A million (Dollars, Euros, etc) is not that much these days, especially in the c... | Hacker News

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chihuahua on Dec 9, 2022 | parent | context | favorite | on: What it's like to live in Monaco

A million (Dollars, Euros, etc) is not that much these days, especially in the context of the real estate prices that the article mentions:

90 Euros per square meter per month - for 100 m^2 (small) that's 9000 Euros/month

70,000 Euros per m^2 to buy - 7 million Euros for a small 100 m^2 condo

It sounds like a person with a net worth of 1 million Euros would be forever unable to buy anything, and spending a small fortune for rent.

HWR_14 on Dec 9, 2022 | [–]

9,000 Euros/month would let you avoid what percentage of taxes you would owe?

dmichulke on Dec 9, 2022 | [–]

That's 1080E/y and sqm so it takes a bit less than 70 years to ammortise?

Sounds off...

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