Hausbau2022
2020-12-27 18:06:48
- #1
If everyone thinks like you, one should start to rethink. See the housewife boom. Everyone believes that you can ONLY make money on the stock market, with ETFs, with Bitcoin or real estate. There is no risk, it only goes upward. Until supposed certainties are tested..
Which corporation buys a single-family house or semi-detached house in the middle of nowhere? It is normal people who take out more and more credit to grab a supposedly rare object and push themselves to the limit. See current example here in the thread.
The banks are becoming more cautious, the new Corona-K dominates – whoever has (a lot of equity + income) still gets something, the others are out. And you asked the exciting question yourself – why do the banks do that? Because the risk continues to rise, and the exaggerations can probably only be financed with equity – not through the bank.
If a €700,000 property, which was €550,000 two years ago, is to be financed, you can manage it if you bring the €150,000 "value increase" yourself. The banks probably increasingly assume that they will not be able to realize it again in a forced sale and do not simply go with -10% from the arbitrarily increased sale price in the lending value.
is your opinion, I have a different one and see it in practice. Both with me and with 2 investments in November as well as with some friends who have bought. As long as the valuation fits, they finance it. The guidelines they had before are still current. And if someone has too little income, too many consumer loans, or the appraisal doesn’t fit, there is simply no money. Corona or not. And what you write I also hear from people. There are some who wanted to buy in 2014 and are still waiting for the crash. Them being able to wait does not mean you can get it cheaply. In a crisis there are always winners and losers, and plenty of people outside with money ready to get something good...