House prices in the EU are no longer supported by rents. Given the demographic crisis Europe is heading into, one‘d have to be crazy to invest in residential real estate there. Many properties will become vacant and worthless.
So it looks. But also in America:
Example of crazy regs:
Have a house under construction in both the Austin and Travis County jurisdictions. So both City and County want to review and inspect.
Austin - 12 active permits
Travis Co - 3 active permits
So, 15 permits to build a single home.
And about 40 inspections.
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