3 ms·
Prices are high in pretty much any big city in Europe. You say to buy a house in Berlin you have to get a mortgage for your life. Sure but even with a life mort
by cycomanic 5y ago
Prices are high in pretty much any big city in Europe. You say to buy a house in Berlin you have to get a mortgage for your life. Sure but even with a life mortgage it's impossible to buy a house in London, New York or SF.
It's a function of how incredibly high wealth disparity is. Go to the richest part of town in any big city sometime in the evening. >70% (often more than 90%) of the lights are off, because nobody is home in these multimillion $ homes, because they are 2nd, 3rd or 4th home. So the people who can afford houses that >90% of the people can never afford, can buy many of these without blinking an eye.