Land purchase and house construction in the current situation - experiences

2024-11-08 13:46:43

What do you actually think determines the value of a house?

You are talking about €. So of course I am also referring to €. Everything you write has nothing to do with the topic "crashing real estate prices," by the way. If you have something meaningful to contribute on this (other than the example of a property in the middle of nowhere, where nobody wants to live, as a representative example for the real estate market), then gladly. I’m not reading the rest of what you write anyway.

The predicted vacancy or even the neglect of the rural areas in East Germany has not occurred.

LOL – just a small statement from market reports: Location Thuringia. The current residential vacancy rate there is about 6.3% and is thus above the national average of 4.3%. In the structurally weak, rural regions outside the cities it is especially high (well above 10%) – demographic change, low demand – the demand exists only in the cities

2024-11-08 13:56:17

LOL - just a small statement from market reports: Location Thuringia. The current apartment vacancy rate there is about 6.3% and is thus above the national average of 4.3%. In structurally weak, rural regions outside the cities, it is particularly high (well over 10%) - demographic change, low demand - the demand exists only in the cities

There is hardly any vacancy in rural areas. Especially young families buy affordable houses here. But you can't know that if you live in Düsseldorf and only know the East from market reports. But where is the housing shortage in Germany, if there is so much vacancy like in Thuringia? For a Ukrainian refugee receiving citizen's allowance, it should be quite irrelevant where in Germany they live.

2024-11-08 15:42:36

Saale-Unstrut. Oh dear. Is there an economically weaker region? Apart from mediocre Dornfelder and Spätburgunder, the region has nothing to offer. For 180,000 EUR, you can’t even get a plot of land in Halle, Magdeburg, or Chemnitz anymore.

2024-11-08 17:39:43

There is hardly any vacancy in rural areas.

You should know that...

But you can't know if you live in Düsseldorf l

You have to ask the people from Düsseldorf, not me.

only know the East from market reports.

Maybe, ask the people from Düsseldorf.

But where is the housing shortage in Germany,

Where people want to live. Not where there is dead land and no future. Think about why we have so many refugees here in the West (from the new federal states). Consider why Thuringia will have lost half of its population in a few years (compared to 1990). These are all "economic refugees."

2024-11-08 23:45:38

Not only the topic "how secure are our jobs" but also the questions "How does the economic situation affect real estate prices" and "Will the chosen main contractor survive the next 12-18 months" are, of course, swirling around in our heads.

It is good to occasionally think about the risks. But one should not drive oneself crazy. There is always a way out, plan B or options. Just imagine if you had the mindset like Fene, then you might as well have yourself cremated. You cannot insure yourself against life and not live it – unless you want to, then you should live someone else’s life and leave your savings with a cold hand or spend everything as if there was no tomorrow. Loss (work, children, marriage or house) hurts, but there is no reason not to get married, have children or build a house because of it.

when I read your situation like this, I can only shake my head. You seem to rely very much on the IG Metall bonus

Maybe you should read the original post carefully again, because he is worried. That is the reason why he posted here. With your contribution, you basically missed the point of the topic. 6! Sit down!

2024-11-09 10:45:23

It is good to occasionally think about the risks. But you shouldn't drive yourself crazy. There is always a way out, a Plan B, or options.
Just imagine if you had the attitude like Fene, then you might as well have yourself cremated right away.

You can't insure yourself against life and not live it – unless you want to, then you should live someone else's life and leave your savings cold-handed as an inheritance or spend it all.
Loss (work, children, marriage, or house) hurts, but there is no reason not to marry, not to have children, or not to build a house because of it.

Maybe you should read the opening post again properly, because he is worried. That is the reason why he posted here. You basically missed the point with your contribution. 6! Sit down!

Thank you for your contribution and also to everyone else! This is exactly the argument we originally started with when discussing house construction. Now that it is about to become real, in the end we just want to make sure that one is not wearing rose-colored glasses, imagining everything nicely, and refusing reality. But it reassures us that most of you share our view to seize the opportunity.

As you have all already said: you cannot factor in all eventualities and negative events in advance; otherwise, you might as well give up on the project right away. What is important is to reduce the risks, especially financially, and approach the topic with sound planning, then solutions should emerge for many occurrences.

Land purchase and house construction in the current situation - experiences

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