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> You think teenagers are thinking about pensions... If they are they are probably already having mental issues because that's not something someone pre 20s sho

> You think teenagers are thinking about pensions... If they are they are probably already having mental issues because that's not something someone pre 20s should be concerned about. This is happening, based on my own experience. I am 22, I have a safe job with an above average salary but I still cannot find an apartment with my partner. I can’t imagine affording my own place with the current prices, especially not at the age my parents were able to. And all of that concerns are completely ignoring the current price hikes which make everything even worse. For as long as I can remember teachers and my parents told me that the pension system won’t be able to support my generation. Everybody my age who can afford to does not expect any substantial pension payments and tries to support the own future by own investments (which is pretty hard when you pay +400€/mo into the mandatory public pension) The situation is even worse for people with lower incomes. This is not projection. Admittedly, this is my experience. But I know many many people who had similar experiences when they first entered the workforce.

burntoutfire 4y ago
> I have a safe job with an above average salary but I still cannot find an apartment with my partner. Do you have an above average salary for the region you're looking for the apartment in? If so, then who's getting those apartments, if the majority of people cannot afford them? Is this a special case like SF where there's just not enough apartments being built for the size of population?
- Xelbair 4y ago
  Over here they are mostly bought up as an investment, usually before they are even officially sold.
- moooo99 4y ago
  > Do you have an above average salary for the region you're looking for the apartment in? Yes, the salary seems to only be part of the issue. Some of the landlords seemed to be slightly offended that a young person makes so much money. Other landlords were searching for long term tenants and did not believe that a young couple was looking to settle down for long enough. > If so, then who's getting those apartments, if the majority of people cannot afford them? The supply is super limited. Judging by the rejections I received the landlords are primarily looking for well off young families which the seem to find without a problem. One landlord told me that she received 120 messages within 48h, she basically can choose whoever she wants. > Is this a special case like SF where there's just not enough apartments being built for the size of population? This is generally the case all over (west-) Germany. In more rural areas and small towns there is basically no rental market, but purchasing is still unaffordable for most. In my hometown (rural with average income) land prices more than doubled in the last 10 years. So many young people choose to move to the next city. In my target city, the cheapest apartments I could find for purchase were around 400k€ from 70s to 90s, new construction was usually well above 500k. Rental prices are equally absurd.

burntoutfire 4y ago

> I have a safe job with an above average salary but I still cannot find an apartment with my partner. Do you have an above average salary for the region you're looking for the apartment in? If so, then who's getting those apartments, if the majority of people cannot afford them? Is this a special case like SF where there's just not enough apartments being built for the size of population?

Xelbair 4y ago
Over here they are mostly bought up as an investment, usually before they are even officially sold.
moooo99 4y ago
> Do you have an above average salary for the region you're looking for the apartment in? Yes, the salary seems to only be part of the issue. Some of the landlords seemed to be slightly offended that a young person makes so much money. Other landlords were searching for long term tenants and did not believe that a young couple was looking to settle down for long enough. > If so, then who's getting those apartments, if the majority of people cannot afford them? The supply is super limited. Judging by the rejections I received the landlords are primarily looking for well off young families which the seem to find without a problem. One landlord told me that she received 120 messages within 48h, she basically can choose whoever she wants. > Is this a special case like SF where there's just not enough apartments being built for the size of population? This is generally the case all over (west-) Germany. In more rural areas and small towns there is basically no rental market, but purchasing is still unaffordable for most. In my hometown (rural with average income) land prices more than doubled in the last 10 years. So many young people choose to move to the next city. In my target city, the cheapest apartments I could find for purchase were around 400k€ from 70s to 90s, new construction was usually well above 500k. Rental prices are equally absurd.