Re:Why Software Outsourcing Doesn't Work Anymore
by ajuc on Wednesday October 28, 2015 @10:24AM
(#10464599)
> It doesn't make any sense. I'll see homes for 100K USD, but rent only $200-300/mo? How does that work?
It's +- how it works in Poland in dozen or so biggest cities. There's no ad valorem tax on buildings, just a very small muncipial tax basing on land area and some multipliers depending on category. Also there's still shortage of buildings in these cities.
50m^2 flat in Lublin is worth around $80 000, I could rent it at $250/month maybe. The price of renting is on the high side for the city size, it helps that that particular city has 5 universities and 100 000 students with 350 000 regular population.
It's +- how it works in Poland in dozen or so biggest cities. There's no ad valorem tax on buildings, just a very small muncipial tax basing on land area and some multipliers depending on category. Also there's still shortage of buildings in these cities.
50m^2 flat in Lublin is worth around $80 000, I could rent it at $250/month maybe. The price of renting is on the high side for the city size, it helps that that particular city has 5 universities and 100 000 students with 350 000 regular population.
Interest rates are at around 2-5% mostly.