2Yr
Thank you for your comments. For myself, there are other parameters, which is why I am currently not buying a property for my own use. Stuttgart has a very fragile real estate market, because overheated and risky in terms of prospects. Here everything depends on Daimler & Bosch and Bosch in turn also on Daimler. Every third or fourth company works with them. If Daimler misses the boat in the next few years, there could be a second Ruhrpott here. That's why I rent myself and buy small apartments for rent in areas that are less risky in my opinion and rent them out - and have little outside capital at the start.
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@fcsp sounds understandable. Thanks for sharing and good luck with the rental!
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•2Yr
@DonkeyInvestor thank you.
I'm lucky enough to be able to see the asking prices as well as the selling prices (SaaS in the real estate sector). Due to rising interest rates and the emerging buyer's market, you can currently get real estate very cheaply with a lot of equity. The price discount has not been as high as it is at the moment for a long time.
I'm lucky enough to be able to see the asking prices as well as the selling prices (SaaS in the real estate sector). Due to rising interest rates and the emerging buyer's market, you can currently get real estate very cheaply with a lot of equity. The price discount has not been as high as it is at the moment for a long time.
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@fcsp That sounds great. I have a lot of equity. I think I'll wait a few more years. That always takes a while. Or what's your assessment?
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2Yr
@DonkeyInvestor that is too general. It also depends on the region. A lot can still happen over the next few years - also due to the increase in remote working.
If you can currently buy a property with a lot of equity at a good price, why not? Nobody can look into the future. A lot is a crystal ball. I certainly won't be buying anything with a relatively large amount of equity.
If I were to buy a house with 20% equity, I would quickly be paying 3-4k/month.
I'm renting the same property for 1.5-1.7k cold.
And the 6 rooms I need for 20 years are 2-3 too many. And who knows how quickly standards will develop by then.
To answer your question without recommending anything.
If I had 500k EK right now, I would buy a new build 30km away in the suburbs of a conurbation that has good self-sufficiency - geothermal energy, for example.
If you can currently buy a property with a lot of equity at a good price, why not? Nobody can look into the future. A lot is a crystal ball. I certainly won't be buying anything with a relatively large amount of equity.
If I were to buy a house with 20% equity, I would quickly be paying 3-4k/month.
I'm renting the same property for 1.5-1.7k cold.
And the 6 rooms I need for 20 years are 2-3 too many. And who knows how quickly standards will develop by then.
To answer your question without recommending anything.
If I had 500k EK right now, I would buy a new build 30km away in the suburbs of a conurbation that has good self-sufficiency - geothermal energy, for example.
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•@fcsp Thank you for your assessment. Exciting, what you have just summarized is - in more detail - the content of part 2 😅
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•2Yr
@DonkeyInvestor I will read the second part 😉
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