Have bought a townhouse 11 years ago (Hesse) before prices went through the roof. Value has recently almost tripled (although slightly declining), more extensive issues (heating, roof, etc.) are spread more widely by the owners- community. Costs about the same as rent, but well before retirement the cottage is ours. What I find but really scary, which couples have tied in recent years here houses for 500k or significantly above on the hoes. At the latest with the post-financing here a lot of dreams will burst :-(
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@MCS_1983 I know enough people there, too. As a rule, the promised building plots, for example, are then simply returned and it remains with a smaller apartment.
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@Epi In any case, nothing good. Either over-indebtedness or finding a compromise via a smaller rental apartment.
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@Epi I'm almost certain that this will be a major issue. Where the affordable housing is to come from so quickly will have to be seen. Our government certainly has that under control and already what sensible in the drawer😂. In my opinion, the banks also bear a massive share of the blame here for the families/individuals. What there for sums were given out without hedging, some really grossly unreasonable.
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@MCS_1983 But seriously: what happens then, especially if there are no small rental apartments? Maybe the families just stay in their houses and the banks write off part of the loan and shift it to the ECB. The ECB keeps interest rates low and drives up inflation, so that the tenants, in particular, pay the debts with monetary capital via devaluation?
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@Epi a very good question, would also interest me very much
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1Yr
@MCS_1983 I don't understand it either. When I think about how far people get into debt, I get goose bumps! We are also home owners. Our follow-up financing is since the beginning of the year save. We bought 10 years ago. At a good interest rate. When the ECB announced the first increases, I immediately consulted with the bank. The last years we have a better interest rate as the 10 years before. Our plan worked and we are a good 10-15 years before retirement through. We live in Saarland and here the prices are now rising immeasurably. With our neighbors, the Palatinate it is even worse. There the Luxemburger make the prices kaputt.
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@Epi We will see where it still goes. Currently in the direction of the Stone Age. I would have said, as in the past, back to the campfire. But even that will soon be forbidden......armes Germany!
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