4 ms·

That'a big deal. EE = most likely no property tax, which makes a vast difference in financial planning compared to the west. Basically if you're lucky to have

• sireat 9y ago
  Where did you get the info that there is no property tax in Eastern Europe? Most EE countries do have a property tax, in fact it can be quite sizable if your 50k Soviet era apartment gets appraised for the same tax base price that the luxury 500k condominium next door. The property tax bill can be a huge problem for retirees who live on Soviet era pensions in old houses next to new developments. Incidentally this is the problem that Prop. 13 in California set to solve initially.
  • dragonwriter 9y ago
    > Incidentally this is the problem that Prop. 13 in California set to solve initially. It's the problem Prop 13 was sold as solving, but not at all tailored to specifically address.