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1-Euro Houses

1eurohouses.com

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Re: 1-Euro Houses

#121

Post by geff82 »

luckylion wrote: post #88
corty wrote: post #54

Earlier quoted context omitted.

In Germany thats what income tax is for. The municipality receives the money and funds local infrastructure from it. I think the rest of Europe is at least similar in this regard. One can argue about which system is better, but taxing elderly people out of their homes would never fly politically over here.

> In Germany thats what income tax is for. No. The main funding for local communities are property tax ("Grundsteuer") and business tax ("Gewerbesteuer"), income tax share only accounts for about a third. The height of both are also set on the local level the community has a very direct way to change the available money.

And Grundsteuer is quite cheap compared to property taxes in North America.

Re: 1-Euro Houses

#122

Post by kockic »

pedrocr wrote: post #46
znpy wrote: post #37

Earlier quoted context omitted.

It really depends on the price. At 150k€ they're not worth buying, at 1€ plus taxes, deposits and various renovation works... Maybe. One might get a nice vacation house for cheap. One of such houses (not those shown in the video) was actually near the places where I grew up. Such place is nowadays decently connected (still sub-optimal, but decent). If somebody was forward-looking enough could have bought property for…

How would you ever get 1Gb/s over a copper last mile?

Maybe starlink?

Re: 1-Euro Houses

#123

Post by PaulDavisThe1st »

barnesto wrote: post #117
benrbray wrote: post #95

Earlier quoted context omitted.

> no one was buying but no one was renting either. As someone who was in eighth grade at the time, can you clarify what you mean by this? Every person either 1) buys property, 2) rents property, 3) goes homeless, or 4) dies. There aren't really any other choices.

Millions of people live in a van (#vanlife) or RV. You can work from anywhere and when the sights get boring you drive to the next place.

It can be pretty awesome.

For a while.

For a lifetime? I think not.

ps. I've done 9 months/6 months/3 months in my van with my wife. We love it, but it's not a home, it's a journey.

Re: 1-Euro Houses

#125

Post by alkonaut »

bryanlarsen wrote: post #60
throwaway0a5e wrote: post #23

If after a decade of reading about $500 houses in Detroit people haven't figured out what "cost of compliance" means then they probably never will at this point. When you read the words "$ house" the words you should read in your mind are "dilapidated building in a municipality with crazy back-tax scheme that would make the California RMV proud and probably also regulatory capture by relevant trade(s) that inflates t…

Or maybe "$ house" just means somewhere no one wants to live. You can get a reasonable house in rural Saskatchewan without any fine print for under USD$20K. https://www.point2homes.com/CA/Cheap-Homes-For-Sale/SK.html?...

Yeah I mean for $1 I expect a shed without running water but I expect most of the cheapness to be due to high fixed costs and low demand, e.g. because of a non-existent job market.

Now that tons of people with good tech jobs can work from almost anywhere, I expect some of these remote locations to become quite poopular. I wouldn't mind spending summers in a shed in a remote part of Italy, for example.

Re: 1-Euro Houses

#126

Post by alkonaut »

berdon wrote: post #77

This isn't really a 1 Euro house: - Envisage a restructuring and re-evaluation project within 365 days of purchase. - Support notarial fees for registration and volture. - Once all permits are granted, works must start within a maximum of 2 months. - To guarantee the faireness of the purchase by the buyer, the municipality asks to enter into a surety policy of 5 thousand euros lasting for three years that is then ref…

So it's about the same as buying a plot of land (where you usally need to build something within a period of time). €1 for a plot of land isn't terrible either.

There used to be seaside plots for €1 in northern Sweden, with the caveat that you need to live there permanently for 5 years.

Re: 1-Euro Houses

#127

Post by pedrocr »

znpy wrote: post #111
pedrocr wrote: post #46

Earlier quoted context omitted.

How would you ever get 1Gb/s over a copper last mile?

You don't of course, because you mostly can't. Yeah there might be some kind of technology to push the speed to that limit, but I don't expect to see speed pushed in the kind of areas where houses are sold basically at loss for 1€. So, long story short: that's the advertised speed.

Advertised speed usually means it's technically possible, even if it doesn't happen in practice. It seems there is indeed 1Gb/s VSDL technology but at least Wikipedia doesn't list any such deployment in Italy. But even 100Mb/s is good enough connectivity in my experience with fiber and apparently that's common for FTTC deployments.

Re: 1-Euro Houses

#129

Post by swimfar »

onion2k wrote: post #79
bryanlarsen wrote: post #57

Earlier quoted context omitted.

Or you could just wait. A lot of people have been surprised that the housing market hasn't crashed. Two of the theories are: 1: supply is more elastic than demand. In other words, more sellers took potential listings off the market than buyers stopped looking. 2: governments printing money inflated investor assets like stocks and real estate. If these are true, a backlog of listings from could flood the market next y…

Over the past 30 years buy-to-let has fundamentally changed the housing market to the point where I honestly don't believe there'll ever be a housing market crash again. Rich people will buy up all the available housing stock to rent out (or to AirBnB) if there's a small price drop. That will stop there ever being a big price drop. Barring a sea change in housing policy that enables massive amounts of new houses to b…

"housing policy that enables massive amounts of new houses to be built"

I think you mean "new homes". I don't think there's anywhere in the US with a housing crisis is due to new houses not being allowed. It's usually due to the difficulty in tearing down houses (and low-density apartments) and building higher density apartments. This may seem pedantic, but in these discussions the distinction is important. In almost every housing-related thread on HN, I see people using them interchangeably, in ways that are confusing.

Re: 1-Euro Houses

#130

Post by JKCalhoun »

david927 wrote: post #90
onion2k wrote: post #79

Earlier quoted context omitted.

Over the past 30 years buy-to-let has fundamentally changed the housing market to the point where I honestly don't believe there'll ever be a housing market crash again. Rich people will buy up all the available housing stock to rent out (or to AirBnB) if there's a small price drop. That will stop there ever being a big price drop. Barring a sea change in housing policy that enables massive amounts of new houses to b…

My feeling is that the pandemic and impending economic collapse will change that. Remember when the 2008 crisis hit, no one was buying but no one was renting either. And a lot of banks with real estate on their books just let it sit there (where it sits today). Once a the credit default domino chain starts to fall, people and organization will need to get liquid. The first stage will see some people jump in on pent-u…

If banks let real estate sit on their books, why did the real estate market crash? I remember seeing whole neighborhoods of new homes in Las Vegas going for $100K just to move them.
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