German anons, why don't you buy apartments

[Anonymous No.12550524]

I moved here from Scandinavia in 2014 and bought an apartment for like 1/3 of the square meter price back home.Now germans complaing about muh high rent increase while I get lower interest every month paying of the mortgage while your rent is rising with 10-15% per year and increasing

How could you not have seen that cities like Berlin and Frankfurt had such and undeveloped housing market compared to the rest of Europe, while you are such a big economy?

[Anonymous No.12550891]

Its not underdeveloped you pleb fag. It is simply more reasonably priced.

[Anonymous No.12550906]

>>12550524
Dude, I'm 20, okay? I barely had enough money for 10k LINK tokens. Let me finish my education, try some business ventures and bet on Sergey, then I'll look at real estate.

[Anonymous No.12550944]

>>12550524
how old are you annon ?

[Anonymous No.12550946]

>>12550944
33 yo boomer reporting in, worked as developer since 2007

[Anonymous No.12551713]

because I'm trying to get out of this shithole

[Anonymous No.12551772]

nobody wants to live in filthy berlin, munich should be the capital

[Anonymous No.12552294]

>>12550524
What about the upcoming "civil war" in Western Europe?

[Anonymous No.12552418]

>>12550524
I'm not investing in sinking ships anon.

[Anonymous No.12552763]

Isn't rent in Berlin regulated?

[Anonymous No.12552859]

>>12550524
Because german people don't buy apartments muhamad. They buy houses including huge gardens. Apartments are kebab/scandofag tier

[Anonymous No.12552947]

>>12551713
where are you going retard?

[Anonymous No.12552976]

>>12550524

My wife's family owns a condo in Vienna, if it's anything like that in Germany, then it's shit tier investment.

As a primary residence, it would be ok (except for the fact it's over 200 years old, is this a closet? lol no just the toilet added 100 years ago), but with rent....oh god, rent control, lease length controls, rent increase controls....basically impossible to run it profitably.... so whenever her mom leaves for the countryside we'll probably just leave it empty.

Good job commies.

[Anonymous No.12552978]

>%randomCountryName% anons, why don't you just stop being poor? I moved here from Switzerland/Arab Emirates/Luxembourg and bought half the country for like 1/1000 of the square meter price back home. Bla-bla-blabbity-bla-bla, look how fucking successful i am trolling you on Bhutanese underwater 25D chess forum on Friday night, yada yada just b urself, learn Python give a firm handshake to get 300k starting job and stop being poor.

[Anonymous No.12553593]

you can give it to your wife's son one day
then again one should put ones money to better use than buying old houses someone else built 200 years ago and renting them out to poor students.
Who knows maybe I will buy her bags in the next crash.

[Anonymous No.12553641]

>>12550524
You again?
You put this thread up like 2 times in the last 30 days?

Real estate will be a prime target for tax increases once shit hits the fan. Real estate can not hide or run away... so you're more or less helpless. Also, this will be backed by a broad consensus since the majority of people here rent anyway.
Property taxes currently are pretty low and they will increase them for sure.. and most likely they will make laws so that they can't be passed on directly to the renters.

Also soon we will get "no go areas" in cities and investors in German real estate have not priced this in because seriously bad areas and ethnic areas were more or less unknown here so they don't know what's in the cards. You can already see this in supermarkets and small shops all getting security guards in some areas which only has been a thing since 2012 or so. I had never really seen this before. Of course, real estate could continue to rise but imho only if ECB loses their monetary policy even more and it would be inflation and income driven and your gains would be more nominal and not in actual purchasing power.
The supply side is increasing as well and many projects that had been started 3-4 years ago are coming online and balance the market forces more evenly. From my perspective the biggest driver were the million fugees that suddenly came in 2015/16 which caused a cascading multiplier effect in the market since suddenly all of the 3-5% of apartments which are always empty were occupied and especially the low end of the market was hit hard, since government sucked up all the supply for the fugees so that normal people had to move up the market and compete ferociously for a bunch of shitty average tier apartments.

[Anonymous No.12553689]

>>12553641
German Finance ministry even hired some people from BCG which wrote articles more or less advocating restructuring government debt via taking the equity of savers and real estate owners.

https://www.bcg.com/documents/file87307.pdf

https://lobbypedia.de/wiki/Levin_Holle

https://homment.com/BCG-Enteignung

[Anonymous No.12553744]

>>12553689
Of course, the will not call this "confiscation" but rather a reformation of property tax.

Many homes were more or less tax-free in the US 15 years ago. Today they cost just $ 10,000 per year in property taxes.
Just check tax histories on Zillow.com. Who believes the new property tax will be 300€ per year and similar to the old is beyond help.
The big whining will come when people have to pay € 5000 property tax per year. And then if interest rates are going up a bit it will probably get tight for many.

[Anonymous No.12553841]

>>12553641
yes it is probably the same danish fag posting this
berlin ruled by the green and communist is wanting to expropriate properties lol.

but if you think about it germany was just occupied to get those marshall plan gainz out of it. will see how that investment plays out when there are fewer and fewer germans living there lol.