Save more or buy???

Please compare exactly this number* to the costs of the additional financing over 42k.

I don’t know the exact figures any more than you do – but you’re right. Funny argument. Especially when you consider that with ~900€ (600€ loan costs and 300€ rental income) you can’t manage a full financing in 3 years at all. The financing must therefore have been previously funded with equity; you can figure that out on a beer coaster – the cost of the loan cannot therefore be calculated/estimated with additional financing over 42k€. The question is – how much equity was there at the purchase of the apartment and how high are the loan costs?

BUT: In the meantime he carries the risk of the rental apartment (maintenance, laws, rent nomads, owners’ association)

I don’t want to overwhelm you, but exactly for this risk you get an interest. You can also say: rent. It either sufficiently covers the risk or it doesn’t.

There are certainly situations where all this makes sense... but that is rather the exception.

Nothing but tedious repetitions of the same general theses. I’m interested in whether the exception applies here or not. You don’t care – your prejudice stands.

As a layperson you can phrase it like this too, but that is not the standard of this forum.

Best regards Dirk Grafe

Counter question: why should I care about the rent/rent development if the apartment gains 50% in value within 3 years?

Of course, the figure is unrealistic, but it is only meant to illustrate that the rent alone is not the decisive criterion when selling. And yes – if you don’t look at it overall, you make yourself vulnerable or the statement that selling is definitely the right decision is – with all due respect – extremely unprofessional. This applies synonymously to the other points.

Regards
Dirk Grafe

I have already addressed exactly this circumstance in my first reply. I will allow myself to quote myself:

[…]Unless drastic value increases are expected in the future, but I can hardly imagine that for a one-room apartment.[…]

I kindly ask you to really read my posts and not interpret individual fragments.

We are obviously waiting in vain for the justification of why a (drastic) increase in value for 1-room apartments is excluded or unlikely. Especially since the OP has already presented what he believes to be the already occurred increase in value.

Or should we politely assume that the OP is lying?

Best regards
Dirk Grafe

We are obviously waiting in vain for the reasoning why a (drastic) increase in value for 1-room apartments is excluded or unlikely. Especially since the OP has already presented what he believes to be an already occurred increase in value.

Or should we politely assume that the OP is lying?

Regards
Dirk Grafe

*sigh* I'm slowly losing the desire to argue with you. I quote myself once again:

Yes, singles may make up the largest group of households. But even a single person does not like to live in just one room; most probably prefer a separate bedroom. This shrinks the circle of interested parties to students and employees with a secondary residence, who usually rent rather than buy. This means, in turn, for the owner of such a property, that he can actually only sell such an apartment as an "investment object," and there are simply no exorbitant increases in value to be expected since every "investor" then does the same calculation as the OP currently is.

The "already occurred increase in value" presented by the OP was only mentioned after my contributions. But you probably don't care about that either...

The mentioned increase in value (once again) renders your argument absurd. It would be nice if that finally sank in. Your previously stated argument is also internally contradictory, but that doesn't seem to occur to you at all.

*sigh* I'm slowly losing the desire to argue with you.

I was already at that state when I read your first posts. All the hairs on the back of my neck stand up because I am seriously shaken by how one can make such statements without even remotely knowing the subject or asking appropriate questions. The worst part is that at that point I already know where this is leading.

Unfortunately.

Best regards
Dirk Grafe

Hello,

we paid €42,000 plus additional costs in 2014. Currently, a similar apartment is being offered for €59,000.

JOhann

Offered unfortunately does not mean that it will also be sold at that price. If the asking price is not already exaggerated, a selling price of €50-55k is realistic.