Hacker News new | past | comments | ask | show | jobs | submit login

In Australia, homes for the median house are tightly bound to land value. The house on the plot almost doesn't matter. The expectation is that land value will always go up as well. It means you can find used, run down houses selling for the same price as a brand new house next door. It's really strange. The value of housing isn't at all tied to it's usage as a home, but as a vehicle for investment.

Applications are open for YC Summer 2020

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact