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Houses are expensive in places where everybody wants to be.
by gfrecvh 2mo ago
Houses are expensive in places where everybody wants to be.
- igor_nast 2mo agoYou didn't understand, I was referring to those "depopulated" places as well. So even thought a population of an area decreased prices don't show that.
- gfrecvh 2mo agoI take it you've never heard of the 1 euro houses in rural Italy then...?
- igor_nast 2mo agoI take it you don't understand that nobody wants to live there - so considering it as a housing option is a joke. But ok, sorry for making a shortcut in my prev comment.
- gfrecvh 2mo agoThe point that I and the other commenters are making to you is that house are cheaper in less attractive places. I presented an extreme, but it's true across the spectrum.
- slaw 2mo agoThese 1 Euro houses are scam. You have to pay for renovation more than it is worth.
- gfrecvh 2mo agoIt's true you have to pay for renovation. It's not true that it's "more than it's worth", and the proof is that people are buying those knowing about the renovation costs.
- matherial 2mo agoThat's not really true? Housing in depopulating / depopulated areas can be easily 5-10x cheaper than in premium metro regions. In picturesque locations, there's upward price pressure because well-off urbanites sometimes buy vacation properties, but that's hardly a new thing.
- hdgvhicv 2mo agoIt’s supply and demand. Unless the supply significantly outnumbers demand then land owners can increase the cost to extract all consumer/producer surplus.