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Bauanfänger361 Jul 2017 13:38I live in a booming area and had been searching for a plot or a house for a long time. When I see the prices on real estate platforms like Immoscout, I often get really frustrated. Especially the following things bother me:
- A developer offers a very expensive, ugly plot at an inflated price, but that’s not all: you also have to build an outrageously expensive house with them, so that a single-family home in a small town ends up costing almost 600,000 euros. "Living close to nature"
- Nearly dilapidated single-family houses from the 1960s with 90 square meters (970 square feet) of living space are offered at prices for which you could buy a new single-family home of 120 square meters (1,290 square feet) with 100,000 euros more. "A fixer-upper for the handy family"
- "Land with development potential" is sold at prices between 40 to 50% of regular plot prices, but a call to the local authority reveals notes such as "nature reserve," "archaeological sites," "water protection area," or that the land is planned to remain agricultural for an even longer period.
- Naive private sellers demand sky-high prices: renovated houses from the 1970s costing more than a new build plus land. "Absolutely like-new gem" (despite being almost 50 years old)
- Small villages with around 1,000 residents, located 100 kilometers (62 miles) away, are described as being within the "Munich catchment area" just because you can reach a train station in 30 minutes, with trains that take 50 more minutes to get to Munich.
Sometimes I really feel like telling people that what they’re doing is almost misleading and exploitative. It seems like many are just waiting for the one "fool" who’s willing to pay one and a half to twice the market value.
Just wanted to share this... I’m sure the insights from this thread aren’t all that profound.
- A developer offers a very expensive, ugly plot at an inflated price, but that’s not all: you also have to build an outrageously expensive house with them, so that a single-family home in a small town ends up costing almost 600,000 euros. "Living close to nature"
- Nearly dilapidated single-family houses from the 1960s with 90 square meters (970 square feet) of living space are offered at prices for which you could buy a new single-family home of 120 square meters (1,290 square feet) with 100,000 euros more. "A fixer-upper for the handy family"
- "Land with development potential" is sold at prices between 40 to 50% of regular plot prices, but a call to the local authority reveals notes such as "nature reserve," "archaeological sites," "water protection area," or that the land is planned to remain agricultural for an even longer period.
- Naive private sellers demand sky-high prices: renovated houses from the 1970s costing more than a new build plus land. "Absolutely like-new gem" (despite being almost 50 years old)
- Small villages with around 1,000 residents, located 100 kilometers (62 miles) away, are described as being within the "Munich catchment area" just because you can reach a train station in 30 minutes, with trains that take 50 more minutes to get to Munich.
Sometimes I really feel like telling people that what they’re doing is almost misleading and exploitative. It seems like many are just waiting for the one "fool" who’s willing to pay one and a half to twice the market value.
Just wanted to share this... I’m sure the insights from this thread aren’t all that profound.
Sometimes I come across offers here that look good at first glance. But then, somewhere in the listing, it states that the land is leasehold, so it’s not included in the price.
But let them try. Maybe someone will be interested. Some people are just testing the market or would only sell if someone actually accepts the inflated price.
But let them try. Maybe someone will be interested. Some people are just testing the market or would only sell if someone actually accepts the inflated price.
Bauanfänger36 schrieb:
It seems like many are just waiting for the one "fool" who is ready to pay one and a half or twice the market value. Out of fear that next year it might already be three times as much, the fool is even arriving before winter.https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
11ant schrieb:
Out of fear that next year the price might be three times higher, the fool even comes before winter. Yes, that’s been the experience over the past few years. I regret not buying a plot of land five years ago because it seemed overpriced back then, and now I see that building plots have become even more expensive. So people are willing to pay sky-high prices because it will probably be much more expensive next year.
bindig schrieb:
People are willing to pay sky-high prices because it will probably get even more expensive next year. I’d say, typically bubbles burst eventually.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
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