Oetti
2022-09-09 07:29:00
- #1
As hard as it may sound: just slow down a bit and take a breather. Things always went forward so far and a crisis also offers incredible opportunities – by the way, you can build those words together in Scrabble ;-) Joking aside: the oil price has been falling for months now and has lost well over 30% compared to the peak by now. It is only a matter of time before this is properly reflected at the gas stations. That also pulls the gas price down; gas has lost about 20% compared to the peak, by the way. That, in turn, will cause electricity prices to fall. That, in turn, will slow down or slightly reduce another rise in producer prices. This development gives me a little hope. Now I am curious what the federal government makes of this situation and builds for the future.Somehow, the usual dependencies between construction/purchase costs and loan interest rates just don’t fit at the moment. In 2001, we paid an interest rate of about 5% on 10 years for the condo. That was easily affordable, as the acquisition costs of the apartment were in a manageable range compared to the salary. However, back then, for example, the real estate transfer tax in NRW was at 3.5% (I believe). Finally, they are addressing that now. For years, it was said: retirement provision through ownership, then it was stocks, and what now? What can one still afford to save something for old age?