like this" on Facebook... Of course the representation doesn't fear the people they should represent and do as they please.
The Dutch need to re-learn the fine art of defenestration. Fear is an essential part in keeping politicians focused on their real task.
@@ojoshiro I dont think you should say stuff like that, some politician might read this and feel threatened and you will go to jail for suggesting violence against politicians on the internet. They are a protected class.
the nitrogen crisis and associated bureaucratic measures have particularly affected industries heavily reliant on nitrogen-producing activities, such as construction, agriculture, and transportation. Slower growth or even contraction in these sectors can have ripple effects on other parts of the economy.--.
I laughed when you showed that house with the 424,681 euro pricetag. I'm pretty sure that sort of house will cost you a lot more.
That was a typical American new build. Definitely not Dutch.
Great vid
The Netherlands has negative natural population growth (births-deaths). The driving force behind the high demand for housing is migration, which you chose not to mention. The government recently collapsed over the migration issue. Too many people also puts too much pressure on the environment.
The average people per household is decreasing because people keep living alone dispite being 150 years old. There are at least three maybe 4 or 5 million homes where whole families could live but the owners don't want to move to appartments because of nostalgia. While help from professionals would be way easier and quicker for your old days, and meeting others regularly is also easier combating loneliness.
If you take a tour through the countryside you'll see what I mean. Hundreds of homes and small farms where old people live all alone. I'm not saying it should be forced or anything just that small villages are not designed for single person homes.
In the past a small village of a hundred homes had like 300 habitants. Now maybe 150. So it is harder for bisnisses and services to run properly and hard to find people to help on the farms, gardens and stores.
If you half the density, you more than half the quality of life, while the amount of houses stay the same
84% vindt dat de immigratie naar beneden moet (volgens EenVandaag) en een groot deel maakt zich enorm veel zorgen om de dalende koopkracht, dus ik snap niet waarom zoveel politici een opendeur en alles voor het milieu beleid blijven bepleiten, zeker aan de linker kant van het politieke spectrum zoals de sociaaldemocratische partijen.
Ik bedoel niet een deporteer en of onderdruk minderheden beleid, maar het tegenovergestelde bepleiten als de richting die een groeiende meerderheid van de bevolking wil, klinkt niet bepaald logisch.
@@JasperKlijndijk Dit slaat als een tang op een varken. Op een paar dorpjes op plekken als Zuid Limburg na, groeien die dorpjes en steden en nemen de voorzieningen af relatief tot het inwonersaantal. Ik woon in Nijkerk, wat in de afgelopen 20 jaar verdubbeld is in inwonersaantal, maar de voorzieningen zijn grofweg gehalveerd. We hadden een zwembad met binnen en buiten drie baden, nu is het zwembad samengevoegd met dat van Hoevelaken, maar het heeft nu nog maar drie binnenbaden. Het aantal winkels is gelijk met toen. Ik kan zo nog een tijdje doorgaan. Nijkerk mag bovengemiddeld gegroeid zijn, maar de verminderde voorzieningen komen door de opkomst van supermarkten, bezuinigingen en het verplaatsen van voorzieningen naar de Randstad en in het bijzonder grote steden als Amsterdam, Rotterdam en Den Haag. Kijk maar eens naar de politieverdeling of de verdeling van de gasgelden.
(Dit is te complex om in het Engels met de juiste nuance uit te drukken.)
@@JasperKlijndijkit’s not that old people want to live in big homes because of nostalgia. My grandparents currently live in a single family home which they have rented since 1968. They would like to move to a smaller apartment but they can’t. This is because apartments have become really expensive to buy and now are really expensive to rent. It just doesn’t make sense for them to move to a home which is smaller and more expensive. I cannot say that this is the situation for all seniors but it is a common problem for many.
No, migration is not a driving factor, Netherlands has both never kept up supply with demand and actively shrunk/arrested the housing supply during the preceding decades in a attempt to increase the size of the private sector.
The produce for export are usually high value for low production. There is a need for more essential goods, like potatoes to import.
The nitrogen problem brings another problem. The waste from livestock is piling up. It needs to go somewhere else if people are forbidden to use for their crops after a certain point, creating larger excess. On top of that there is/was talk of parties in parliament on the left side to make those buyouts *forced* buyouts and a strong counter push to that.
I used to live in Holland, their infrastructure and efficiency puts most to shame
Another big factor in regards to the housing issue is the aging population and the resulting policy of 'mantelzorg' aka at home caregiving. This resulted in more elderly staying (alone) in (large) homes than ever before. Another factor is cultural, more and more people are fine living alone. Students moving out early due to cultural norms, couples not moving in together or keeping a backup home, the dating culture in general not being focused on creating families. While a smaller factor for sure, and this channel is obviously an economics focused one, I think it is important to look for causes which do not solely lie in the realm of economics.
Every country is facing a housing squeeze. So tying it to the nitrogen budget seems misleading.
That picture of a average house does not fit. The picture is of a house ±3 times the average price.
My sister's daughter is currently studying in the Netherlands, while at the beginning she had thought of staying in the Netherlands and working after finishing her studies, now she is more focused on the idea of not staying there and going back to Latvia after finishing her studies. Having lived there for two years now, she has realized that the initial euphoria is starting to wear off and she really understands that the cost of living in the Netherlands is huge and that really the initial problem was finding a place to live. No matter how much she works there and earns - she understands that she will never be able to buy herself a house or an apartment.
My personal opinion is that the Netherlands is overpopulated and unable to absorb the demand of immigrants for a place to live.
It is a sad reality. Its going to take some years to to rebalance things here, especially housing.
It's not overpopulated, the government isn't competent enough to build houses
Im native Dutch and Im thinking of moving to Latvia, thats how bad it is
Netherlands is not Soviet Union where government give orders to build something - Netherlands know what is best for them and they people - just people move to live and study in Netherlands faster then real estate market can take care of all them. So prizes go up and still houses is not enough for all of them.@@MrSuperwim
@@matrixberzins465Actually the government here heavily subsidizes sectors of the economy and it is able to start building projects in municipalities, maybe look into it before spouting nonsense.
Typical freewheeling neolberalism. Good for business does not mean good for economy, or good for people. While business is booming, wages are suppressed and rents exploding by constant immigration. Real wages have fallen percipitiously over last 2 decades. Previously, a mid career engineer could easliy afford one detached house (and maybe additionally one apartment) in his lifetime. Now a highly skilled worker (engineer + MBA) would be lucky to afford a single apartment in Amsterdam by end of his entire career.
neoliberalism has nothing to do with weird "nitrogen standards" that limit precisely the free market to move up and also the lack of building of tall skyscrapers to alleviate the high population density. Politicians still think they live in the 70s instead of embracing urban modernity to help their own kind
I don’t think it is because of the neoliberalism. In the Netherlands the increasing development in the so called hotspots in the video Amsterdam, Rotterdam, Den Haag and utrecht make it an incredible attractive place to live. The Dutch people are quite spoiled because of this luxury and most people think it is a base right to live in these big cities, when there is simply not enough room in these hotspots, you can buy a house more south or North and you could buy a detached house for half or sometimes even more cheaper in the so called hotspots. I do agree that mostly the students have to suffer because of the high living cost, all big universities reside in big cities so that is probably our biggest issue.
@@timblue5189 Netherlands has one of the lowest fertility rate in the world. How spoilt can they be, for all of them to desire a living in hipster Hotspot?
@@val-schaeffer1117 why do you think immigration is a thing? Also do you know how many working women we have in the work force 66% have a paid job in the netherlands, the highest of any eu country. Our population unlike Germany hasn’t been declining or collapsing. We had a population growth which doubled the last year.
@@timblue5189 Whatever problem holds true for Germany, also holds true for Netherlands. It's just less evident because the country is more urbanised
i didnt expect to see an old place where i lived most videos about the netherlands only show amsterdam rotterdam and utrecht so seeing amersfoort was a surprise =D
We hope that you will create an episode on the Egyptian economy❤
home ownership rates are an overwhelmingly good thing for the health of the household economies though, not without flaws but it beats the costs of renting overall
Making human slaves that are lied about as home owners is healthy?
How can a country that produces "everything" everything suffer the highest inflation in the western europe? Genuine question coz i dont think it make any sense.
I would guess commodity inflation they import 100% of the raw materials and most of the energy
Growing government = dying economy
Hence why all of Scandinavia hasn’t grown in over a decade
Norway is the exception, they have a 1.6 trillion investment fund
@@RonaldinhoGoatoil money
Sweden's economic growth is just fine despite having one of the highest taxes
@@RonaldinhoGoatdue to oil
Yes these countries need Reaganomics ASAP!
Congratulations on your subject and the handling of it. Quite interesting, but if I may suggest something though: please ask yourself why MUSIC is needed in the background, blurring a perfect voice. It is a fashion and - if I may say so - quite a silly and counterproductive one. People who need music in orde to be attracted to listen to the explanation of a more or less serious subject do not exist. Those who really need backgrond music are empty-headed (they need the music to fill in a void) and those people are by definition not interested in a serious subject. I found the background 'music' very disconcerting in your - otherwise very nice - video. So, my sincere compliments, but a strong suggestion to do without the music as an irritating and unnecessary 'filler', that will only cost you subscriptions (like mine).
Could you do one about Australia? 🦘
Not interesting mate
Why is Switzerland's debt to GDP so high?
They have a lot of gold to back those loans up, so they can borrow at very low interest rates and invest that money elsewhere. Just debt to GDP as an isolated statistic is literally meaningless.
@@TheSuperappelflap thanks
First up is Switzerland no longer a part of europe???
Also you made absolutely no arguments that the bureacracy was contributing to a downturn in economic activity instead it seems like from your arguments that the major issue is the limited land supply and that bureacracy has actually been a force for good in ensuring long term viability of the land that exists.
Agreed, I don't think bureaucracy itself is the problem, it's a symptom of having to manage many conflicting interests carefully.
completly agree. This video makes no sense, half ass takes without backing data or research papers.
I believe they meant to say European Union.
regulation stifles innovation which is the only way forward
In the Netherlands it's the people who prefer to subsidise agriculture, an economic sector that is irrelevant for the overall economy of the Netherlands yet takes over half of all available lands and causes many health problems (intensive agriculture in a country with high density population is madness). The fact that people prefer agriculture over the expansion of economic relevant sectors is an underlying problem that people don't like to acknowledge. But essentially the problem is agriculture which costs the country money and lands
Dutch economy slipped into a recession as of today. Might be due to China's slowing growth, which might hurt The Netherlands exports and also Saudi Arabia's oil cutting, hurts port exports too. You need fuel to export no matter how green The Netherlands pretends to be. Also would help Europe if they stopped joining America's wars, bad for the environment and just causes an immigration crises which lasts for decades.
America joined Europe's war and not the other way around (just like WW1 and WW2, Europeans loooove to murder each other).
America's wars? You're not talking about Ukraine I hope?
@@herman65 Of course he is. NATO would be more appropriate but sure the US is unofficially the leader of NATO.
@@JanPieter1974 stop blaming the US for European problems, the US told your leaders years ago to get your energy from other countries and here we are with multiple euro countries with larger unemployment rates, terminal demographics, higher inflation, higher costs of living with the two largest euro countries in Europe at war.
It’s a European war just accept it! The Americans told you guys to get your energy from other countries years ago and here we are with the two largest countries in Europe at war and Putin threatened multiple European countries with his cheap oil and gas energy in the onset of the war not only did you kill any chance of the EU growing its economy but you solidified American power in Europe for at least another century and that’s being generous because we’re just in the beginning of the war and the energy problem.
At 1:30, the Netherlands and US are not to scale. In reality, the Netherlands should easily fit inside the state of New York.
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Cringe
It's growing like no other country in the EU!
Check the news ...
haha jij gelooft nog wat ze op het NOS staatsjournaal zeggen zeker
The main problem is that the government stopped building houses during the economic crisis of 2008. No houses were being built and lots of people lost their job.
Now they want to catch up. The people who used to work in that sector have for a large part however moved on.
So they have to catch up for all those year they barely built anything and there are too few to build. And to add to that there also is the 'stikstof crisis', and environment organizations suing the government for not doing what they themselves promised. And obviously the environmentalists won.
So yea. It's pretty bad and the government under Mark Rutte fked up really badly. Overall just really poor governance. Pretty much all of it is caused by decisions they made.
No, there is enough housing. The problem is people cant live together because of the pension laws, unemployment laws, and last but not least, divorce and alimony laws.
Humans want to do what?
Those born rich are too apt to forget a simple ugly fact: without money, dignity will be gone.
That's not true.
@@carlomontecarlo7881 Dignity is how you are viewed by others and self-esteem is quite another matter. You can have the latter without money but never the former.
@tianjiaochai Dignity is more than a mere synonym of reputation, which is a word that fits your first sentence (how others see you). Dignity is the state or quality of being worthy of honour or respect. You don't have to be wealthy to be worthy of respect, and you can be poor and known for your moral fabric. Money can't buy dignity.
@@carlomontecarlo7881 I use dignity only for convenience. You can change it for whatever word you will. And my meaning remains intact: Without money nobody would give a damn about you. As simple as that.
@@GeorgeChuy history proves you wrong. If you decide to keep a close mind about such things, there's no point in debating even further. Have a nice day
as a dutch i would say that immigrants are also one of the biggest reasons for the house problem
Als je het woord Nederland vervangt door Nederstad wordt alles duidelijk en verklaarbaar. Blijft de beste stad ter wereld met mooie parken (platteland) en zeer goede en goed onderhouden infrastructuur.
En niet klagen over overbevolking, want steden zijn nu eenmaal steden, met per definitie een hoge bevolkingsdichtheid.
Wil je niet in zo'n stad wonen? Dan zoek je een plekje elders, ruimte genoeg in "elders".!
Grootst mogelijke onzin dit.. ben je altijd zo idioot geweest?
See what you want to see. Is it really slowing down?
An economy is a living entity. It breathes. In and out. Expanding and contracting.
Ideology over economy always ends with decline of economy.
It makes more and more sense. Building nucleaire reactors, wind and solar energie became cheaper than oil/gas. We are still dutch, it's all about the money
@@NLJeffEUI think what the original comment meant is that the nitrogen crisis (stikstof crisis) is seen as more important then the housing crisis. We can't build more homes because of the nitrogen crisis. Meanwhile all the people who think the nitrogen crisis is more important already live in their own homes and don't have to worry about the housing crisis.
There is no such thing as economics without ideology
4.5% growth in 2022 and 3.9% in 2021. Only 2020 we had negative growth of 3.9%.
now adjust for inflation
Dont forget the depressing tax numbers as a Dutchie....
They'd still need trade to feed themselves. No high yields without imported fertilisers.
Weird because this week they showed that we had more economic growth then other European countries.
Slowing down? I don't know where you get your information from but it's not slowing down but still growing and hard😉
Yet youve entered recession...
Describes dutch infrastructure without mentioning bikes or public transport.
Difficult to take it seriously after that.
This is an overly ideological interpretation. The Netherlands had a housing crisis in the 1960s, which was temporarily solved by building poor quality high rise. Those buildings were all pulled down and replaced by low density housing. So ultimately the only way to solve the modern crisis is through high quality high rise. Nothing to do with Nitrogen!
Altough your gov arguably is to harsh on nitrogen
skyscrapers are the solution for high density populations; that's it. Keeping "nice little dutch houses" just because they look good on video and pictures is a very funny yet irrational idea. The NL politcians have to accept this and must run down some blocks and give permits for tall apartment buildings, like any other cosmopolitan urban city in the world. Keep the cows and the agricultural sector as it is, but take the plunge and build housing the way it is needed for your population
@@gadget00 Thats just not true, the space you don't occupy for buildings you occupy with parking
Skyscrappers are necessary but are not the solution, and midrises are absolutly amazing in city planning for a load of reasons. Abundance of homes is the solution, build more from every kind
Uh, no. The much easier way to solve it is to solve the underlying reason why people arent living together anymore. Fix the pension laws, unemployment laws, subsidy structure and divorce and alimony laws. The average household being only 2 people is the root cause of the problem. We have 8 million homes for 18 million people.
There is no "housing crisis". There is a cohabitation crisis.
the scale of Netherlands is that of Massachusetts, not arkansas
You put it well when you said the Netherlands is ideal for multinationals.
That's because the Dutch government has sold their and the country's soul over to big business, through the WEF, and big government through the EU.
The Netherlands doesn't even really exist anymore. Nowadays, legally it's basically just a province of the EU reich. Sector B2 as I like to call it.
Even though the Dutch people voted against, the government went ahead and killed our autonomy by ratifying the EU constitution anyway. Since then Dutch law is always subordinate to European law. The Dutch people can elect national politicians with their own policies, but when the undemocratic EU Commission sends a directive, the politicians MUST listen and execute or otherwise get fined. Dutch democracy is dead.
yes, there is so much nitrogen! if your ground is't covered with plants, nettles will take over. No more wild flowers and plants, just nettles...
Very good video. As a Dutchman we are proud of what we had, but truly worry about the future. We are overfull of people, and Europe constantly pushes us to lower nitrogen and take on foreigners. This is also one of the reasons we a short on houses. Next to that ( not to discriminate) but foreigners often do not come here with a lot of money, work experience or with the intention of working (not just foreigners of course, but statisticly more). We are also quite done with constantly paying southern Europe for their own bad monetary system and economy. As you mentioned before, Europe is very important for the Netherlands, but southern Europe and Poland needs to get their shit together. I mean look at the chart of the contributors and recepients. The Netherlands needs to revolt more against Europe and Europe should stop playing around with us.
Foreigners are not the reason we’re short on houses, it’s the neoliberalism that’s to blame
@@YupRobin and the neoliberalism is the reason we have too many foreigners
@@YupRobin Denk je dat je oneindig huizen kan bouwen? Immigratie zorgt zeker wel voor een ontzettend hogere druk op de huizenmarkt. Je hebt denk ik niet door hoeveel (arbeids)migranten er in Nederland zijn, meer dan een miljoen. Je kan wel zeggen dat als je gewoon huizen blijft bouwen het nooit de schuld is van immigratie, maar dat is helemaal niet realistisch, denk alleen al aan de klimaatregels en landgebrek in ons land. De economie moet gewoon een keer gaan krimpen, een groeiende economie gebaseerd op immigratie is niet vol te houden. Beter dat Nederland nu gewoon bewust gaat krimpen in een gecontroleerde manier, zoals Japan. Groei op zich is nutteloos als het niet per capita is.
In ieder geval, ik wil niet in dystopische maatschappij leven waar alles is geurbaniseerd puur om absolute groei na te streven. Migratie stoppen is geen immoralistische actie zoals velen het blijken te zien. In tegendeel, ik durf te stellen dat migratie zoals het nu wordt behandeld door de machthebbende ideologie schadelijk is voor iedereen, en dus immoreel. We zuigen nu andere landen leeg van opgeleide en/of jonge arbeiders en met hen ontezettend veel investeringen. Investeringen die nu niet meer gedaan worden in landen als Bulgarije, waardoor die landen ook niet een verbeterde situatie kunnen ontwikkelen waardoor nog meer mensen hier heen willen komen. Het is een vicieuze cirkel met immense centralizatie van kapitaal en arbeidskracht tot gevolg. Altijd verassend hoe liberalen zeggen dat we migratie nodig hebben om de economie en populatie op peil te houden, maar ondertussen landen leegtrekken. Geven we daar niet om? Migranten willen hier helemaal niet komen, ze zouden veel liever in hun eigen landen willen blijven mits daar ook economische ontwikkeling is. Het is een ziekte om te denken dat migratie oh zo moreel verheven is terwijl je miljoenen mensen verdoemd door hen economische kansen te ontnemen. De migranten moeten hun land verlaten voor een onbekend land waar het vaak niet blijkt te zijn zoals voorgeschreven en de achterblijvers worden economisch benadeeld omdat investeringen zich er niet meer voor doen en jonge mensen vertrekken.
Als er een vorm is van 'neo imperialisme', waar veel progressieve mensen graag over praten, dan is het dit.
@@YupRobin 400k housing shortage, while having imported around 2 million immigrants.
hmmm math says it is the immigrants.
The Dutch have not to worry about anything. Western Europe is ground zero for an American-Russian nuclear exchange that will happen for sure, and pretty soon too. Two years from now, tops.
I do believe a nation can be happy if their economy is not growing as fast. It's about the distribution of wealth.
We're nearing a point where 1 million people are below the poverty line. That's 1/17 people who are poor and struggling to make ends meet at the end of the month. How can anyone beat their own chest and produce figures of how well "the economy" is doing, or how resilient it is?
The benefits of economic growth too often ends up in the pockets of large corporations and the top 1%. Spread that wealth out and we'd all be able to live happier, comfortable lives.
Is a caveman thats a slave better or worse off than a modern one?
Please make a video about the swedish economy. Speak also about criminality and refugee crisis there.
From the Netherlands. Great analysis.
Another problem is also to much spending for social issues and healthcare, which are unsustainable.
exactly the opposite is true.
i work in NL with kids from very difficult social and financial situations. when we help them they can grow through, get an education, work and pay taxes. if we dont they will need help until they die. same with sick people. if they can be cured or stabilized, they can contribute to the economy. otherwise they just cost money.
in addition it is barbaric to drop everyone who needs help. we would get US situations. people who lose work suddenly become unemployed. lose hope. become criminals. run into schools to shoot everyone they see. no thanks. a good social system is the backbone of our society.
its slow because they made terrible short term gains by cutting healthcare and education and now its slowely dying out because people can't get the proper education they need without going without money and debt
The picture of using to point out a normal house 😅🤣, living in a box for so much money looks more like it😂
TLDW: Dutch Disease 2: Nitrogen Boogaloo
Looking at the graph, is Switzerland not part of Europe!? It clearly has more household debt than the Netherlands... 7:40
The nitrogencrisis policy is not a policy to improve living/housing. It is meant to preserve the bits of nature and healthy soil we have. To not let the Netherlands become a wasteland and to not let Europe fall into this as well. Although it is necessary, the government sucked at handling this problem, which understandably caused a lot of dissidence.
Sounds nearly exactly like the UK, word for word lol
Why is at 2:57 Spyker cars mentioned as an example of an innovative company? It's a company that's in practice non existent at the moment. It barely deserves to be mentioned as a Dutch company at this point, let along among such international giants.
Dude, how could you not mention ASML?
It always astounds me how success the Netherlands looked at from capitalist criteria, while so many foreigners see it as a socialist country.
The truth is that the Netherlands is only slightly socualist, with the vast majority of the economy run in a capitalist way.
its about the balance: a good environment for companies and start-ups as well as sets of rules to chain corporate greed and a social system that allows people to take a risk or two to start something new or being innovative.
Short answer: the Dutch government thinks EU ideals about climate and importing millions of foreigners are more important than the well-being of their own people.
Let me guess, Republican?
@@Snoflakes_1 no I am not American so I can’t vote republican
@@jonathanfaber6164
Where you from if I may ask?
er was een strijder die door de storm en de overvloed moest gaan met zijn bateljon, en na eentijd strugelen vroeg hij aan God "waarom moet ik door de storm en konstant door de voet lopen"? God zei omdat je vijand niet kan zwemmen en de duivel blust !
0:33 Did they include the 3.5 tonnes of cocaine they uncovered recently, street value of approx 270mln I wonder... because that seems to be a significant portion.
Why is the strong Dutch economy slowing down? easy question. Mark Rutte
Judgement is on its paying back time
It is also a very unagreeable country. Social provisions are difficult. People tend to have a cold protestant attitude. There is a very clear distinction between the haves and have-nots. So the high average income is misleading. Housing is and always has been abysmal. Property prices and availability in Rotterdam for example are ridiculous because of influx of Londoners fleeing their city.
This video takes a very weir turn in the end.
"It became the first country to prioritize climate over GDP"
No its not. There were farmer protests all over europe because the countries enact nitrogen pollution regulation. Netherlands has just an insanely concentrated agriculture so its cuts are more noticeable than in other countries.
The cost of living crisis is also not just about not enough homes wich are build, but that there is effectively no price control mechanism on rents
Well, if you look at the judiciary (Raad van State en Hoge Raad), they do put (internationally and nationally) agreed environmental goals before everything else. Thyey just said that the old ways did not guarantee that these environmental goals would be met, so they forbid them.
0:14: The port of Rotterdam is often referred to as 'the largest German port' due to its significance to the German economy.
0:48: The Netherlands is ranked sixth in the world for business competitiveness, with high scores in business efficiency and infrastructure.
1:34: The Netherlands is the world's second-largest agricultural exporter, with significant growth in agricultural production while reducing natural gas consumption and fertilizer use.
5:40: Housing prices in the Netherlands have increased exponentially since 2008, with the average home now costing more than 10 times the modal income.
6:36: The government aims to build 900,000 homes by 2030 to solve the housing crisis, but faces challenges such as high raw material prices and increased borrowing costs.
7:04: Low supply and high demand for houses, along with government policies promoting homeownership, have contributed to the high prices.
Recap by Tammy AI
Over the top and overbearing cost for enviromental regulations, massive increasing costs for immigration. Wich facilitated big tax increases. And yes the war in ukraine as wel. But the first 2
You can only sell so mucj of chips
This was interesting until you started blabbing about ideology
So, according to this video, the problem is that people wants to own a house. I can see here the subtle message of the powerful groups that wants people to become renters: of the flats and houses they are buying for business!
Not how it works in The Netherlands. We don't really have private landlords like in the US
@@TheXshot It will change. You will see. Little by little.
It won't be that drastic, because there are heavy restrictions on renting out houses already, which may increase in the future.
Haha. Look up Holland 2 Stay and tell me that it isn't comparable to the US.@@TheXshot
All the money goes to climate and Ukraine. Moreover, they keep on increasing taxes to help the poor, only the poor keep on growing with import....