4 ms·

Housing situation in Germany for anyone born after 1980 is so fucked.

by durnygbur 6y ago

hef19898 6y ago
Depends where you live, I guess. Gentrification is a problem, so, I agree.
- durnygbur 6y ago
  It doesn't matter where you live. The jobs are in Munich, Berlin, Wolfsburg, etc.
  - hef19898 6y ago
    And a job in these cities usually pays the rent. Unless, of course, you work blue collar at smaller companies. Or are a long time resident. Then it sucks. That being said, I'd say the situation sucks especially for older folks not owning their apartments. The generally higher educated post 1980 generation has it comparatively good. I just take issue with such general blatant statements, things are never that simple.
    - nicbou 6y ago
      It's the jobs that support the locals that don't pay enough. While the skilled workers might be able to afford the local rent, other residents progressively get pushed out.
      - hef19898 6y ago
        Couldn't agree more. Being one of the skilled workers, I hate that development. That's why I also think the rent cap being overturned is a bad idea.
kuu 6y ago
Housing situation in Germany is so fucked Housing situation in London is so fucked Housing situation in Spain is so fucked Housing situation in Canada is so fucked .... I'm not an expert, but I see a pattern there...
- mjevans 6y ago
  Add the USA to that list. Housing needs to not be an investment.
- avh02 6y ago
  I used to live in Dubai - i got there at almost peak rent/real estate... I look at rents now, and they're just under half what i was paying. Sometimes tides turn the other way too.
  - durnygbur 6y ago
    I would prefer location where my chance to find female mate is greater than 0, and where I will not be on the hook for saying, writing, or doing something trivial and then persecuted under pretext of consuming alcohol.
    - avh02 6y ago
      That's a completely different story - and there are obviously many reasons I left Dubai. But Dubai is not _entirely_ that repressed (believe it or not, you may date someone. (but technically, no sex outside marriage - didn't know anyone caught on that one though)). There were many caveats and "watch outs" for sure - the _general_ rule was "don't be a stupid drunk", "don't publicly insult anyone", "no overt PDA in public" and you were fine. Obviously that's not to everyone's taste and wasn't always uniformly applied.
  - romanovcode 6y ago
    Yeah but who wants to live in Dubai anyway. The only reason to be there is to not pay income tax.
unixhero 6y ago
Yup, same in my country. I was able to buy a home recently, but my method of accumulating capital enough is just about mission impossible for normal peeps. It is really unfair. Government regulation and control of housing prices is the solution.
- Darmody 6y ago
  If it is the solution, why doesn't it work wherever they have tried?
  - qayxc 6y ago
    Because people are good at gaming the system.
    - Darmody 6y ago
      What about investors not wanting to invest a single cent into building new estate because it is not economically viable anymore? Is that gaming the system?
      - qayxc 6y ago
        "Economically viable" must not be confused with "extremely profitable". Housing is economically viable as soon as revenue is positive in the mid- to long term. Extremely profitable on the other hand is much more attractive to investors than economically viable. It promises short term ROI with great revenue and very low risk in overheated markets. There's a balance to be struck here and thinking in extremes just isn't helpful. And yes, I do consider buying up land and just letting it sit there until housing crisis becomes severe enough that developing luxury housing becomes profitable to be gaming the system. It's funny how quick investors are to complain about something not being economically viable and praising the free market and its power to innovate, while at the same the cost of developing houses goes up and up and up. Where's the innovation there? How come a portable supercomputer can be bought brand new for the equivalent of a day's worth of work today, while at the same time fewer and fewer people can afford to own a home? Why hasn't the increasing demand for affordable housing spurred innovation in that sector and why is nobody even asking that question?
amelius 6y ago
It's like joining a game of Monopoly after a few rounds have already been played.
- llampx 6y ago
  EXACTLY. This is how I feel as a millennial who hasn't started on the ground floor and doesn't have rich parents who did.
taurath 6y ago
Housing in all winner-take-all cities are fucked. Here's hoping remote work can start to really spread things around with intentional communities trying to bring specific types of people together.
amelius 6y ago
Yes. Since we have two levels of living costs, we should have two numbers of inflation! :) This makes me wonder: is inflation calculated based on averages or based on medians?

Housing situation in Germany for anyone born after 1980 is so fucked.

hef19898 6y ago

Depends where you live, I guess. Gentrification is a problem, so, I agree.

durnygbur 6y ago
It doesn't matter where you live. The jobs are in Munich, Berlin, Wolfsburg, etc.
- hef19898 6y ago
  And a job in these cities usually pays the rent. Unless, of course, you work blue collar at smaller companies. Or are a long time resident. Then it sucks. That being said, I'd say the situation sucks especially for older folks not owning their apartments. The generally higher educated post 1980 generation has it comparatively good. I just take issue with such general blatant statements, things are never that simple.
  - nicbou 6y ago
    It's the jobs that support the locals that don't pay enough. While the skilled workers might be able to afford the local rent, other residents progressively get pushed out.
    - hef19898 6y ago
      Couldn't agree more. Being one of the skilled workers, I hate that development. That's why I also think the rent cap being overturned is a bad idea.

kuu 6y ago

Housing situation in Germany is so fucked Housing situation in London is so fucked Housing situation in Spain is so fucked Housing situation in Canada is so fucked .... I'm not an expert, but I see a pattern there...

mjevans 6y ago
Add the USA to that list. Housing needs to not be an investment.
avh02 6y ago
I used to live in Dubai - i got there at almost peak rent/real estate... I look at rents now, and they're just under half what i was paying. Sometimes tides turn the other way too.
- durnygbur 6y ago
  I would prefer location where my chance to find female mate is greater than 0, and where I will not be on the hook for saying, writing, or doing something trivial and then persecuted under pretext of consuming alcohol.
  - avh02 6y ago
    That's a completely different story - and there are obviously many reasons I left Dubai. But Dubai is not _entirely_ that repressed (believe it or not, you may date someone. (but technically, no sex outside marriage - didn't know anyone caught on that one though)). There were many caveats and "watch outs" for sure - the _general_ rule was "don't be a stupid drunk", "don't publicly insult anyone", "no overt PDA in public" and you were fine. Obviously that's not to everyone's taste and wasn't always uniformly applied.
- romanovcode 6y ago
  Yeah but who wants to live in Dubai anyway. The only reason to be there is to not pay income tax.

unixhero 6y ago

Yup, same in my country. I was able to buy a home recently, but my method of accumulating capital enough is just about mission impossible for normal peeps. It is really unfair. Government regulation and control of housing prices is the solution.

Darmody 6y ago
If it is the solution, why doesn't it work wherever they have tried?
- qayxc 6y ago
  Because people are good at gaming the system.
  - Darmody 6y ago
    What about investors not wanting to invest a single cent into building new estate because it is not economically viable anymore? Is that gaming the system?
    - qayxc 6y ago
      "Economically viable" must not be confused with "extremely profitable". Housing is economically viable as soon as revenue is positive in the mid- to long term. Extremely profitable on the other hand is much more attractive to investors than economically viable. It promises short term ROI with great revenue and very low risk in overheated markets. There's a balance to be struck here and thinking in extremes just isn't helpful. And yes, I do consider buying up land and just letting it sit there until housing crisis becomes severe enough that developing luxury housing becomes profitable to be gaming the system. It's funny how quick investors are to complain about something not being economically viable and praising the free market and its power to innovate, while at the same the cost of developing houses goes up and up and up. Where's the innovation there? How come a portable supercomputer can be bought brand new for the equivalent of a day's worth of work today, while at the same time fewer and fewer people can afford to own a home? Why hasn't the increasing demand for affordable housing spurred innovation in that sector and why is nobody even asking that question?

amelius 6y ago

It's like joining a game of Monopoly after a few rounds have already been played.

llampx 6y ago
EXACTLY. This is how I feel as a millennial who hasn't started on the ground floor and doesn't have rich parents who did.

taurath 6y ago

Housing in all winner-take-all cities are fucked. Here's hoping remote work can start to really spread things around with intentional communities trying to bring specific types of people together.

amelius 6y ago

Yes. Since we have two levels of living costs, we should have two numbers of inflation! :) This makes me wonder: is inflation calculated based on averages or based on medians?