[https://www.apartments-for-rent-monaco.com/apartments/2-rooms/](https://www.apartments-for-rent-monaco.com/apartments/2-rooms/)
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I checked apartments in Monaco. They’re more expensive than apartments in New York City.
However, they don’t look nearly as good. You’ll find a much better and newer apartments in Boston or Philadelphia for a lower price.
I’m curious what makes rental fees so high in Monaco. They remind me of buildings in Singapore or Hong Kong.
6 comments
No income tax, highly gentrified country and limited amount of spaces
>what makes rental fees so high in Monaco.
imbalance between demand and supply.
After your earnings surpass a certain threshold, it stops being expensive and becomes profitable instead.
> You’ll find a much better and newer apartments in Boston or Philadelphia for a lower price.
Probably, but the downside is that you will have to live in a third world country.
Well if it reminds you of Singapore and Hong Kong, what do they have in common? That’s right, there are very, very small countries.
There’s a lot of demand from wealthy people who want to live tax free. It’s a supply and demand issue combined with extreme wealth.