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A comment on Ibiza locals living in cars as party island sees rents soar. Parent comment

Re:Ibiza locals living in cars as party island sees rents soar by dzhiurgis on Saturday April 06, 2024 @09:51PM (#39957447)
Also houses depreciate there because you don’t own land.

Equivalent house in Japan is far more expensive than in Australia.

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Re:Ibiza locals living in cars as party island sees rents soar by kalleboo on Saturday April 06, 2024 @10:09PM (#39957544)
You definitely own land in Japan. Even if you buy a condo you own a fraction of the land the building is built on. It's the only thing that doesn't lose value.
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