Is buying a house sensible in the current market situation?!

  • Erstellt am 2020-09-23 14:32:32

Alibert87

2020-12-01 13:33:36
  • #1
not entirely meant seriously... one could wait until in the current situation (covid-19) one or the other house becomes unaffordable and thus more "good" offers come in
 

Evolith

2020-12-01 13:37:07
  • #2
Forget the terraced house. You are clearly showing that you don't want it. By the way, the investment value of the house should be absolutely secondary. You get a house because you want it. A house is a lot of work and responsibility. You have to want that. For that, you get the amazing feeling: This is MINE! If you only care about the garden, get an allotment garden.
 

Alibert87

2020-12-01 13:37:24
  • #3


Yes, my thoughts are pretty similar. There are just many compromises for > 500K. Normally, I would have thought anyone asking that price for a small terraced house was crazy (no matter what the market situation is).
 

Oetti

2020-12-01 13:38:25
  • #4


Sure, that would be enough. But quite honestly: that can sometimes take years and the meantime can really wear you down. I’d rather have the blind one in bed than the deaf one on the roof (the saying goes something like that, right?). I still remember very well how we searched for real estate almost daily on the usual portals and got more and more annoyed week by week because the dream property didn’t come in or nothing new came in at all. That was very annoying too.

In the end, it’s your decision that no one can take away from you. Make a list of the hard facts that your dream house absolutely must meet and the absolute no-gos. Compare the contents with the offered house and then make your decision.
 

Alibert87

2020-12-01 13:39:44
  • #5

Yes, you may be right. As mentioned at the beginning, we don't want to miss any opportunity. I wouldn't go to an allotment garden, and therefore wouldn't use one either.
 

WilderSueden

2020-12-01 13:44:13
  • #6

It is pure speculation. So far, COVID has not lowered prices, why would it? Most jobs have been preserved thanks to short-time work benefits, the heavily affected professions are anyway not the typical homeowners. They are currently working from home and only experience the problems secondarily. On the other hand, the market has been flooded with even more money in a long-term low-interest phase, which is now finding its way into the markets. Just look at stocks, gold, or real estate. Prices are skyrocketing everywhere. And even if one or the other has to sell in the coming months... the demand is so great that it will hardly have an impact on prices. A really big crisis would have to come. Not impossible, but before the next federal election, attempts will be made to prevent that...
 

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