Thanks to tax breaks, low interest, insufficient construction, and lots of labor immigration, home prices in the Netherlands are increasing at 8% per year.
That way, Dutch home owners (60% of them over 55) are amassing another €170 billion in wealth this year alone.
To put budgets in perspective.

My calculation:
4.7 owner occupied homes *
Average value €450,000 (2024) * increase of 8% =
€169 billion.

Another €43 billion in value increase this year ends up with the owners of the 1.2 million commercial rental homes.

@Sustainable2050 Steve Keen offers a refreshingly different perspective on cause of housing bubble and what to do about it.

https://youtu.be/ysHZCI0WpXE?si=P8nbOAKfqz1wslZ6

“Brutal Truth: UK Housing Market 2025" Top Economist warns

YouTube
@Sustainable2050
But especially the mortgage interest deduction.
@Sustainable2050 which does not bring them anything. Selling to go live smaller is not an option. Apartments are more expensive. The taxman drops by every year to take his share.