A house down the road. Sure it’s nice but it has absolutely no yard and you can’t have a pet or anything that makes noise or the neighbors will quickly complain.

So just almost 8000 a month! I used to pay $5000 a year in taxes in 2005, so it’s like paying property taxes every month! Yey! So affordable!

Seriously, I don’t know what sort of fool would be convinced to move into any of these hundreds of houses that are basically 1.5million dollars. They would need to tare them down and built into mini hotels. Problem is that there are literally no local tourists attractions. It would have to be a college dorm house or multi-family slumlord special.

  • Tja@programming.dev
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    3 days ago

    Yeah, but nowadays 7% it’s more like overdraft interest, or at least car loan. At least in Germany mortgages are well below 4% (were below 1% in the late 2010s).