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Comment by simosx | Hacker News Reader

Some examples of inheritance would be either old houses at the village or small olive groves.

Many old houses at the village are derelict and the small olive groves have little financial value. The olive groves are generally small because they have been divided among the children through the generations. If an olive grove is not tended for 5-10 years, it becomes unusable and costly to fix.

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> Many old houses at the village are derelict

Ooh, damn, that might require some time investment and manual labour! What is this, the 20th century? Dump this rotten crap!

> If an olive grove is not tended for 5-10 years, it becomes unusable and costly to fix.

Ooh, damn, that might require some time investment and manual labour! What is this, the 20th century? Get outta town.. ;D

It also requires capital, which is hard to get in Greece. Who is going to lend them money for the repairs?

Olive oil has relatively good price and is very easily exportable. An olive grove is a profitable investment, unlike a house/flat.

Also olive trees are very easy to cultivate, very durable and last for centuries! disagree strongly on this.

So overvalued property in the current economic context combined with unprecedented (for Greece) property taxes is making home ownership a burden? Plus the maintenance costs wipe out what remains of the value.

I think that the cases that the inheritance has been rejected is for property that is of little value. The article is doing a disservice when it does not break down what inheritances they are talking about.

Home ownership in Greece is quite sacred (around 70% own a home) and the current government is even avoiding forced evictions for those that do not pay their home loans.

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