I prefer $DGE 's J&B but no matter, the alcohol market is probably almost as safe as the real estate market 😂
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@justusmerkel258 I will also add it to my portfolio if the price falls a little ☺️. I wouldn't describe the real estate market as safe. But you can drink to celebrate, out of frustration or to drown your sorrows because you've lost your property 😂.
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•@BamBamInvest why is the real estate market not safe? (I am still quite new to the subject)
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@justusmerkel258 safe is a broad term, high interest rates are usually not a blessing for the real estate industry. Look at how prices have fallen for all Reit's due to high interest rates. The topic is too broad to explain in a few sentences. But if the interest rate cuts do not come as quickly as announced in the US, they will continue to be under pressure, and we also do not yet know the global effects. In Austria, for example, this sector has slumped very sharply and from what I hear from people who work in this sector, nothing is happening at the moment. Many have bought higher and don't want to sell, some have built and can't get rid of it because they are not being paid what they want. Many are insolvent due to coronavirus and high interest rates. Banks are not executing as long as the installments can only be paid somehow, because they don't want to have the real estate portfolio on their books. Etc.
For many private individuals, it is the financing that is failing. KIM-V Austria (min. 20% own funds / max. 35 years term / monthly installment max. 40% household income) -> is not feasible for many and the acceptance guidelines are stricter -> relaxation but in prospect
Buying and renting is not attractive enough at this interest rate (you get similar returns more easily, more flexibly) etc.
Inform yourself and you will see what I mean, I think in Germany the situation is probably similar, many vacant properties. (But I'm not a specialist in this area either and don't want to invest there either) - apart from buying property for my own use and living there myself. Lg
For many private individuals, it is the financing that is failing. KIM-V Austria (min. 20% own funds / max. 35 years term / monthly installment max. 40% household income) -> is not feasible for many and the acceptance guidelines are stricter -> relaxation but in prospect
Buying and renting is not attractive enough at this interest rate (you get similar returns more easily, more flexibly) etc.
Inform yourself and you will see what I mean, I think in Germany the situation is probably similar, many vacant properties. (But I'm not a specialist in this area either and don't want to invest there either) - apart from buying property for my own use and living there myself. Lg
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@BamBamInvest thank you for making the effort🫶it helped me a lot to understand it better
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•@justusmerkel258 very gladly, but there are certainly people who are more into the subject. Lg
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•@BamBamInvest very briefly, if I ever have someone helpful on the line, how can you react to comments etc. on getquin, i.e. how do people put these emojis there? 🆘 for example? I actually thought I knew my way around technically😂
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•@justusmerkel258 below the comment at like, if you stay on it you can choose different emojis. If that's what you mean . ☺️
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•@justusmerkel258 nothing to thank 😂
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