ᐅ The situation in the real estate market... unbelievable
Created on: 12 Nov 2019 18:29
R
Reinhard84.2
Hello everyone,
We are currently looking for a property in the Lower Rhine region, which is not a particularly sought-after area, but unfortunately, the prices are not any better than in eastern Germany. When calling several real estate agents, they mentioned up to 50 viewings scheduled for one property. This was for a standard semi-detached house with a somewhat larger plot. I get the impression that as soon as a house has a garden bigger than a chicken coop, the interest is incredible.
Of course, the municipalities are not designating any new building land, as that would spoil the surroundings… (to what extent that is still possible is left to their imagination). This naturally has the convenient side effect that existing building plots and older properties are insanely expensive.
You can probably wait half a lifetime for the supposed recession, falling prices, and available properties. It’s all frustrating and a real pity.
Thanks for listening.
We are currently looking for a property in the Lower Rhine region, which is not a particularly sought-after area, but unfortunately, the prices are not any better than in eastern Germany. When calling several real estate agents, they mentioned up to 50 viewings scheduled for one property. This was for a standard semi-detached house with a somewhat larger plot. I get the impression that as soon as a house has a garden bigger than a chicken coop, the interest is incredible.
Of course, the municipalities are not designating any new building land, as that would spoil the surroundings… (to what extent that is still possible is left to their imagination). This naturally has the convenient side effect that existing building plots and older properties are insanely expensive.
You can probably wait half a lifetime for the supposed recession, falling prices, and available properties. It’s all frustrating and a real pity.
Thanks for listening.
N
nordanney20 Nov 2019 12:00Farilo schrieb:
And with less than $6,000 monthly, in my opinion, unfortunately, you don’t really belong to those who can afford a house worth over half a million dollars and live without financial worries.I still don’t understand that. Even if you allocate $2,000 of the $6,000 for the house, you still have $4,000 left every month. What financial worries would that leave you with? Even if only $3,000 remains, worries are unwarranted.By that logic, the average family with a $3,500 household income and $1,000 in rent including utilities would have to put itself on the tracks every week because they are financially ruined. And even these “poor devils” live a carefree, good life. If you are a “worrywart,” this housebuilding forum is the wrong place for you. Because here, it’s these “poor devils” writing—people who want to buy a house or an apartment. What exactly is your fear?
This isn’t about cars but about apartments. In places like Buxtehude or the Hunsrück region, you might be able to negotiate the rent. But in more desirable locations (I assume Hamburg counts as one), you get laughed at and shown the exit, where at least 50 other applicants are already waiting. THAT is the reality!
And sorry, generalizing old contracts with 2-room apartments for 350 euros per month (around $375) in Hamburg is an insult to everyone seriously looking for a place there right now! Or do you think all the reports about planned expropriations, rent increases, and housing shortages are just inventions of the fake news media to stir up public opinion, and in reality everything is just a piece of cake?
And sorry, generalizing old contracts with 2-room apartments for 350 euros per month (around $375) in Hamburg is an insult to everyone seriously looking for a place there right now! Or do you think all the reports about planned expropriations, rent increases, and housing shortages are just inventions of the fake news media to stir up public opinion, and in reality everything is just a piece of cake?
M
Matthew0320 Nov 2019 12:25I agree with @nordanney—if you have a household income of 6,000 and housing costs of 2,000, worrying doesn’t really make sense.
I understand what you mean, @Farilo, but you can still live comfortably with a house, even with a mortgage over 300,000. We chose our monthly payment deliberately so that we can continue to travel as often as possible, eat out whenever we want, and more—none of that is a problem for us. And our income is significantly less than your 6,000.
Renting offers flexibility, which can be a great choice depending on your lifestyle. Others prefer to live in a home they own for many reasons. We didn’t build to just own property. I wanted to be able to walk out onto the patio on a Sunday morning in my underwear with a coffee, without worrying about disturbing the upstairs tenant. Also, rental places rarely have pools.
I understand what you mean, @Farilo, but you can still live comfortably with a house, even with a mortgage over 300,000. We chose our monthly payment deliberately so that we can continue to travel as often as possible, eat out whenever we want, and more—none of that is a problem for us. And our income is significantly less than your 6,000.
Renting offers flexibility, which can be a great choice depending on your lifestyle. Others prefer to live in a home they own for many reasons. We didn’t build to just own property. I wanted to be able to walk out onto the patio on a Sunday morning in my underwear with a coffee, without worrying about disturbing the upstairs tenant. Also, rental places rarely have pools.
@Farilo obviously leads a very intense lifestyle.
With a net income of 6,000 (currency unspecified) you can’t just walk into owning a house... where do you live?
What are you trying to argue here? That renting is the ultimate freedom?
That’s fine if you feel that way, but others feel much freer owning their property.
I would even argue that in today’s situation, it’s better for a good night’s sleep to have a chunk of debt than to stress yourself out over your investment strategy for your assets.
So, everyone to their own. You can live on 6,000 at a campsite and have caviar and champagne for breakfast every day if you want.
With a net income of 6,000 (currency unspecified) you can’t just walk into owning a house... where do you live?
What are you trying to argue here? That renting is the ultimate freedom?
That’s fine if you feel that way, but others feel much freer owning their property.
I would even argue that in today’s situation, it’s better for a good night’s sleep to have a chunk of debt than to stress yourself out over your investment strategy for your assets.
So, everyone to their own. You can live on 6,000 at a campsite and have caviar and champagne for breakfast every day if you want.
N
nordanney20 Nov 2019 12:57To maybe make a case for renting: I personally think renting is great – but only after the age of 60. At that point, after having 2-3 floors, a garden, lots of space, and so on, I don’t want to own property anymore. I’d prefer to live comfortably in a smaller rental apartment (after all, I would have enough money from selling my more or less mortgage-free property), and if anything needs to be done, I just call the landlord or property manager. Then I can spend my money even more freely than before.
We are discussing €6,000 net here. Child benefits on top of that? Less than 10% of all households have this level of income.
Reading through these posts, you wonder how a typical family with a skilled tradesperson and a sales assistant can even manage to get by without starving.
Reading through these posts, you wonder how a typical family with a skilled tradesperson and a sales assistant can even manage to get by without starving.