Construction costs are currently skyrocketing

I completely agree with you, we were also mostly outbid or the people bought everything despite the exorbitant costs. When you drive past the houses from the 70s and 80s today, really nothing has been done. For such buildings, I usually factored in a flat rate of at least 150,000. But then you always ended up between 700,000 and 800,000. I always wondered how people can afford that. Even for me, with two full earners in well-paid academic professions, it's tough.

Stay calm. Interest rates will be significantly cheaper again in 2024. It might even start at the end of 2023. Then the game begins anew.

I shouldn’t care about the game. I am sitting in my house and soon the scaffolding will be gone as well. What bothers me is only the whining of exactly those people when renovation obligations come now. They have been foreseeable for a long time because anyone who wants to reduce CO2 must tackle energy consumption.

That is so typical of the NEUBAU Forum. Here, the top 10% are boasting loudly that people shouldn’t be so difficult about the planned EU forced renovations. That is what those in the new-build houses say. Of course. They themselves are not affected. No one could have guessed two or three years ago that gas prices would double, nor that the renovation plans of politics would interfere so deeply with ownership. If, on top of the doubling energy prices, you now have to renovate your 70s house for €70,000, I can understand the despair. That was completely unforeseeable, and of course many good speeches come from their new-build houses. Fortunately, most of the heating hammer was stopped yesterday. Now the EU only needs to put its ban plans on ice. In the end, none of this will happen. Because let’s be honest, politics against a large part of the people simply does not work. Also, for the parties’ own interest in the next election, so as not to fall completely in the votes. Climate protection only works with the people and not against them.

Here the top 10% boast loudly that one shouldn’t make such a fuss about the planned EU compulsory renovations.

I didn’t say that.

No one could have guessed two or three years ago that gas prices would double and also not that the political renovation plans would interfere so deeply with ownership. If you now have to renovate your 70s house for €70,000 in addition to the doubled energy prices, I can understand the despair.

Yes, it was clear in 2020 that energy costs would rise sharply in the coming years due to political decisions. That the Ukraine war accelerated this somewhat was unforeseeable. Although the effect is almost gone again. In the end, it doesn’t matter why the prices rise. It was clear they would rise and also that renovation obligations would come in some form. Anything else was highly naive. For almost 20 years there has been talk of the energy transition and energy-efficient renovation.
That’s why we also calculated €100k and up for a renovation. With the effect that you actually didn’t have to submit an offer anymore because the houses then became much too expensive. For the purchase price plus ancillary purchase costs plus partial renovation, I could build new in a similar location, including land, kitchen, outdoor facilities, and have a standard that clearly exceeds the renovated house.

I also realize this is hard for some people. Especially the older generation who planned their pension with the illusion that living rent-free would also be cost-free. Ultimately, there are two fundamental directions and these are not compatible with each other. Either you seriously reduce energy consumption, especially in the existing buildings, or you completely abandon it.

Stay calm. Interest rates will be significantly cheaper again in 2024. It might even start at the end of 2023. Then the game starts all over again.

Do you also have the lottery numbers for next week and can tell me what the weather will be like in summer 2027? You seem to have psychic abilities.