Re:‘Overtourism’ Worries Europe. How Much Did Technology Hel...
by charlesdm on Thursday August 30, 2018 @02:29AM
(#17874507)
That already happened. A friend of mom, his aunt, owned a house in a bay in Ibiza during the 1960s. She bought it for €150k back in the day (which still was a lot of money back then).
A few years ago, she sold it for €12 million.
Re:‘Overtourism’ Worries Europe. How Much Did Technology Hel...
by TimonKnigge on Thursday August 30, 2018 @06:14AM
(#17875481)
According to this [0] calculator, $150K in 1965 is nearly exactly $12M in todays dollars (not sure how to inflation-adjust euros back into the sixties :-) ).
Re:‘Overtourism’ Worries Europe. How Much Did Technology Hel...
by charlesdm on Thursday August 30, 2018 @10:34AM
(#17877048)
It's $1.2m actually according to the calculator, not $12m. So the asset went up 10x more than inflation in those 55 years.
Re:‘Overtourism’ Worries Europe. How Much Did Technology Hel...
by padthai on Thursday August 30, 2018 @09:20AM
(#17876428)
I am getting $1.2M. What it would make more sense. Ibiza in the 60s was dirty cheap compared to what it is today.
Re:‘Overtourism’ Worries Europe. How Much Did Technology Hel...
by erik_seaberg on Wednesday August 29, 2018 @06:17PM
(#17872565)
There's a shortage of nice places, so they will be rationed out, either by money or by politics and violence.
Re:‘Overtourism’ Worries Europe. How Much Did Technology Hel...
by ben_w on Thursday August 30, 2018 @02:07AM
(#17874429)
Has anyone considered making more nice places?
Almost all the examples of “nice places” I’ve seen on this post have been artificial.
Re:‘Overtourism’ Worries Europe. How Much Did Technology Hel...
by Piskvorrr on Thursday August 30, 2018 @05:20AM
(#17875255)
That works, with a few caveats.
1. It takes time.
2. The places need to be intrinsically nice, not "generically pleasing to tourists at this moment" - those wear out quickly.
3. Popularity breeds popularity, so the tried-and-true sites stay popular.
Yes, and in the good old days, that niceness was a local property: The rich got the nicest places in the area and the poor got the shittiest places in the area.
I guess when globalisation is fully realized, according to this, the rich will get the nicest places globally and the poor will get the shittiest places globally.
Why do we want that future again?