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Land and housing is cheap in the U.S, relatively speaking. in Norway, wealth taxes start after about 40 sqft of out-of-town apartment.
by microcolonel 9y ago
Land and housing is cheap in the U.S, relatively speaking. in Norway, wealth taxes start after about 40 sqft of out-of-town apartment.
- Moenghus 9y agoIf that was true, I'd be very wealthy: 40 square feet is 6.3 by 6.3 feet. Or 3.7 square meters. That would make for a price of 57 000 $ per square meter! In reality, the national average price in Norway is $ 5000 per square meter and 10 000 in the most expensive area (Frogner, Oslo January 2016) So $ 180 000 buys you a studio apartment of 18 square meters in the most fancy area, or 36 sqm on the average. That is roughly 200 and 400 square feet.