leschaf
2023-05-30 21:14:17
- #1
Several hundred thousand more is a comparison of apples and oranges. Especially since with the saved hundreds of thousands of euros, you can actually afford a household help / nanny / driver for many many years. 'This saved time is worth it to us'
Here, when we were looking for a renovation-needed normally sized single-family house on an average-sized plot in a normal location, we paid 500-700K€. In the near-city countryside, you could get something comparable for 300-500K€. That would be around 200K€, sometimes perhaps a bit more difference – but isn’t that completely normal? I don’t see that as an apples/oranges comparison, especially since the gap is also reduced by higher mobility costs (a second car is necessary, etc.). For example, there’s an article from the FAZ that compares costs besides housing for city and country and finds (though it's older, but the core still applies) that many people hugely underestimate this, and that people in the country have 650€ more expenses per month... and that was in 2012. Yes, you can save on gasoline with photovoltaics + electric cars, but that also requires high investments. Among our friends who live outside the city, no one (with children) has just one car.
And even if I ignore all additional costs on top of the salary and only calculate with minimum wage (no gasoline for the driver, no room & board for the nanny, etc.), then from the difference in purchase price I can only afford a measly 6.5 years of full-time work. And then the money is gone, whereas it hopefully keeps its value somewhat with the city property. So it's better to save the valuable time by choosing the place to live. The prices in the cities aren’t high for no reason – if nanny + driver were a working model, more people would surely do it :)