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Joined 1 year ago
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Cake day: July 7th, 2023

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  • This is one of the reason why I think the price of property should be regulated somehow by the government. The cost/ tax of a second house should be exponentially higher to discourage people doing this, so that a renting a second house should be a financial catastrophe. Capitalism, free market does not work, especially for basic human needs (food, shelter, health, energy, and if I may say education).

    I myself bought my house 2 years ago, and the price was already ridiculous. Let’s say I paid almost 100k€ more than the estimated worth of the house (cause of market price). I’m pretty sure the price will collapse after some time. The price can increase 30-40 percent in 3-5 years. It’s crazy. The money invested here is much higher than I did when I was renting an apartment tho.