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?
kaho67416 Apr 2019 13:07
Thierse schrieb:
In the end, you leave a house to your children, and often they don't even want the old shack and just get rid of it.
I don't know anyone who has ever seen their parents' house as a burden. Selling it is not a problem and can be a great head start for the next generation.
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Thierse
16 Apr 2019 13:08
It depends on which factors you adjust. Renting out a property yourself while simultaneously renting it out can sometimes be a sensible option. As a landlord, you also have different tax opportunities compared to an owner-occupier.

And what many people generally don’t consider is the issue of needing care and homeownership.
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Tassimat
16 Apr 2019 13:14
Care dependency and homeownership make a good combination. The property can be effectively utilized. Isn't this the kind of retirement provision everyone keeps talking about?
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Thierse
16 Apr 2019 13:18
Obviously. An underestimated topic. The social welfare office shows no mercy, and even with basic income support, things can quickly become complicated. This can happen, for example, due to illness.
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chand1986
16 Apr 2019 13:25
Jump-start for the next generation? Usually, the inheritor is over 60 years old...
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Thierse
16 Apr 2019 13:34
In many inheritance cases, disputes become bitter and families break apart. Unfortunately, this is not uncommon and involves many lawyers.