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"Residential properties usually have short term leases." Not true in Germany. Most leases are indefinite. As the contractual rent often increases by less than
by heisenbit 10y ago
"Residential properties usually have short term leases."
Not true in Germany. Most leases are indefinite. As the contractual rent often increases by less than the market there is some incentive to stay put. Also keep in mind that moving in Germany is an expensive proposition as the kitchen is usually not part of the deal.
- Spooky23 10y agoGermany has a different legal system and tradition. The probability of the US enacting indefinite leases is zero.
- arebop 10y ago1/3 of San Francisco apartments are effectively under indefinite lease.
- sosuke 10y agoIt's a different story in the US which makes hard to have a comparable conversation unless both parties have intimate knowledge of both environments. My rent in the US went up $100+ year after year, rent never goes down is the feeling you get and I've never seen or heard of it happening. You never invested anything into the property or building. Buying a home was freedom from that constant rising pressure, moving every 2-3 years to find another move in special and I can finally invest time and effort in my living space.