face26
2022-04-01 12:11:32
- #1
I just want to say that buying and building since 2010 has been quite easy even with normal incomes. Since 2019, however, it has gone unchecked into a very difficult region for normal earners without a large inheritance (equity). Now with the increased interest rates, it becomes absurd.
Yes, and if you read that again, nothing else was claimed. You can argue about when to set the starting point. 2010 or 11 or 12 and for how long, but that also doesn't matter.
What I wanted to express is that maybe one should broaden the perspective a bit to consider whether the last 10 years were the "normal" or perhaps rather an outlier downwards. Viewed over 30 or 40 years, the last 10 years were also not normal. The advantage especially at the beginning of this period, as has already been described, was that low property prices (after the financial crisis etc.) met low interest rates, which was special and is now turning into the opposite. High prices meet rising interest rates.
In addition, there were regionally different developments. In southern Germany, people have been "accustomed" to high property prices for a long time. If you take Berlin/Brandenburg now, structural changes have certainly taken place there. You should take a look at what industries have settled (or are currently settling) there over the last 10 years. (Why do you think IBM and Tesla are not building their factories in BW??)
Market laws work...only for some it has a more extreme effect than for others.