3 ms·
>I want to get a bigger house but it feels like I’m getting priced out of the market right now. LOL, come to Germany where you're by default priced out of buyi
by ChuckNorris89 6y ago
>I want to get a bigger house but it feels like I’m getting priced out of the market right now.
LOL, come to Germany where you're by default priced out of buying any house period unless you get some sizable assistance from the bank of mom and dad.
>Everyone I know got a down payment from their parents. Is this normal?
It's normal if you've won the lottery of birth. If not, then, as someone else here said it, "get richer parents".
- tosswayaway 6y agoIf there’s any Daddy Warbucks out there that wants to adopt a 30 year old son, please let me know.
- hiram112 6y agoThis is depressing. For the last 15 years or so, when housing prices started accelerating rapidly in most of Anglosphere and much of the developed world, Germany was always touted as a country with sane and stable prices (with the exception of Munich, I remember). Then after the housing crash, things began to recover, and I'd heard Germany was still affordable, with the exception now of Berlin and Frankfurt, which were rising quickly. But now I imagine all areas, even cities without a lot of tech and finance to push up prices, are becoming unaffordable to 80% of the millennial generation looking to buy their first home. Even in once low cost areas in former East Germany Same thing is happening to once affordable 2nd and even 3rd tier cities in the US. Homes in my very low cost origin city in the Midwest are up almost 50% in just 7 years or so, and half that increase in the last year. And unlike cities where land is tight, there are farm fields in every direction, so unlimited room to grow. But something (lack of supply, money printing, immigration, low interest rates, massive price collusion, who knows?) is putting insane pressure on prices.