I’ve not been to Greece yet. But I know a Greek-American guy who moved there, got married, and lives there part of the year.
I understand that people over there don’t like to (or can’t) take on mortgages. They build onto their houses as they have money. So there are lots of houses in perpetual construction.
The people are not mortgaging the future. But too bad the government took on too much debt.[/quote]
I think there’s a property tax issue as well – it’s not fully taxed till it’s “completed”. So a lot of homes are in various stages of “incomplete”.
