ᐅ The situation in the real estate market... unbelievable
Created on: 12 Nov 2019 18:29
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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 18:05Farilo schrieb:
I have no idea how you could come to think that an average family couldn’t afford an inexpensive rental apartment. Because that is what comes out of adjusting my calculation! I compared the owner with a tenant and used an average rent—that is, a significantly lower housing value than the comparable house. If I were to take the rent from, for example, Düsseldorf, where new builds cost around €15 per square meter or existing buildings €10–12 per square meter, the financial burden for the tenant is the same as for the owner. And the owner is basically living hand to mouth.
Your words. My calculation using your figures.
guckuck2 schrieb:
Bookstar, free yourself from your constraints. Then your world might not feel so narrow anymore.Constraints? I don't care how you live. But you are participating in a discussion based on the average home equity and homebuyers. And your carrot with 15 years on its back is simply not an average car, at least not in Germany.
Bookstar schrieb:
Those who own a nice home also drive a sensible car In my experience, this is not the case. I usually travel through Rhineland-Palatinate, Hesse, and North Rhine-Westphalia (across all municipality sizes, from very small villages up to medium-sized towns), and I didn’t invent the worn-out Mondeo estate parked behind the woodgrain sectional double garage door that I often refer to—it’s more of an ongoing joke I’ve seen frequently.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
Bookstar schrieb:
Restrictions? I don’t care how you live.So far, that’s not very apparent. More like “it won’t work,” “not reasonable,” or “if you have a house, you have decent cars.” That’s a lot of “have to,” and I would call that (social?) pressure.
Bookstar schrieb:
But you’re taking part in a discussion that is based on the average equity and homebuyerNot really. I replied to Farilo’s post, where he presented a sample household budget. It assumed a typical homebuilder earning 4,000 to 6,000 euros net per month, with 1,000 euros or up to 25% going toward vehicles. Yes, if you base your assumptions on that, the budget looks tight to impossible. Someone earning 4,000 euros and spending 1,000 euros just on cars will hardly be able to afford a single-family home. I then shared my own numbers, which were quite different.
Otherwise, I haven’t seen any averages here so far. At best, assumptions about what is supposedly average. Like your link showing 250 euros per year for car maintenance costs. That equals about 30 car washes annually. I maybe do four per car, so I’m probably not average. That’s fine. If I had a new car, I’d probably wash it more often. That also removes costs like fully comprehensive insurance.
Bookstar schrieb:
And your clunker with 15 years on the back isn’t an average car, at least not in GermanyBoth are 10 years old, actually just a bit above the German average (9.x years, as far as I know).
By the way, a brand-new Corsa costs around 120 euros per month on a lease (10,000/3/0). Currently, Sixt Leasing offers a Polo GTI for 100 euros per month. But probably none of these are “proper” cars. If you own a house and don’t drive an A6 for the 5 km to work, you must be considered low-class or something.
By the way, I also once considered a Skoda Octavia as a family car. The TSI engine was ruled out due to timing chain issues, and diesel wasn’t suitable here because of low mileage. In retrospect, I’m probably glad to have removed it from the shortlist.
What about our Twingo? Is it allowed in the new residential development? Oh, Astrid next door has a Hyundai 10. And F., who lives at the corner, drives an old Polo. Are we not taking the car issue seriously here? Quite often they have to stay outside, even at night, because the garages are either missing or full of miscellaneous stuff. The lawn mower is also less rust-protected and has to be kept inside. Are we doing everything wrong?
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chand198621 Nov 2019 06:45I have noticed that people who find meaning in consumption (for whatever reason) have difficulty understanding those for whom consumption matters less.
A house is not a consumer good and, depending on the location, can still cost half a million or more, even for people who are not interested in cars, fine dining, or luxury hotels.
That is why they do not spend more on things like cars, food, vacations, fashion, etc. For those who find fulfillment in what they do, consumerism is simply irrelevant—they are already satisfied.
People who do not share this mindset often cannot imagine that beyond a certain income level, things do not need to be bigger, better, more expensive, or more numerous. Especially when it comes to buying a house.
A house is not a consumer good and, depending on the location, can still cost half a million or more, even for people who are not interested in cars, fine dining, or luxury hotels.
That is why they do not spend more on things like cars, food, vacations, fashion, etc. For those who find fulfillment in what they do, consumerism is simply irrelevant—they are already satisfied.
People who do not share this mindset often cannot imagine that beyond a certain income level, things do not need to be bigger, better, more expensive, or more numerous. Especially when it comes to buying a house.