Now apart from the rundown dump on the main street that was shown there. A nice property with a conservatory, large plot, and well maintained was also presented, where the old people already know that they might only get €80k for it. How is that supposed to be over the top?
I would like to see you in 40 years, how your jaw drops when someone only wants to pay €80k for your property.
That was just a vague assumption by the owner, not a profound appraisal by a real estate expert, nor an existing offer. Not much of the house was visible, but at first impression, the price sounded quite understated considering that Höxter (32,000 inhabitants) and Paderborn (140,000) can be reached within 5 and 35 minutes respectively, the village has a train connection, as well as a daycare, primary school, pharmacy, gas station, etc. However, the report is already 4 years old. I also simply assume that the older couple, as young people, were themselves happy about the super cheap plots or houses in that village and have therefore not lived debt-free in the house just since yesterday. Isn’t that a form of retirement provision? The true advantage of home ownership only unfolds after the last installment is paid, and if I am done paying in my mid to late 40s in the countryside, then I have a clear advantage compared to the homeowner in the urban area who possibly has to pay off the mortgage until retirement and beyond, plus more free time to keep my property in good condition. However, I also hold the view that one must begin dealing with the sale of one’s house early on and not only from the day the place is completely worn out and one can no longer climb the stairs. But senile obstinacy usually prevents that.