Posted on 05/18/2023 11:39:30 AM PDT by River Hawk
America might still be a military and economic superpower. The dollar might be the world’s most powerful currency (and we think it’s likely to remain so). America is still a country with high salaries, and coming to America is still a decent way to make a fortune, if one has the right skills and the right connections.
And yet, for the average person on the ground, America is no longer really a First World country in the sense of being a country where a high-quality way of life can be had for an affordable price. For young people, the “American dream” feels more and more like the “American scam” — an overpriced, subpar version of the old product. The median U.S. home price is more than $360,000, but in America’s “top” cities it can be two or even three times that. And what do Americans enjoy in return? Tent cities in parks and, increasingly, on subway trains.
This sad reality can be shown through a brief tour around the world.
(Excerpt) Read more at revolver.news ...
The article left out my personal choice(Italy). Where you can purchase move in ready apartments for under $100K(US).
A friend of mine just purchased a small house in Tuscany. It is about 45 minutes north of Florence. The asking price was EU 250K. It is an older house that has been totally redone.
There are also hundreds of houses/apartments all over the southern half of Italy that can be purchased for under EU 25K.
Many need to be totally rebuilt.
The thing you will notice though about Italy is the farther you go south, the more you notice bars on the windows. Those bars are there for a reason. Italy has 10% unemployment. 30% unemployment for young people. Most of the good jobs are in the northern part of the country.
Sounds interesting.
The legacy of Obama. I never saw any of this until Obama got in office and the wave of democrats in the cities and states.
Italy, Portugal, Japan, China and South Korea all have major demographic problems. Their populations are all getting too old on average. Therefore, there are not enough people to buy all the houses that are available.
In Japan there are thousands of empty houses. They are literally just tearing them down. The thing about Japanese culture is that they do not want to live in a house that was owned/lived in by another family. Bad spirits or something like that.
The article lost me at Turkey:
Granted, you’ll have to hear muezzins blast the call to prayer five times a day, but besides that there is very little to dislike. With 2.6 murders per 100,000 people, the former Constantinople isn’t just safer than Chicago or Memphis or Detroit — it’s safer than safe American cities like New York or San Jose.
New York is a “safe American city”? WHAT?
Along those lines, I’ve read that nowadays in Japan they just plan on having a house last about 30 years or so, then they are just destroyed. That fits in with what you’re saying.
Well, I think the writer means comparatively speaking to cities such as Baltimore and Detroit.
Saw a FB Reel the other day.
Tucker Carlson does a segment on Blackrock
Blackrock invests heavily in Fox
Fox then fires Carlson
According to guy who did the reel, the segment is not archived on the Fox website.
Who knows? Maybe Reason doesn’t want to get cancelled by Blackrock
Same, looking forward to visiting the area soon.
San Jose is by no means safe anymore either. The oakland gang tribes are filtering down south and turning sj into little oakland.
IF you do not want to go through the rebuilding a house you could just buy an apartment like this:
https://www.idealista.it/en/immobile/25447945/
Roughly $347K for an 1800 square foot apartment, 3 bd rm, 2 BA, right on the Med Sea. Third floor with a roof deck.
That’s a beautiful villa on a beautiful piece of land. It would cost over a million dollars on a beach in Ct. It would cost that much even though the ocean water around CT sucks.
A 3rd floor walk up. No thanks.
Yes, no elevator. That is just an example of what is available all along the coast of Italy. There are hundred’s of thousands of houses for sale in Italy now. Even estates in the middle of Tuscany that are a third of the price of here in the USA.
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