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.
Bookstar schrieb:
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 go in a similar direction.Hmm ... the horsemen of the apocalypse...
They also believe that mortgage liens should be removed (after the loan is paid off) because banks remain co-owners as long as they are listed in the land register... Well...
I’m not saying that everything they say is nonsense, but it should be kept in mind that they make their money by feeding people’s fears. Now they have finally given a date for the big crash... I’m curious.
Some form of correction will come at some point, of whatever kind. But this is nothing new; it’s just normal. Whether next time it means we should all be stocking up on emergency supplies in the basement, I doubt it.
Who besides The Simpsons would have thought years ago that a clown would run the USA and the world would keep turning anyway?
I also don’t believe we will quickly find a way out of negative interest rates, and if we do, it won’t be far... but what if this just becomes “normal” and still works? The Japanese manage it too (even if that comparison is not entirely fitting at the macroeconomic level).
Thinking about how to build your wealth and consider what makes sense in different scenarios is, in my view, very important... But I’m not panicking... not even about a real estate bubble... which I don’t see, except for some local hotspots.
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hampshire22 Nov 2019 08:38The dilemma is as follows: Those with financial flexibility benefit from market fluctuations. Up, down, sideways, construction, demolition... the direction no longer matters. It sounds cynical, but that’s how it is. Those without this flexibility tend to be pushed around. Over time, this leads to dissatisfaction and radicalization.
The low interest rates and the tendency of homebuyers to stretch their budgets to the limit will, in the long run, increase the number of people being pushed around.
The low interest rates and the tendency of homebuyers to stretch their budgets to the limit will, in the long run, increase the number of people being pushed around.
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Hans-Maulwurf22 Nov 2019 10:24I dare say that none of those writing here are the ones being tossed around. The biggest hobby is always worrying about things that never happen.
Joedreck schrieb:
Personally, I consider a breakup of the euro to be... hmm, let’s just say unfortunate. The same goes for a breakup of the EU. Both actually ensure peace.Yes and no. Europe is a great achievement, and its fragmentation would set us back by decades, whether economically or from a peace perspective. However, this is entirely independent of the common currency. A community of states does not require a single currency. Many configurations are conceivable; personally, I find having two or three currencies reasonable and necessary to manage the processes of countries with differing strengths.
The euro as a construct was introduced with conditions that, unfortunately, were already broken for Greece shortly after its implementation. The banking crisis then removed all restraints, and since then, the ECB has been stabilizing a patient in a coma.
The euro and Europe have deteriorated from an incredibly beautiful vision into a very bizarre experiment, where many rules no longer exist and only reactive measures to current disasters remain. We are far from effective governance and control of the situation.
No one can predict if or when everything will collapse. I believe unpopular measures can keep the patient alive for some time, but if it eventually dies—the euro—it will become very unpleasant for many.
Bookstar schrieb:
There are many possible scenarios. Personally, I consider two to three currencies necessary to manage the economies of countries with different levels of strength. You might be right in a practical sense, but the majority think emotionally. We have seen this in the education system with the three-tier structure. And where has that led us? To a point where the lowest tier of secondary schools is already being phased out in some regions!
It doesn’t take much imagination to foresee how little lasting acceptance a three-tier currency system would have in countries that feel unfairly classified as “class C” nations (those underperforming in terms of stability) and rebel against being “left behind.” I don’t currently see peace AND a three-currency system coexisting.
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