Hello,
I understand that this is purely speculative.
How do you assess the situation for the coming years? Will there be an economic crisis like in 2008/2009, followed by a decrease in construction costs and many houses (including “newer” ones) being sold?
I’m looking forward to your thoughts.
Best regards,
Michael
I understand that this is purely speculative.
How do you assess the situation for the coming years? Will there be an economic crisis like in 2008/2009, followed by a decrease in construction costs and many houses (including “newer” ones) being sold?
I’m looking forward to your thoughts.
Best regards,
Michael
S
Steffen802 Aug 2019 15:59Farilo schrieb:
Maybe... But you know, everything comes to an end...
However, I would really be happy for the "current buyers" if I am wrong.
Personally, I’m out of the equation anyway, so I have no horse in this race.
And this must not be forgotten: people simply pay for everything!
I recently talked with a friend about his, from my point of view, unnecessary cigarette consumption. I said that he would probably keep smoking even if a pack cost 6 EUR (about 6.60 USD).
Well, his pack already costs over 7 EUR (about 7.70 USD) for 24 cigarettes!
So, based on some more or less in-depth research online, I still think interest rates will rise soon (within the next five years).
However, it wouldn’t shock me if it happens only in 7 to 10 years... Before interest rates rise, the EU will break apart. Either Germany will leave or some freeloaders from the south...
Steffen80 schrieb:
Before interest rates rise, the EU will break apart. Either Germany leaves or some freeloaders from the South do.It’s already happening... You just have to pay attention... Or what do you call it when one of the most important members leaves? Some loss is everywhere?!
Farilo schrieb:
That may be true... But you know, everything comes to an end...
However, I would really be happy for the "buyers now" if I’m wrong.
Personally, I’m out of the equation anyway. So no horse in the race.
And, this simply must not be forgotten, people will pay for anything!
I recently talked with a friend about his, in my opinion, unnecessary cigarette consumption. I said that he would probably keep smoking even if the pack cost 6 EUR (about 6.50 USD).
Well, his pack already costs over 7 EUR (about 7.60 USD) for 24 cigarettes!
So, based on some more or less in-depth online research, I still think interest rates will rise soon (within the next 5 years).
However, I would not be shocked if it happens only in 7 to 10 years... I am not questioning that interest rates will rise; it’s just the time frame of "within the next 5 years" that I doubt.
What happens in 7 or 10 years doesn’t concern me much, probably neither the original poster. With the amounts involved (€380,000 (about $410,000) and up) and current interest rates, no homebuilder is likely to finance only for 10 years—unless they like to take risks. For €250,000 (about $270,000), I think a 10-year term is reasonable.
H
HilfeHilfe2 Aug 2019 18:01A solid financing plan is essential. More likely, tight finances will suffer if the spouse works in a vulnerable industry and cannot find a job or faces a pay cut. Then vacations get canceled, the new iPhone, gym memberships. The wife gets anxious and leaves the husband, and in the end, the property is auctioned off. You would have to live in the same area and have enough equity to place a successful bid. Do I consider such a case realistic? Probably not.
HilfeHilfe schrieb:
The wife becomes anxious, leaves the husband, and in the end, the property is auctioned off. Steffen80 schrieb:
Before interest rates rise, the EU will fall apart. Either Germany will leave or some freeloaders from the south... Not just the EU...
Zaba12 schrieb:
I’m not questioning that interest rates will rise, just the timeframe “within the next 5 years.”
What happens in 7 or 10 years doesn’t concern me, probably not the original poster either. With those amounts (€380k (over $400k) and up) and the current interest rates, no homebuilder will likely finance for only 10 years, unless they like to gamble. For €250k (about $270k), I think a 10-year term is reasonable. What do you expect? That you will experience anything positive in the future?
I think: apart from climate change, heat waves, and other climate shifts, we’re doomed anyway: the economy will collapse, Trump is acting crazy...
soon, we probably won’t even be here.
Everyone can spin it their own way...