Real estate experts' report: 830,000 homes are missing until 2027

I do not necessarily see the future of children as rosy, but also not so bad. I was still safe during the Cold War not far from the fence. When the Russian comes.... He did not come, what came when I was a child was the reunification. Children with a good education have the world open to them. I see it like Nordanney. Housing is mostly scarce in metropolitan areas. Whether everyone can afford a single-family home like today, I also do not believe. But not that long ago, living space per person was smaller, people lived in extended families with multiple generations, I describe that life as different but not necessarily bad. Ok, in the countryside often still several generations live under one roof, therefore I do not see that as a catastrophe.

"Those who build today go bankrupt"
Status: 20.02.2024 15:21
The Central Real Estate Committee warns of a "dramatic collapse" in residential construction. The so-called real estate experts expect that in just three years there will be a shortage of 830,000 apartments in Germany.
These are gloomy times for everyone who wants to build or simply is looking for an apartment: This year, around 600,000 apartments will be missing in Germany, according to the Central Real Estate Committee (ZIA) in its new spring report. By next year this number will rise to 720,000, and by 2027 even to 830,000. The country is threatening to "head straight towards a social debacle," said ZIA President Andreas Mattner.

Building has become "virtually impossible," according to ZIA
The so-called real estate experts warn of a "dramatic collapse in housing completions" to an expected 150,000 per year. The target set by the federal government of 400,000 is thus moving far out of reach. In 2023, this mark is estimated to have already been missed by a wide margin with around 270,000.

I wonder how anyone wants to bring 3-4 children into the world in this environment, as mentioned in another topic. They no longer stand a chance to secure housing, and even the parental financial boost will be missing, since they themselves bought overpriced housing and will be paying off their loans until their last breath.

There have been significantly worse times and worse starts for children regarding wealth and real estate. My father was born in 1943, his father died in the war, and the entire family was expelled from their homeland in 1946. The new start in Bavaria began with just one box each.

My wife and I have since brought two children into this world and, to be honest, see the whole thing very calmly. We both have secure jobs, and the apartment almost pays for itself. Within one to three years, we plan to further diversify our assets and buy our first rental apartment. The numbers you mentioned actually support the fact that housing is urgently needed, and as is well known, a mix of supply and demand determines the price.

Scarce housing supply – high demand for apartments => high rents. Sounds like a good deal to me.

Why pay off a loan until the last breath? That sounds to me like building too big/too expensive. Five years ago, we considered building a house as is usual in rural areas. We would have ended up with a monthly burden of about 1,500 euros here. To be honest, that was too much for us as we didn’t want to restrict ourselves because of a property.

What did we do? We bought a beautiful apartment on one floor with numerous highlights for 800 euros a month. Alternatively, of course, we could have complained about the high prices and continued renting, but to be honest, that was too stupid for us.

Whether everyone can afford a single-family house like today, I don’t think so either. But not so long ago, the living space per person was smaller,

Nowadays there are many people who bring it almost to the point of an indecent proposal that a normal family with 2 adults and 2 children could distance themselves from the seemingly God-given "standard" of a dignified living only from 160 sqm upwards. Just imagine for a tiny moment of nightmare, for example from 120 sqm onwards it would not be a third parking space that is mandatory and a granny flat promoted just for its mere existence, but rather one would first have to plan the granny flat for the building permit and secondly grant the refugee authority a right of occupancy for it for, say, five years. No more honorary mention of grandma on the doorbell. That would right-size the standards in no time.