Home financing ever possible? Probably not!

  • Erstellt am 2022-12-16 17:16:04

SumsumBiene

2022-12-16 23:00:59
  • #1
Or you just have to move away if the desire is excessively strong. If there are no children involved, that is actually always a viable option. We were also lucky that, as locals in a holiday area, we still managed to succeed. A friend works at the notary's office and in the last two years there have been more and more cash sales. Big city earners who then bought cheaply by their standards. Nothing to do with migrants etc. Those who can only afford an apartment with rent up to 500/800€ can whine about that. But certainly not potential home buyers.
 

WilderSueden

2022-12-16 23:01:43
  • #2
Not directly. But it’s hard to deny that rising demand with stagnant supply leads to rising prices. And when there is a severe shortage in a certain segment (e.g., affordable rental apartments), this also affects the prices in the neighboring segments. And eventually the whole region becomes expensive. I see this live and in color here. The shortage is so great that even for old buildings in apartment blocks >5000€/sqm are being asked. Then everyone competes with the middle class, because for such a 3-room apartment you quickly spend half a million. For the concrete case… with €5200 net, you could have quite easily built or bought up to two years ago and even until a year ago still quite well. Now with >€2500 installments, that obviously looks less comfortable. Nevertheless, I still find plenty of houses for the district on Scout. Tending even significantly cheaper and definitely more offers than KN (where we currently live) and SIG (where we are moving to). Both districts combined don’t even have the same number of offers for houses >120 sqm and <500k.
 

ypg

2022-12-16 23:02:06
  • #3
Which clock is ticking for you? But they do not aspire to ownership! I request a neutral argumentation.. is that possible? ;)
 

Kokovi79

2022-12-17 06:11:14
  • #4
And it desperately tries to cover up that the wrong people are coming and that asylum urgently needs to be replaced by controlled immigration.
 

HilfeHilfe

2022-12-17 07:25:10
  • #5
The income is great, the question is about the saved equity. Basically, if you have the desire for ownership and live in an expensive area:

* move further away
* look for something smaller (no house but apartment)
 

Bardamu

2022-12-17 09:33:42
  • #6
So I haven't had any competitors for an apartment in our income bracket (around 6000/month). But I can confirm that buildings are not renovated or sold by the owners, but rather converted in such a way as to create as much living space as possible to accommodate "asylum seekers", profitably financed by the state. This living space is lost, that's a fact. But I doubt that this heats up prices. Rather, prices rise here, at least for apartments for rent and sale, due to greedy brokers, investors and entrepreneurs as developers. They arbitrarily let prices rise.

But to stay on topic, it is really unfortunately not a right for everyone to own their home. Either you can afford it or you can't. But who wants to put 50 percent into their place, just see it that way. Everyone burns money one way or another, either through rent or through high interest rates and completely overpriced houses or apartments.
 

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