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.
guckuck2 schrieb:
This is your reality. Not mine.
And when I look around, neither is it the neighbors’ reality.
These are people around their forties with small children and a dog, 1.5 incomes in office jobs, all houses are over 600,000 (600k). You see plenty of Dacia, Opel, Renault here. DINKYs sometimes have a BMW 1 Series or 3 Series. But that’s about it.
The expensive cars you mostly see here are at buildings worth over 1 million (1 Mio.), where mostly self-employed people live. If you’re being ignorant, you might argue that the mortgage is so high that there’s no money left for a decent car. I don’t see it that way. I drive an old car myself. Although it’s a truck, it’s old.
However, you might be right… Because wherever I look in my area, people drive VW, Mercedes, BMW, Audi, occasionally an older family van or Renault, Opel, etc., and endless SUVs. But I’ve really rarely seen a Dacia around here.
But my area is not just people around their forties with small children and dogs; it includes people of all age groups. It’s simply not a (still) sterile new development area, but an already well-established neighborhood. Most residents here have lived here for generations. Plots of land are rarely sold on the open market.
Well, to get to work I need to be mobile. So I skip the season ticket and just drive. That means instead of 12 meters (7.5 miles) one way, it’s 42 meters (26 miles).
These are costs that occur inevitably if I want to keep living here and keep the same job.
So the argument that if you drive a car you don’t need a season ticket can be dismissed right away.
These are costs that occur inevitably if I want to keep living here and keep the same job.
So the argument that if you drive a car you don’t need a season ticket can be dismissed right away.
A reasonable car. What does that even mean?
For some, myself included, it primarily means an affordable one.
By the way, I declined a company car and instead opted for a higher gross salary. I don’t need a brand-new car, whether leased, financed by loan, or through salary sacrifice.
It’s a matter of priorities. Some people might have bitten off more than they can chew, that’s possible. But many in my circle couldn’t care less about cars.
For example, when I visit relatives in Stuttgart, it’s a completely different scene. There, it seems like every secretary is driving at least an A-Class with leather seats and other fancy extras. Different mentality? No idea.
Depreciation 100
Tax 10
Insurance 25 (comprehensive + partial coverage)
Fuel 50
Maintenance / repairs 30
Okay, that’s €215 (about $230) per vehicle.
An advantage of older cars is that insurance is cheaper. I don’t need full coverage; I can always buy two new ones with cash if needed.
For some, myself included, it primarily means an affordable one.
By the way, I declined a company car and instead opted for a higher gross salary. I don’t need a brand-new car, whether leased, financed by loan, or through salary sacrifice.
It’s a matter of priorities. Some people might have bitten off more than they can chew, that’s possible. But many in my circle couldn’t care less about cars.
For example, when I visit relatives in Stuttgart, it’s a completely different scene. There, it seems like every secretary is driving at least an A-Class with leather seats and other fancy extras. Different mentality? No idea.
Depreciation 100
Tax 10
Insurance 25 (comprehensive + partial coverage)
Fuel 50
Maintenance / repairs 30
Okay, that’s €215 (about $230) per vehicle.
An advantage of older cars is that insurance is cheaper. I don’t need full coverage; I can always buy two new ones with cash if needed.
That’s ridiculous. You could just eat canned fish and save money.
Anyone who owns a nice home also drives a reasonable car and occasionally eats out. Sure, a two-week vacation can cost 300 euros per person or 3000 euros per person.
The range is huge—what exactly are we talking about here?
As an average car, I would consider a 2-year-old Skoda Octavia. Its costs are different from what was described above, as depreciation alone easily amounts to 200-300 euros per month.
Anyone who owns a nice home also drives a reasonable car and occasionally eats out. Sure, a two-week vacation can cost 300 euros per person or 3000 euros per person.
The range is huge—what exactly are we talking about here?
As an average car, I would consider a 2-year-old Skoda Octavia. Its costs are different from what was described above, as depreciation alone easily amounts to 200-300 euros per month.
S
saralina8720 Nov 2019 17:40Farilo schrieb:
At the end of the day, the tenant can move out without any problems. It’s not a big deal since there is a 3-month notice period. I consider that a myth.
At least in many regions.