Well, you can see it that way, sure. What I meant is more that it's hard to compare "back then" and "today" because there are hardly any builds like that anymore, but on the other hand, many construction projects back then couldn’t have been realized without these muscle mortgages. Without the manpower bonus, these families (including mine) probably wouldn’t have gotten a home of their own. But when I hear the stories from the construction times back then, I’m sure – even though there was a lot of work – it was definitely a cool time. At least there are plenty of funny anecdotes from the years of "construction Saturdays."And for that, in the following years, you had to slog away every weekend on the construction site with all the helpers until the last person in the circle of friends or family finally had a house ... I honestly prefer to spend that time with my wife and child and not be forever in debt to 50 people ...
I could imagine that this is also related to the fact that energy prices are currently exploding. Existing properties often use gas or oil, the ancillary costs + more expensive electricity + mortgage (which usually costs more than rent) many probably can no longer afford at the moment.At least the prices for existing properties have dropped significantly.
Sure, you can see it that way, of course. What I meant is rather that it's hard to compare "back then" and "today" because there are hardly any buildings like that anymore, but on the other hand, many construction projects back then couldn't have been realized without these muscle mortgages. Without the manpower bonus, these families (including mine) probably wouldn't have gotten their own homes.
But when I hear the stories from the construction times back then, I'm sure – even though a lot of work was done, it was definitely a cool time. At least there are lots of funny anecdotes from the years of the "construction Saturdays."
I spoke to a kitchen builder today, or rather his carpenters. Until the 1st quarter of 2023, they can hardly catch their breath from work, but the "normal home builders" (which in this region means the simple 8000 net income household with an inheritance) are paying more attention to the price. For the 2nd quarter, the order situation currently looks rather slightly weak. So more or less normal like before the construction boom of the last 8 years. They are fine with that, because they do not see an end to the delivery difficulties in the appliance sector either. They have customers who have been waiting for electrical appliances for over half a year.