€259,000 for an apartment you can barely stand in
A €259,000 apartment in Madrid so tiny it looks like the seven dwarfs' cottage. Social media compares it to a storage closet and even AI can't believe it.
English · Original discussion in Spanish · Published
€259,000 for a shoebox: when the Spanish property market outdoes AI
This week, a listing for an apartment for sale in Madrid had people laughing, as one user put it, all the way to Mars. The price: €259,000. The problem: it's so small that someone offered €40,000 for it as a storage unit. The post, which satirizes the tiny space by comparing it to the seven dwarfs' cottage, has sparked a wave of irony.
Not even the most creative AI could have generated such a grotesque description: an apartment where, for seven people to enter, "their shadows had to leave first." The depth of the closets has become a running joke.
The figure is no anecdote: €259,000 for a space barely big enough for a storage closet reflects the disconnect between prices and reality in the Spanish housing market. While AI works hard at calculating fair prices, the real market produces absurdities no algorithm foresaw.
The question nobody answers is: who pays for this? But as long as the market stays unhinged, reality will keep outdoing AI.
This week, a listing for an apartment for sale in Madrid had people laughing, as one user put it, all the way to Mars. The price: €259,000. The problem: it's so small that someone offered €40,000 for it as a storage unit. The post, which satirizes the tiny space by comparing it to the seven dwarfs' cottage, has sparked a wave of irony.
Not even the most creative AI could have generated such a grotesque description: an apartment where, for seven people to enter, "their shadows had to leave first." The depth of the closets has become a running joke.
The figure is no anecdote: €259,000 for a space barely big enough for a storage closet reflects the disconnect between prices and reality in the Spanish housing market. While AI works hard at calculating fair prices, the real market produces absurdities no algorithm foresaw.
The question nobody answers is: who pays for this? But as long as the market stays unhinged, reality will keep outdoing AI.
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (59 replies).
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