Construction costs are currently skyrocketing

Even if you go down by 25%, you still won’t make it with the ETFs.

And when it crashes... good night.

And it is also subject to inflation.
What separates theory from practice is definitely the rarely present willingness to invest money alongside rent.

Actually a nice closing remark to the interesting discussion. ;)

And when it crashes... good night.

Unfortunately, real estate investments can also crash. It has happened a few times already. And when the baby boomer generation starts to die off in ten years, so much living space will become available that my crystal ball predicts rather bleak prospects for non-metropolitan areas...

Actually a nice closing remark to the interesting discussion. ;)

Sorry for not leaving it at the closing remark... But I wanted to say something about building reserves among tenants and owners: I know many tenants who save money. Among other reasons, because they want to build. I also know some tenants who don’t save money. But rather because they can’t. I know a few homeowners who don’t save (additional) money. (Including me...) And then there are even some who can afford both a house AND to save money. What I want to say is: It often depends on the financial situation whether someone saves or not. And not so much on the living situation. Often, it is just a reflection of the financial circumstances. Oops, did I accidentally bridge back to the original thesis "Ownership = luxury"?! ;-)

Unfortunately, real estate investments can crash too. It has happened a few times already. And when the baby boomer generation starts dying off in ten years, so much living space will become available that my crystal ball paints quite gloomy prospects for non-urban areas...


Sorry that I didn’t just leave it at the closing word... But I wanted to say something about building reserves for tenants and owners:

I know many tenants who save money. Among other reasons, also because they want to build.
I also know some tenants who do not save money. But rather because they can’t.
I know a few homeowners who do not save (additional) money. (Including me...)
And then there are even some who can afford both a house AND saving money.

What I want to say: It often depends on the financial situation whether people save or not. And not so much on the housing situation. Often, it is just a reflection of financial circumstances.
Oops, did I accidentally make the bridge to the initial thesis "Property = Luxury"?! ;-)

You have your opinion - the forum has a different one ;) I think it can just stand as it is

I believe that the numbers alone simply do not tell the whole story. Building a house aka nesting has a high emotional value. Both during construction and later in maintenance, certainly more is invested than if it were the same property in the context of rental.

Which brings us back to construction costs :cool:

Yeah, a bit strange. Right here near Hanover, I just agreed on a warm rent of €1450 for a first occupancy. 143 sqm. Houses for sale, if available at all, are around ~650k without additional purchase costs.

just rented out (in the countryside, Münster area) for €10 cold rent. Is that still social? I hope so, I voluntarily gave them €50 more because both have social professions (firefighter and nursing). The house + land were/are quite expensive with a lot of comfort.

I believe that the numbers alone simply do not tell the whole story. Building a house, aka nest-building, also has a high emotional value. Certainly, both during construction and later in maintenance, more is invested than if it were the same property being rented out.

Which brings us back to construction costs :cool:

I wouldn't leave it at that. Especially those who are currently building through inheritance and low interest rates may not have the money in the long run to carry out necessary renovations. You can also currently see many buildings that have become run-down.