Situation in the real estate market... madness

A clever parent told me:

"I don't want to be the richest person in the cemetery"

There are also definitely people who refuse this support on their own accord because they don't want anything given to them for free. I, for example, belong to this species. Either I manage it with my own two hands or not at all. My parents also received nothing for free, so they should treat themselves to a bit of luxury with their hard-earned and saved money. Of course, everyone can and should do as they please.

My parents received a lot of gifts from home, unfortunately I did not get any from them. I would have gladly taken something and will also give something to my children.

Somehow you guys are balabala. Very few have free choice of their place of residence. Often it is where you grew up, have family, or find a job. And yes, also where you can build a piece of home for yourself. The holiday area doesn't matter at all!?! Hey, I live where others go on vacation... Even an "ugly" area certainly has a few nice residential streets with infrastructure. You just have to open your eyes and not always lick wounds and look at the billionaires (as was called here)

I think you misunderstood me. I basically wanted to say: Every ugly area (like supposedly Duisburg within a 100km radius) also has its nice sides, and supposed paradises can also seem terribly boring. Generalizations are simply nonsense and usually show ignorance...

However, there are also people who reject this support on their own accord because they do not want anything given to them for free. I belong to this species, for example. Either I manage it with my own two hands or not. My parents also received nothing for free, so they should treat themselves to a bit of luxury with their hard-earned and saved money.

Of course, everyone can and should do as they please.

How heroic

There is absolutely no reason not to accept support from family.

No one has to be ashamed to accept gifts. Those who like to give do not feel appreciated if the gift is not accepted. If you don’t want to, even though you can, you make both unhappy

Of course, no one has to be ashamed of that, I haven’t judged anyone because of it.

Just talked to my parents yesterday. They didn’t really sound “unhappy”. I am currently doing great in my 110 sqm new-build rental apartment, where I live together with my wife for 7 €/sqm cold rent. Living cheaply in rent is also an excellent way to save up equity, especially with corresponding salaries. We are not in a hurry. Good things take time...

I am also currently doing great in my 110 sqm newly built rental apartment, where I live together with my wife for 7 €/sqm cold rent. Living cheaply in rent is also an excellent way to save equity, especially with corresponding salaries.

7 €/sqm per month * 110 sqm * 12 months = 9240 € rent per year. 9240 € annual loan installment corresponds, with 1% interest + 2% repayment, to a condominium worth 308,000 euros with the same monthly expense of 770 euros. In addition, while rent increases on one side, on the other side the value of the property increases. But hey... to each their own. I understand that this is all somewhat simplified, but under the current monetary policy conditions, it roughly works out, provided you don’t completely misjudge the situation. The ancillary purchase costs are recovered by the appreciation after 3-4 years.