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A comment on Housing is at the root of many of the rich world’s problems (2020). Parent comment

Re:Housing is at the root of many of the rich world’s proble... by distances on Wednesday August 17, 2022 @05:00PM (#32501669)
And if it's attainable, does it make financial sense? I rent an apartment now, and to buy a similar would be roughly 1000 times the monthly rent. I would have to bet very heavily on appreciation before that made financial sense, even with the leverage of a mortgage.
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Re:Housing is at the root of many of the rich world’s proble... by jjav on Wednesday August 17, 2022 @08:25PM (#32503656)
> to buy a similar would be roughly 1000 times the monthly rent.

Have you somehow inherited into a rent-controlled apartment still paying the same $5 rent from 1800?

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Re:Housing is at the root of many of the rich world’s proble... by distances on Thursday August 18, 2022 @12:48AM (#32505417)
Talking about the total apartment price, not a monthly installment.

Yes most of the city is rent controlled, this is a ten year old rental contract. Rent is about 600€ and apartment I estimate would be 500-600k. Could also be more though, I'm not exactly up to date.

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