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.
H
hampshire21 Nov 2019 13:01The low-interest loan is a solution for individuals to offset rising prices. On the other hand, cheap money drives prices up and thus fuels the spiral. I doubt whether this is the right approach for our society.
hampshire schrieb:
The low-interest loan is a solution for individuals to offset rising prices. On the other hand, cheap money drives prices up and thus fuels the spiral. Whether this is the right path for our society is something I seriously doubt. I not only doubt that, I believe it is the beginning of the end for the euro. The European Central Bank is leading the currency into an even bigger crisis with each passing year. The euro should have been dismantled back during the Greek crisis. Now we are all left to deal with the failure of a construct created by a few powerful figures, and I HOPE Europe remains peaceful despite this.
In the medium term, we will see negative interest rates in the range of -3 to -7%, applying even to private assets from the very first euro. The impact this will have on the housing bubble is better left to the imagination...
chand1986 schrieb:
I notice that people who find meaning in consumption (for whatever reason) have difficulty understanding those for whom consumption is less important. However, consumption addicts will soon learn that banks prefer customers who take on valuable debt.
Bookstar schrieb:
But when I look at the neighborhood here, most people drive SUVs, Tourans, VW vans, or station wagons. I tend to enjoy life but generally avoid excessive consumption. An SUV would be one of the last options for me. Still, I’m seriously considering my next vehicle being an SUV – because the other side of not valuing a car as a status symbol is freedom: simply not caring about the vehicle allows you to buy one to make a statement (namely against the ideological pressure that some “fellow humans” impose by trying to dictate which cars should be considered politically incorrect). If my next car is not an SUV, it will probably at least be a VW diesel.
Bookstar schrieb:
Anyone living on pasta with tomato sauce and supermarket sausages with toast probably has major savings potential here. At least they are saving a significant part of their retirement provision (but should increase their provisions for long-term care).
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
H
Hans-Maulwurf21 Nov 2019 15:14Bookstar schrieb:
In the medium term, we will see negative interest rates ranging from -3 to -7%. This will also apply to private assets from the very first euro. It's better not to imagine what this will do to the real estate bubble...How do you know this?
Hans-Maulwurf schrieb:
How do you know that?Feel free to look up Marc Friedrich and Matthias Weik. And no, I don’t agree with them on every point, but my personal analyses tend to align with theirs.Permanent negative interest rates were only nonsensical for the lending industry as long as there was a gold standard. However, that is long gone – this is how apparent contradictions can be easily explained.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/