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Comment by Barrin92 | Hacker News Reader

>It's impossible to have expensive real estate

no it's very possible because in an aging country people relocate to a handful of cities. 50% of South Korea's population now lives in the Seoul metropolitan area. The real estate that's getting cheaper is the one decaying in the countryside.

It's like saying Russia can't have expensive real estate because the country is big, what matters is where people are actually moving.

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Cities in Australia consistently rank in the top 5 most expensive real estate indices and we ain't short of space here, it's just not many people are interested in living in a dusty Outback desert.

And for many, if the property is not within 10km of the Sydney or Melbourne city centre, it might as well be in the dusty Outback desert.

I'd think Starlink will help change this. Not for living in the actual dusty Outback (which has its own risks/dangers/inconveniences), but for living in many other places in Australia that are lovely and not too far from desirable areas.

Most people want to live where other people live, for reasons ranging from social connections to access to services and infrastructure. I doubt broadband access access plays even a small role.

Yeah, like I said, not talking about the boonies. There are plenty of lovely places that are >10km from those two cities, but which are still close enough to services and infrastructure.

But indeed Moscow is one of the cheapest cities to buy housing in Europe... On par with poorer East European capitals and second-tier Central European cities.

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