In reading some threads as of late, and talking to people here in Canada (especially in Winnipeg where houses are cheap), it strikes me how much people buy into the concept of owning real estate through your personal residence as THE way to make money and build equity. Now I get that Taiwan has low…

[image] hansioux: and noticed that homelessness is a huge issue in Germany now. Perhaps it’s a result of taking in more refugees, I’m not sure. There are more unhoused people globally today than at any point in recorded human history. Mostly because globally, landownership has become all abou…

Yet countries keep passing laws to make migration illegal unless you’re rich.

[image] nz: Can’t blame this on refugees. I am all for countries taking in refugees, I’m just talking about the logistics of the situation. Like, if the Japanese weren’t deported by force and 1.1 million Chinese refugees got to Taiwan in 1949, it might take a while to house all of them. In …

Taiwan today, like most places (including/especially Berlin specifically, since Germany was brought up), has housing available. But it’s being hoarded by rich people who also don’t pay taxes and will happily rent it out for a price that no renter can afford. This means the government doesn’t have th…

[image] Taiwan_Luthiers: Looks like shit, but I bet you can spend a little bit to make it better. Nope, that place is truly a grotty shithole. No amount of ikea furniture is going to improve it. Certain gong yu’s can be worked with to an extent, if the place is relatively clean and empty. Wit…

[image] RickRooney: Honestly i’ve been searching on 591 for the last several days and i am just sick of the sight of Taiwanese houses. The only good options are danshui or pay more. Yeah, that’s the exact bloody miserable process I’ve gone through every March for the last three or four years …

[image] nz: he grandchildren, being few in numbers, will eventually try to dump the properties on the market. The problem of multiple heirs and interests is one of the things that makes the real estate market less liquid. It’s especially fun when some have moved overseas and are estranged fro…

[image] RickRooney: Honestly i’ve been searching on 591 for the last several days and i am just sick of the sight of Taiwanese houses. The only good options are danshui or pay more. Of course central Taipei and the immediate surrounding areas are more expensive. It’s a big city by anyone’s st…

Taipei and its immediate surrounding areas are basically pretty far out at this point. I think this is the biggest difference between years past. You are trying to say Taipei is cheap to rent for its value but i disagree. The actual value of these houses is super low, they are horrible. Not a small…

The value of real estate isn’t in what it’s made of, it’s the location. A run down shack rents for 30,000 because it’s 100 meters from Taipei 101. There are mansion looking houses in rural West Virginia, costing only 100,000 US. It’s that value because of location.

The cult of real estate ownership

Business Money

Andrew May 7, 2024, 8:04am 895

Yeah, that’s the exact bloody miserable process I’ve gone through every March for the last three or four years lol.