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1-Euro Houses

1eurohouses.com

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Re: 1-Euro Houses

#71

Post by def_true_false »

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?

The last mile in FTTC is more like the last few meters.

Re: 1-Euro Houses

#72

Post by MagnumOpus »

zelos wrote: post #44
ido wrote: post #24

Earlier quoted context omitted.

Heck, there are a lot of properties in Germany (where there are actually jobs) that would require less than €200k. People here say these are remote but that is really mostly just how "spoiled" (in quotes because I'm "spoiled" that way too!) Germans are with commute. You can be 1 hour drive away (including traffic) from many fairly central places in Berlin & have very cheap housing outside the city (partially this is…

> within reasonable 1 hour drive from central London is cheap 1hr drive from central London is probably still in central London, though ;-) 1hr train from London gets you to areas where a reasonable 3 bed semi is ~£300k I guess.

You'd be surprised. 1hr commute from London in reality is 40 minutes on the train (10 minutes walk either side, even getting out of a major train station takes that long). And 40 minutes ride from central London is Sevenoaks, Reading, St. Albans, and zone 6 commuter towns like Amersham or Borehamwood -- your 3-bed semi will still cost you half a million pounds if not much more. (Thanks to the NIMBY policy that designated dozens square miles of farms inside the M25 as "green belt" and dozens more as private golf courses...)

Re: 1-Euro Houses

#73

Post by pedrocr »

def_true_false wrote: post #71
pedrocr wrote: post #46

Earlier quoted context omitted.

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

The last mile in FTTC is more like the last few meters.

Sure, but VSDL will still top out at 300/100 Mb/s even over short distances:

https://en.wikipedia.org/wiki/VDSL

But apparently there is indeed a new standard for Gbit DSL up to 100m:

https://en.wikipedia.org/wiki/G.fast

Re: 1-Euro Houses

#74

Post by ChuckNorris89 »

ido wrote: post #64
ChuckNorris89 wrote: post #33

Earlier quoted context omitted.

>Heck, there are a lot of properties in Germany (where there are actually jobs) that would require less than €200k Do you have any examples? I could never find anything larger than a matchbox in a village for under $200k in Germany. Anything decent I found in the outskirts of any big city was over 500k.

The first thing is to look in places without good transit as germans (reasonably!) prefer those. The moment it requires owning a car anything outside Berlin (so in Brandenburg) will be affordable. Here's a quick search for houses under €100k with at least 100m^2 and 3 rooms (2BR) in Brandenburg: https://www.immobilienscout24.de/Suche/de/brandenburg/guenst... It returns 83 results & while not all of them are within 1…

No offense, but those places are cheap because nobody wants to live there and for good reason. It looks much worse than Eastern Europe.

Nobody in their right mind would want their kids growing up there.

In family friendly places with jobs the properties are far from cheap.

Re: 1-Euro Houses

#75

Post by ido »

ChuckNorris89 wrote: post #74
ido wrote: post #64

Earlier quoted context omitted.

The first thing is to look in places without good transit as germans (reasonably!) prefer those. The moment it requires owning a car anything outside Berlin (so in Brandenburg) will be affordable. Here's a quick search for houses under €100k with at least 100m^2 and 3 rooms (2BR) in Brandenburg: https://www.immobilienscout24.de/Suche/de/brandenburg/guenst... It returns 83 results & while not all of them are within 1…

No offense, but those places are cheap because nobody wants to live there and for good reason. It looks much worse than Eastern Europe. Nobody in their right mind would want their kids growing up there. In family friendly places with jobs the properties are far from cheap.

That's why I don't live there! But the topic we're attached to is "1-Euro Houses" and that's exactly the kind of places you'd find these in Italy or Spain as well - depressed rural/small-towns with no jobs and where all the young people moved to the cities.

Also not sure what counts as looking bad to you, a lot of these villages or small cities are actually quite nice looking (we often go to such places for a day trip) & if I was single/childless and wanted to live a quiet life without much disturbance I'd definitely check them out. They are mostly just not in easy commuting distance to jobs.

In fact some of the places in Berlin with the highest rents (like Kreuzberg) are often a lot uglier than sleepy Brandenburg villages & small towns.

Re: 1-Euro Houses

#76

Post by blargmaster33 »

stevoo wrote: post #43
ArkVark wrote: post #10

Earlier quoted context omitted.

This is the problem with a lack of land and property taxation. Elderly people will hold onto assets forever, until death essentially, whilst the building and society collapses around them. Meanwhile they demand a huge amount of welfare and healthcare services without paying into the system. At least the land tax system in the USA encourages downsizing and efficient allocation of this resource.

And what would you'r solution be? Take from them the houses they worked their whole lives to acquire and put them in elderly homes? They have paid their share to society by providing the taxes for 65+ years that they have worked and brought us where we are today. Those homes are not vanished from the market. They will be inherited by their children and so on. Land taxation is by my opinion inherently bad for that spe…

Sweden Used to do that

Re: 1-Euro Houses

#77

Post by berdon »

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 refunded.

Re: 1-Euro Houses

#78

Post by hadlock »

nottorp wrote: post #6
Raed667 wrote: post #2

This video [0] "The Truth Behind Italy's $1 Homes" by Business Insider, explains the concept, the motivation behind it and how these houses will cost you way more than 1$ in fees and restoration efforts. [0] https://www.youtube.com/watch?v=nP2vtDLTAgM

Transcript? Rather not watch a talking head.

If you click the ellipsis (...) above the subscribe button there's an option to "open transcript" which pops up in the top right corner. You can copy-paste the whole thing into notepad or whatever.

Re: 1-Euro Houses

#79

Post by onion2k »

bryanlarsen wrote: post #57
iagovar wrote: post #5

Im +30 in Spain and I thought the demographic winter would land some great opportunities to buy a home. But looking into some deserted municipalities everything keeps being expensive, despite the extremely low demand (and I know this because I scrape the listings and track em). If I want to buy a shitty house that needs restoration I'm investing over 200k. Not to mention that the land registry holds values way above…

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 be built, I would make a significant wager that in 50 years time about 75% of people will rent their home all their life.

Re: 1-Euro Houses

#80

Post by kube-system »

theandrewbailey wrote: post #36
ArkVark wrote: post #10

Earlier quoted context omitted.

This is the problem with a lack of land and property taxation. Elderly people will hold onto assets forever, until death essentially, whilst the building and society collapses around them. Meanwhile they demand a huge amount of welfare and healthcare services without paying into the system. At least the land tax system in the USA encourages downsizing and efficient allocation of this resource.

Most of the USA doesn't have a land tax. Instead, there is a property tax, which is determined by what's sitting on the land.

This not true. US property taxes nearly all tax both the land and any improvements (i.e. permanent structures) that sit on it.

My property in the US is taxed by: ( [assessed value of the land] + [assessed value of the building(s)] ) * [tax rate] = [total tax]

https://en.wikipedia.org/wiki/Property_tax_in_the_United_Sta...

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