Construction costs are currently skyrocketing

2023-11-05 11:27:34

Fürstenwalde has lost a lot of money in illegal interest transactions. The attempt to hold former officials liable failed in court.

In the legal dispute between the city of Pforzheim and Deutsche Bank over loss-making interest transactions, the city council has drawn a final line.

Volksbank Heilbronn must be supported with millions due to stock and interest transactions.

Kreissparkasse Köln reveals earnings problems in the interest business.

Understood. Leveraged bond certificates. If even the professionals fail at this. I do not believe in leveraged derivatives and dealings with them. I prefer to throw my money out the window with tangible things rather than highly speculative investments.

2023-11-05 13:03:41

For the umpteenth time, interest rates will not go down. They will continue to rise. And massively at that. Even the current pause in rate hikes causes prices to rise massively again. Food prices are currently surging again.

Why should they? The current interest rate level has already throttled the economy quite well. And producer prices have been falling for months. Sometimes double-digit rates down compared to the previous month.

2023-11-05 14:02:01

Yesterday I read a post like that. I don’t even remember where it was, I think in Die Welt.

A couple, he’s an industrial engineer, she’s a lawyer with a net income of 8,400 euros. Even they can no longer afford a house in the Stuttgart area. Not even a townhouse anymore. There’s nothing good left to rent either. And if there is, it’s very expensive too.

The mortgage payment for a townhouse would currently be over 4,000 euros. So you see, even as top earners, nothing can be done here without getting massively into debt. We’re talking about a couple that surely has a joint gross annual income of 180,000 euros.

And families with incomes that high are probably more the exception than the rule. And in times of tight budgets, the owners of existing properties are now being fleeced. Really hard. We are in decline.

It doesn’t help anymore to vote for the AfD or a Wagenknecht. The child has already fallen into the well.

the mentioned couple very well can, but they don’t want to. Huge difference.

they’re simply moving out of the cities. That’s the consequence. But it has nothing to do with decline.

2023-11-05 14:03:50

Yesterday I read a post like that. I don’t even remember where it was, I think in Die Welt.

A couple, he an industrial engineer, she a lawyer, with a net income of 8,400 euros. Even they can no longer afford a house in the Stuttgart area. Not even a townhouse. There’s nothing reasonable left to rent either. And if there is, it’s also very expensive.

The installment for a townhouse would currently be over 4,000 euros

I read exactly the opposite in Die Welt on 12.10.23, namely:

Falling prices – The dream of homeownership is becoming achievable again!

Townhouses are available here in the Stuttgart area from €420,000 to buy, to rent from €1,500 cold (of course the upper limit is open, the Emmerich Villa in the upscale district of Sindelfingen was listed, I believe, for 3.6 million) That is of course not a semi-elevated location / Stuttgart city area and also not with a significant garden or new-build standard or above-average living space. Without equity, nothing works either, but if you specifically save equity and adjust your expectations to your financial possibilities, it is possible to buy a house here with such an above-average income. And renting always works with the income, it’s nonsense that you can’t find anything here.

2023-11-05 14:30:30

Yes, these sob stories also regularly appear on ntv. Recently, a single mother with 2 children, just under 5,000 net, property, 3 vacations a year and casually paid off 5,000 in lump sums in 2022... complained that you can’t afford anything anymore...

People have lost all sense of proportion and also any feeling for how good it is to have 5, 6, 7,000 EUR net.

2023-11-05 14:32:13

And in times of tight budgets, the owners of existing properties are now being squeezed. And really hard. We are in decline.

Now it doesn't help anymore to vote for the AfD or a Wagenknecht. The child has already fallen into the well

How exactly are the owners of existing properties being "squeezed"?
The increased energy costs affect everyone, as do changes in property tax.
And the fact that the energy transition is finally being tackled in the building sector is long overdue; for the past decades, we have lived at the expense of the environment and on the backs of poor regions in prosperity, that is now changing or hitting us in the face.

What would the AfD or Sahra W. actually do differently or even better?
I don't see a decline, only acute problems that were already warned about 20 years ago, but were ignored by the majority and therefore not attractive for parties, because speaking the uncomfortable truth costs votes.

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Construction costs are currently skyrocketing

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