Analytic Vision

If You Think Too Well, Don’t Think Too Much!

Posted by Ştefan Alexandrescu on 12/05/2010

According to imobiliare.net, a 2 rooms appartment can be bought in Cluj-Napoca with 22.000 euros, in Hunedoara with 12.000 euros. A studio (garsoniera) can be bougth with 6000 euros in Iasi and with 10.000 euros in Piatra Neamt. Hell, someone could make this money picking up strawberries in Spain 4-5 months…

I told my friend who got married [en, blog] about this and he said:

– But can I movewith a family in small studio?, and I replied:

– What you buy is not to live there, but to rent it to other people

– Yes, but the rents will also drop

– For the moment, yes, but think there will be a lot of people, which considering they can’t apply for bankruptcy [ro, blog], will need a place to stay being thrown away from their own homes. You buy today for tomorrow’s market.

– The justification behind buying a place to stay was being given by the fact that through renting a place you’ve bought you’d recover your investment in about 17-18 years. Now, that figure has came more closely to 6-7 years. Do you keep on thinking to buy a place to stay in? Think again.

For further information on real estate market, I recommend you read this, this and this about how to negotiate with real-estate agents [ro, php] , this [en, html] for a global view. And just to give you a hint about what you can buy, let’s say, in Slovakia (where there are the lowest expenses attached to buying a property in Europe), for 20.000 euros, take  a look here [en,html]. This [en, php]is what you can buy for 36.000 euros. By the way, it took me about 10 minutes of searching to find it. Imagine what you could find in a few hours!

PS: Thank Heather [en, blog] for the title.

Later edit: That friend of mine kinda wasted half of the cost of that studio in a year and is now living with his wife, together with his parents. This is the way Romanian people think. I know, it doesnt’ make any sense.

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7 Responses to “If You Think Too Well, Don’t Think Too Much!”

  1. Dru said

    Nope nope nope. A 2room apart is not by far 22K in Cluj.Might be near Cluj, outside the city in the nearest village and that price would apply to a 1 room apartment. The actual price of a 2 room apartment in Cluj, which would have like..let’s say about 45 meters (quite close to a 1 room apart) is arround 50K.

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  2. […] have mentioned about Dan in my blogs here [ro, blog] and here [en, […]

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  3. […] If You Think Too Well, Don’t Think Too Much! […]

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  4. […] If You Think Too Well, Don’t Think Too Much! […]

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  5. […] If You Think Too Well, Don’t Think Too Much! (12 mai 2010) […]

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  6. […] a articolului „If You Think Too Well, Don’t Think Too Much!” de Ştefan Alexandrescu, publicat iniţial pe Analytic Vision la 12 mai 2010. Copyright © […]

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