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Anecdotally, an acquaintance of mine had to put down a ~$US10K non-refundable deposit (several monthly wages back then, even for her way-above-average income a
by jhgb 5y ago
Anecdotally, an acquaintance of mine had to put down a ~$US10K non-refundable deposit (several monthly wages back then, even for her way-above-average income at that time) to just be allowed to compete for a rented flat in Prague with other prospective tenants...more than twenty years ago. So well before any AirBnB or anything like that.
- ChuckNorris89 5y agoSound kinda like a scam targeting rich foreigners. Like how in Berlin the landlords will make you buy their furniture off them for ~15.000 Euros if you want to rent their apartment as it's a seller's market. Crazy times we live in in Europe.
- jhgb 5y agoUh...she was a Czech, just like I am. That's simply how housing in Prague worked back then, apparently. I'm just glad that I was just a student living in affordable dorms at that time (something like $US40 per month or so? I don't recall the exact figure anymore). She was a Prague native. BTW, as for "the rest of Czech Republic", things are not rosy in general: https://english.radio.cz/no-end-sight-inflation-czech-housing-market-8722538 https://english.radio.cz/no-end-sight-inflation-czech-housin... If the article about the US situation claims 118% of inflation-adjusted price increase since 1965, that's less than 2% increase per year. Not quite sure how this number is comparable to recent Czech figures, but I'm sure that Czech inflation wasn't anywhere near seven percent in the last years, so there's that. A 65% price increase since 2015 would be 9% annually on average. Czech inflation between 2015 and 2020 has been ~2.25%/y on average. So that would make the price rises adjusted for inflation 6.6%/y on average.