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All for the affordable price of nine thousand dollars, which is likely more than what a local person makes working for an entire year. It seems to me that the c
by lioeters 6mo ago
All for the affordable price of nine thousand dollars, which is likely more than what a local person makes working for an entire year. It seems to me that the concept of "housing" needs a serious re-think.
- manarth 6mo agoMedian income in Tanzania is ≈ $1,800pa, so this property is around 5 times the median annual salary. That said, housing in first world countries is generally a significant multiple of annual median income. In the UK, banks typically lend at 3–4 × an individuals salary or 3 × a couple's combined salary, so a single median earner on around £40k could borrow £120k – £160k. The article notes the pricing is out-of-reach for many people in Tanzania, but it's also not wildly disconnected from salary:housing ratios in high-income economies.
- mothballed 6mo agoAlso i doubt Tanzania has the code/zoning insanity of the US. You build your hut for cheap and quickly, then you put your concrete house next to it and build it over 10 years as you get money. Probably shared across a larger family. In places like US this impossible; you can only build 1 house on most plots and permits aren't amenable to slow progress so you need a loan and a gigantic pile of money all at once.
- vovavili 6mo agoZoning concerns wouldn't apply to a country without functioning state institutions and a monopoly on violence either way.
- vscode-rest 6mo agoDon’t worry, they can get a mortgage!