Your great grandfather lived in a place worse than the house I showed you. Batam in Indonesia is a pretty nice place. Been there, liked it quite a lot.
It’s not really housing material that is expensive. It’s labour, taxes and the land to build on.
The building land in my and my brother’s portfolio is valued at 400k euros. Just a piece of land. Good investment right? Belgium’s economy could have gone to utter shit the past few decades and it would be a worthless piece of land.
Can you force us to sell it? Perhaps. It’s used as a garden.
Imagine we put an apartment on it and have economic immigrants rent in it. Then randomly these economic immigrants would own the place?
Well, aight. Then I go to Switzerland and go rent a place and own it as well. I don’t think it will work out well. Basically it would halt globalisation and migration would no longer be viable.
Which sucks, because nobody here wants to have kids anymore.
You’re saying extremist things so you need to think them through.
Aight. Renting is outlawed. You can’t speculate on building land anymore. What happens now?
Developments halt because these people have a lower amount of capital. Lower amount of capital means lower economies of scale. Lower quality buildings. Worse for energy usage. Bad usage of space.
Your great grandfather lived in a place worse than the house I showed you. Batam in Indonesia is a pretty nice place. Been there, liked it quite a lot.
It’s not really housing material that is expensive. It’s labour, taxes and the land to build on.
The building land in my and my brother’s portfolio is valued at 400k euros. Just a piece of land. Good investment right? Belgium’s economy could have gone to utter shit the past few decades and it would be a worthless piece of land.
Can you force us to sell it? Perhaps. It’s used as a garden.
Imagine we put an apartment on it and have economic immigrants rent in it. Then randomly these economic immigrants would own the place?
Well, aight. Then I go to Switzerland and go rent a place and own it as well. I don’t think it will work out well. Basically it would halt globalisation and migration would no longer be viable.
Which sucks, because nobody here wants to have kids anymore.
You’re saying extremist things so you need to think them through.
Aight. Renting is outlawed. You can’t speculate on building land anymore. What happens now?
Developments halt because these people have a lower amount of capital. Lower amount of capital means lower economies of scale. Lower quality buildings. Worse for energy usage. Bad usage of space.