soneva2012
2021-06-06 14:21:48
- #1
For many who do not live in BY, it is probably hard to understand why one would even consider something like this. "House rich, life poor" - but where does one spend most of their time?
Just because you have an expensive house doesn’t mean you can’t live reasonably. We are also south of Munich and have some friends who live in 1m plus houses. They (and we too) buy fruits and vegetables at Aldi (meat comes from the butcher or directly from the farmer – for the sake of the environment one shouldn’t eat too much of it anyway). Children’s clothes and sports equipment are bought secondhand at the KiGa bazaar and toys on Ebay Kleinanzeigen. You don’t have to buy everything this way, but it makes a difference. The weekend is spent in the mountains or at the lake. It is a nice life indeed.
We were lucky to buy our semi-detached house 6 years ago. 600T for 180sqm on a 270sqm plot, centrally located. We recently sold it within 2 weeks for 180% of the purchase price (including incidental construction costs and special requests), as we are building again. Among the interested parties were several families who want to move out of Munich, as well as high earners who already live in our city and have not found anything suitable after 2 to 3 years of searching. We sold it to an investor – handover at the beginning of 2023 with a partial payment and we are allowed to stay rent-free until then. That’s the market today – how are regular families with 2 children supposed to compete? You don’t only compete with families who want a house, but also with investors who then rent out the house for 2,500 EUR cold. It won’t get cheaper and if you wait longer, the train will eventually have left the station. I don’t believe prices will increase as much as they did in recent years, but they definitely won’t go down.
I also often think about our children – how are they supposed to afford anything if they want to stay in their homeland? Having money in the bank is worthless these days – you now have to pay interest starting at 50K in the account. For me personally, I prefer to invest in a house that I and my family can enjoy for years. Afterwards, I’ll buy something smaller so that the children have a good start in life with the capital.
You have to make the right decision for you and your family but I completely understand why someone does something like this.
Just because you have an expensive house doesn’t mean you can’t live reasonably. We are also south of Munich and have some friends who live in 1m plus houses. They (and we too) buy fruits and vegetables at Aldi (meat comes from the butcher or directly from the farmer – for the sake of the environment one shouldn’t eat too much of it anyway). Children’s clothes and sports equipment are bought secondhand at the KiGa bazaar and toys on Ebay Kleinanzeigen. You don’t have to buy everything this way, but it makes a difference. The weekend is spent in the mountains or at the lake. It is a nice life indeed.
We were lucky to buy our semi-detached house 6 years ago. 600T for 180sqm on a 270sqm plot, centrally located. We recently sold it within 2 weeks for 180% of the purchase price (including incidental construction costs and special requests), as we are building again. Among the interested parties were several families who want to move out of Munich, as well as high earners who already live in our city and have not found anything suitable after 2 to 3 years of searching. We sold it to an investor – handover at the beginning of 2023 with a partial payment and we are allowed to stay rent-free until then. That’s the market today – how are regular families with 2 children supposed to compete? You don’t only compete with families who want a house, but also with investors who then rent out the house for 2,500 EUR cold. It won’t get cheaper and if you wait longer, the train will eventually have left the station. I don’t believe prices will increase as much as they did in recent years, but they definitely won’t go down.
I also often think about our children – how are they supposed to afford anything if they want to stay in their homeland? Having money in the bank is worthless these days – you now have to pay interest starting at 50K in the account. For me personally, I prefer to invest in a house that I and my family can enjoy for years. Afterwards, I’ll buy something smaller so that the children have a good start in life with the capital.
You have to make the right decision for you and your family but I completely understand why someone does something like this.