> to buy a similar would be roughly 1000 times the monthly rent. Have you someho... | Hacker News

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		jjav on Aug 18, 2022 \| parent \| context \| favorite \| on: Housing is at the root of many of the rich world’s... > to buy a similar would be roughly 1000 times the monthly rent. Have you somehow inherited into a rent-controlled apartment still paying the same $5 rent from 1800?

distances on Aug 18, 2022 [–]

Talking about the total apartment price, not a monthly installment.

Yes most of the city is rent controlled, this is a ten year old rental contract. Rent is about 600€ and apartment I estimate would be 500-600k. Could also be more though, I'm not exactly up to date.

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