ᐅ Is the real estate market increasingly forcing families to build their own homes?
Created on: 6 Apr 2019 11:35
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Thierse
Actually, we would prefer to avoid building. Unfortunately, existing properties within a 20 km (12 miles) radius have become quite expensive, and affordable rental houses with small gardens are simply scarce.
Until now, we have been living in an old rental apartment without a garden. We would like to change that, but there is a lack of options. The listings on various platforms are overcrowded with families looking for affordable housing.
Who is familiar with this situation, and how do you deal with it?
Until now, we have been living in an old rental apartment without a garden. We would like to change that, but there is a lack of options. The listings on various platforms are overcrowded with families looking for affordable housing.
Who is familiar with this situation, and how do you deal with it?
I think I would have rented for a few more years if there had been something available in the right size. But there is no middle ground between a 4-room apartment and a house. A 5-room place (without a garden)? That simply doesn’t exist. Now I pay as much interest on my house as I used to pay for rent without utilities, and that with 6 rooms plus a basement instead of 4.
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HilfeHilfe15 Apr 2019 17:22Nordlys schrieb:
The teenagers can certainly learn that they are not the center of the universe; it doesn’t hurt to understand that. Could you be Serbian? You must be Slavic, right?
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HilfeHilfe16 Apr 2019 06:41Nordlys schrieb:
Half Pole, half Kiel. Slavic half-brotherWhen considering real estate in general:
Those who fulfill their dream of owning a house often take on debt for at least 20-30 years of their lives (depending on available capital). This debt usually has to be paid off while working continuously in a demanding job. In the end, they leave a house to their children, who often don’t want the old property and simply sell it off.
When you really think about it, this doesn’t make much sense, unless you can truly afford it without issues. However, this is not the case for many people. Future increases in property value are also never guaranteed.
The truly wealthy often live in rented homes themselves and instead rent out properties that, if located well, generate enough rental income to cover their costs.
Those who fulfill their dream of owning a house often take on debt for at least 20-30 years of their lives (depending on available capital). This debt usually has to be paid off while working continuously in a demanding job. In the end, they leave a house to their children, who often don’t want the old property and simply sell it off.
When you really think about it, this doesn’t make much sense, unless you can truly afford it without issues. However, this is not the case for many people. Future increases in property value are also never guaranteed.
The truly wealthy often live in rented homes themselves and instead rent out properties that, if located well, generate enough rental income to cover their costs.
The tenant is essentially paying off the house to the landlord. In that case, it is not wise to rent but smarter to pay off the property yourself. And 100,000 marks of debt was a lot of money in 1998. Now, after 20 years, only 10,000 euros remain, which is nothing — every Hyundai i10 costs more. Remember, debt does not participate in inflation. K.
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