Question regarding the feasibility of financing

I will report on recent experiences in the real estate market over the weekend.

Now you have of course made us curious.

In the second post, you also write that you are far from being able to afford a house.

Does Audi's announcement to cut an entire management level and generally save especially on executives have no impact on the real estate market in Ingolstadt + surroundings?

Of course including consideration of the current situation in the automotive industry and especially the situation of Audi in general.

Those who started 20 years ago entered at one pay grade higher than today. But those times are over and almost all companies are downgrading, and the rating firms agree with them. Some even try to buy out people so that the legacy burdens leave the company and one can permanently calculate with new, cheaper, yet still highly qualified newcomers.

That’s exactly how it is.

In my opinion, this forum is also not representative of who or what kind of house is afforded or can be afforded. I know enough people who are more modest with their new build, so not 160 sqm with extra costs for a flat roof like Bauhaus style, but aiming for a house between 109 and 135 sqm, and who do not spend their free time in this forum because they have hobbies other than building a house and cannot (or do not) follow one or the other question here during working hours.

[...] and cannot accompany the occasional question here during working hours. [...]

Outrageous accusation I, for my part, am here in my free time... (flexible working hours)

I am also outraged and deeply shocked! If Geier Sturzflug knew...

In the second post you also write that you are far from being able to afford a house. Does Audi’s announcement to save an entire management level and generally especially at leadership positions have no impact on the real estate market in Ingolstadt + surroundings? Of course including consideration of the current situation in the automotive industry and in particular the situation of Audi in general.

I’m not sure if this is a sarcastic or serious question. But actually, I’m not looking in Ingolstadt, but Erlangen. Erlangen is ultimately in the same boat as Ingolstadt. And in both there are supposed crises at employers and calls for savings etc. etc. I suspect that this will certainly lead to job losses, but in the foreseeable future I personally do not see any chance of easing in the real estate market. I suppose Siemens would have to completely close the site in Erlangen for prices to fall to a "normal" level. Because with FAU and the proximity to Fürth and Nuremberg, Erlangen will not become unattractive anytime soon. Moreover, a significant proportion of current employees already rent or live far outside. So the question is who in the end really owns the real estate and who is the one losing their job. And, even though I don’t work at Audi in Ingolstadt, I suppose it looks similar for Ingolstadt. Audi will not go bankrupt anytime soon. The Germans are too loyal for that. Whoever learns nothing as a buyer from the diesel scandal will not save on Audi anytime soon just because the labor market is tightening. But my story is of course no blockbuster. Just a little story I would tell that shows that the market (at least in Erlangen) is fundamentally broken.

Hs

I'm not sure if it's a sarcastic or serious question.
But actually, I'm not looking in Ingolstadt, but Erlangen. However, Erlangen is ultimately in the same boat as Ingolstadt.

The question was meant seriously.
Then I must have misunderstood something somewhere in this thread.
I thought you were looking in the area around Ingolstadt and Audi is by far the biggest and sometimes the only driving force, which is why I could have imagined a causality beyond mere correlation here.

Regarding Erlangen, I of course agree with you. In the metropolitan area of Fürth, Erlangen, Nuremberg, there will be no relief anytime soon.
I currently work in Nuremberg myself and inevitably get to know a lot about the real estate values in this area professionally on the side.