Property Prices in Oslo, Norway
He bought an appartment in Tøyen, the article says.
Wikipedia:
“Tøyen is a residential area in the central parts of Oslo, Norway.”
“It is noted for its high concentration of immigrants. The multicultural atmosphere makes Tøyen very trendy and popular with continually rising cost of housing.”
“In 2012 Tøyen is known for its considerable social problems. One out of three children lives beneath poverty level. The school district counts less than 300 pupils, while the area has more than 1,000 council flats. 60% of the locals inhabit flats with only one or two rooms.”
So, at 35,000.00 kr (less than $ 6k ) a Meter, he got a 28.5 Square Meter apartment in Tøyen for a fifth of his Bitcøin wealth.
“When the capital’s working class settled here in the late 1800eds, their lives were troubled by poverty, miserable housing conditions and alcohol. To some extent this is still the case. While flats at the fringes of Tøyen have been nicely upgraded in later years, the council flats around the centre are the first stop for newly arrived refugees. Traumatized families with several children are housed together with criminals released from jail, while drug addicts and the mentally ill are supposed to get by on their own after lengthy stays in institutions.”
Sounds bad. But I’d live there with a small living room and bedroom and call it nice. It’s downtown Oslo.
Given what I know of this guys investment history and blind luck, Oslo will get Olympia in 2022 just when he tires of living there because it will have become too trendy and upscale. And he will be completely surprised how much money somebody will pay him for his apartment that cost him an initial investment of five and a half bucks.
