Construction costs are currently skyrocketing

2021-11-11 08:36:14

At the latest since the kitchen outing, we know that the truthfulness of Durran’s postings is to be determined by dividing by 20. It amuses me.

2021-11-11 08:58:39

Of course you can sell, but what do you do with the money then?

What a funny question. I have 3 suggestions: 1. Buy a sailing yacht 2. Start a company and create jobs 3. Donate You can still invest the rest in other ways.

2021-11-11 09:01:28

Hire a chef who has training in Sushi and Teppanyaki but is also not above cooking hearty Korean or fine Levantine dishes.

2021-11-11 09:18:50

As long as you don’t realize gains, they are only paper profits. So as long as you haven’t sold the property, you haven’t earned anything. For most people, it’s also irrelevant how much their house is worth. They live in it and usually can’t sell it.
Whether it’s worth 1 million or 10 million only matters to the one who inherits it and can sell it, or in similar scenarios.
I myself am also a property millionaire, but I can’t buy anything with that either. Lots of work and little income. On the contrary, the properties cause costs. The wealth is only on paper.

Sure, you can also sell, but what do you do with the money then? Buying a stock index at all-time highs makes just as little sense as a fixed-term deposit with negative interest. So I keep the properties.

And if today there is an unlimited expansion of the money supply, then no one should be surprised about inflationary tendencies. Producer prices in October in the USA rose by 6.2 percent. This is no longer a temporary price increase. It is a solid inflation.

And food prices will soon see explosive increases as well. There’s still a lot going on there. I expect prices to triple at the beginning of next year. Many will still rub their eyes in astonishment. There will also be shortages and delivery difficulties here.

Regardless of the truthfulness: if I were a homeowner in Bavaria or BW with a property value of 1 million euros, I would do what we partially do or will do. Sell the property in Bavaria/BW, buy an existing property with us in Saxony-Anhalt or MV or Thuringia/Saxony for, say, 300,000-350,000 € including refurbishment, put 30,000 € in a daily money account, and invest the remaining 620,000 € in stocks (dividend stocks). For example, I have been invested in Freenet since 2008, including selling at highs and then buying again cheaper. Dividend per year between 1.45 and 1.65 €. Even if you base it on 1.45 € and only buy moderately cheap at 20 € per share, that would be 31,000 shares with 620,000 €, which yield 45,000 € dividends per year – net! No capital gains tax is paid on Freenet; only at sale are dividends deducted from the purchase price and the sales gain taxed in full.
That makes 3,745 € net income per month. Add a few hours working on a 400 € basis for health insurance, etc., and you can practically live worry-free as a private person/retiree. And no, we are not all right-wing here or AfD voters. I, for example, am from Hamburg and left of center, and in our town, some “Wessis” live too.

2021-11-11 09:27:32

Property value of 1 million € would be,

Your calculation only works, of course, if the place is debt-free. And that is probably not the case for most of the readers here; most real estate millionaires still owe a lot to the banks.

2021-11-11 09:29:51

No matter what my house is worth, no one will ever get me out of my Bavarian village.

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Construction costs are currently skyrocketing

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