Construction costs are currently skyrocketing

2021-04-26 12:51:27

The conclusion is that the price is indeed higher, but it costs you less monthly, and in 10 years you will have at least 20-25% more salary in total.
Your purchasing power is significantly better, and the rate makes up a smaller percentage monthly than it did in 2010.

Unfortunately, this is not shown or the people are not enlightened. Then it’s just said that the bad investors or speculators or whatever...

Instead of teaching facial interpretation in school over years, it would be better to teach economic contexts and life.

Uhm, in school life should be taught instead of faces? But I actually think proper math and writing are basically good too.. ;)

Otherwise, you are mistaken in many places. The "profits" from lower interest rates have long been eaten up by inflated prices. At the latest since 2015. This is exactly where the "fallback potentials" that appear in the banks' reports come from. The well-known warmed nitrogen-oxygen mixture.
You also simply assume that the salaries of 30- to 40-year-old prospective buyers in 10 years (in the same position) will be 20-25% higher net today. This is certainly not true overall when looking at real wage indicators.

The only relevant factor is the ratio of housing costs plus credit to household income. Over one-third is a critical value, and in many places, it is reported that large parts of new tenants, new builders, or buyers of used properties exceed this.

The current situation—end of the Baukindergeld, "normal" 10% price increase plus raw material bubble—will again push many people out of the potential circle. Which, by the way, was the quintessence of the documentary—simple job—no chance. One academic + one vocational training—hardly a chance—two academics—only with really good jobs, both working & no fear of really high debts.
Exceptions prove the rule, mostly through inherited equity.

2021-04-26 13:06:15

You then simply assume that the salaries of 30-40-year-old prospective homebuyers in 10 years (in the same position) are today 20-25% higher net. This is certainly not true overall when looking at the real wage indicators.

But for his argument, you don't have to look at real wages but nominal ones. Because that is precisely his statement, that inflation does NOT affect the installments.

2021-04-26 13:13:38

Uhm, in school, life should be taught instead of faces? But I basically think correctly calculating and writing are good too.. ;)

Otherwise, you are wrong in many places. The "profits" from lower interest rates have long been used up by airfares. At the latest since 2015. This is exactly where the "relapse potentials" that appear in the banks' reports come from. The well-known heated nitrogen-oxygen mixture.
You then simply assume that the salaries of 30-40-year-old prospective builders in 10 years (in the same position) are net 20-25% higher than today. This certainly is not true overall when you look at real wage indicators.

The only relevant factor is the ratio of housing costs + loan to household income. Over one third is a critical value, and in many places it is reported that large parts of new tenants, new builders, or new used-home buyers exceed this.

The current situation - construction family allowance expired, "normal" 10% price increase plus raw material bubble will push a lot of people out of the potential circle again. Which, by the way, was the essence of the documentary - simple job - no chance. 1 academic + 1 with vocational training - hardly a chance - double academics - only with really good jobs, both working & no fear of really high debts.
Exceptions prove the rule, mostly through inherited equity.

Thanks, I typed this on my phone... But despite your comment, I managed to get my A-levels and diploma and can now make a living from my real estate... Luckily, but people like to put others in a box just because someone typed quickly.

In many wage agreements you can gladly check where wages were in the same level in 2010 and where they are today.
On average at least 2.5%.... And even as an academic, you don’t stay in the same place at the start.

True, when the raw material bubble is over, the prefabricated house builders will lower their prices just like car manufacturers and others etc... ;)

In the end, you have debt if you take out a consumer loan and throw the money out the window. With a property, you always have underlying value behind it. How the price develops may not matter. That only matters when you want to sell.

2021-04-26 14:57:57

Completely off topic, but I actually thought that you meant faces and didn’t find it funny in the slightest that something like interpreting faces is taught in schools :D

Something like that definitely could have existed with us ^^

2021-04-26 16:04:20

Were you at the Waldorf school? :D

2021-04-26 16:07:19

No, but free-spirited teachers exist everywhere ;)

Construction costs are currently skyrocketing

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