Construction costs are currently skyrocketing

2022-10-24 08:28:01

That really depends. Our rental apartment had almost the same square meter size as our own home. There we paid about €1100 including additional costs. Now we have a €1200 installment plus additional costs (I cannot yet give an exact average value). Without special repayments, we will be finished with the loan when I am in my mid-50s. We will presumably still live quite a while then, and if we do not make special repayments, quite a bit should be saved up by then, which can flow into maintenance or maybe will have flowed in gradually. If we make special repayments, we would be finished correspondingly earlier, leaving more years without installment payments at the end. Depending on how old I get and how rent would develop, it is definitely worthwhile in our case.

It remains questionable for me. I don’t know how old you are now. But you can relatively easily enter the invested equity plus maintenance costs into a compound interest calculator so that you get a rough overview of the capital then available. I recently did that for myself on the side in another thread and came up with over €400k in assets. That is also correspondingly liquid. Of course, I left out all kinds of factors such as inflation, possible compensation, etc. Therefore, I do NOT believe that you come off much better as a homeowner IF you consistently save and invest in comparison. YES, an investment in well-being. But often, financially, it’s nicely calculated.

2022-10-24 08:56:31

I therefore do NOT believe that homeowners come off so much better IF consistently saved and invested in comparison. YES, an investment in well-being. But often financially nicely calculated.

The IF in your statement is the crux. All studies and investigations prove this. But all studies and investigations also say that this is only theory and is done only in individual cases. All other tenants just spend their money. It's quite simple, but it has enormous consequences for old age – there is no wealth for retirement.

2022-10-24 09:01:20

Of course, in practice most homeowners also do not have any _liquid_ assets in retirement from which they can draw, as selling the house is out of the question

2022-10-24 09:01:28

Especially since, although the last example mentioned that the overall rate was higher, first of all, this is not always the case, and secondly, it remains the same in absolute terms (assuming the corresponding financing). With rent, one can expect hefty increases.

2022-10-24 09:10:52

... if one knows! that we private individuals require a large part of the energy for heating costs, then the most urgent problem is the many still uninsulated old buildings.

2022-10-24 09:23:38

The climate would be great to protect if the Russians and the Chinese plus the Americans would just give up their military... True - but will that happen?

The climate change will only continue to be 'protected and ignored' as long as your house and the supermarket are not destroyed/looted by landslides/water/sinkholes/poverty migrants.

What do you think caused the last great migration of peoples? Climate migrants! After that, the dark Middle Ages began ...

Construction costs are currently skyrocketing

Joedreck

SaniererNRW123

WilderSueden

Tolentino

Nice-Nofret

Nice-Nofret