Yes, you’re looking at ~92% tax right there. Final price jumped from ~113 dollars (584BRL) to ~220 dollars.
EDIT: A bit of clarification, when buying from abroad there’s a flat 60% federal tax if the thing + shipping price surpasses 50 dollars. Then there’s a state tax that can vary between 17-25%, which goes on top of the total taxed value. Part of the tax is literally “tax of a tax”
The landlords are providing a service to those who can’t afford houses, and the tenants, through economic calculation, determine that it’s better to pay for a department rather that saving for a house.
In fact, deficit spending, printing fiat money and manipulating interest rates harm savings and relative prices.
“If there seems to be a shortage of supply to meet an evident demand, then look to government as the cause of the problem.”
The landlords are the reason people can’t afford houses. Housing should not be a market. Otherwise people make housing into commodity and thus oppose new developments. This kind of Nimbyism is why we can actually afford to house people but can’t.
Government is not some vague boogeyman that does work in vacuum. Lobbying has ruined any semblance of regulation. Landowners have a conflict of interest in the goal of housing everyone.