If Californians are finding good values in a city as far-flung as Berlin, you know it’s time to jump on the trend.
Even in the most fashionable corners of the city, like Prenzlauer Berg, home prices are a fraction of what they are in any other major European or U.S. city. Less gentrified neighborhoods of the former East Berlin, especially the student quarter of Friedrichshain, offer still better values. That was the discovery recently made by former San Francisco resident David Ramirez, a fashion designer who grew up in Portland, Ore.
Some useful facts thrown into this story of two Americans who discover the attractions of a slow-growth approach to investing from the San Francisco Chronicle.