Rent out or sell a condominium? Decision in times of crisis?

We initially considered, when it came to our semi-detached house. Sell or rent..

We decided to rent because, - we didn't know what to do with the lump sum of money :oops: - if a real crisis really comes, the lump sum of money is just a number on paper that can be easily wiped out, :eek: - the value of the semi-detached house remains and the rent (very high in Berlin) is a good extra income :) PS: If so, then rent to complete strangers

It is important to find good tenants who can pay the rent and the increasing additional costs.

We decided to rent out because,
- we didn't know what to do with the lump sum :oops:

that's always an individual decision.

We have already invested a large part of the money in things that otherwise would have had to wait years.

But I agree with you... with the rest, we currently don't know what to do either... :oops::oops:

If I can afford an additional house plus an apartment that a tenant then pays off for me, especially in a metropolis: I would never sell

we had to sell ours because we needed the equity from it

It was rather the other way around. Only because of the increased value of the ETW was I even able to afford the house. In that sense, I might have had to sell earlier, but my FB just worked magic. But yes, the decision does not get any easier...

Then you benefit twice from your apartment now. 1.) Only because of that you could afford the house 2.) You bought before the really big price increase (by 40%) from 2019/20 and therefore have a high appreciation. That’s why you definitely shouldn’t sell. Prices are falling here sometimes (in the small town), but only for old poorly insulated apartments <20 years. The new energy-efficient apartments will definitely not lose value in the coming years. In Berlin, I wouldn’t worry about a possible loss in value at all. Furthermore, due to sharply rising construction costs/interest rates, much less will be built despite more immigration and a continuing increase in migration to the metropolises. Also, far fewer people can afford to buy an apartment because of these factors, so not only will fewer energy-inefficient apartments be built, but many more people will have to rent an apartment. The result will be that especially rents for new-build apartments with low additional costs will continue to rise (at least in the Big 4 Cities). And for a civil servant teacher with job security, I certainly wouldn’t worry about rent in the current times. It doesn’t get better than this. What do you want to do with 60k in the current inflation other than lose 10k every year? A property definitely withstands inflation without loss of value with your criteria. Also, in times of great economic uncertainty, you would probably get the worst price (in a year it might look a lot better again). Therefore, my tip to you: Keep it at all costs and enjoy a property in a good location with good energy efficiency and continued rising value, as rents will rise in the coming years with higher demand if fewer can buy their own home, so you can go into the future a bit more relaxed with this inflation-protected asset. So please don’t sell! That would be a big mistake. PS: With divorce rates, it is only sensible to protect self-built assets. That has nothing to do with pessimism or lack of romance but with common sense and rational action. What I have worked for should of course continue to belong to me. Unfortunately, not everyone thinks about that yet.