Supply? Like the thousands of vacant crumbling homes in Germany's most expensive city, Hamburg, that are essentially held by investors for the appreciation of l

Supply? Like the thousands of vacant crumbling homes in Germany's most expensive city, Hamburg, that are essentially held by investors for the appreciation of land value alone? Look, I know the economics. I don't like them. Fundamentally. Housing shouldn't be owned, at least not at scale. My comment was mostly to point how how asinine your "if you are persistent you can do it" point is, being that both rent and morgages are skyrocketing. My rent got raised by 14 percent (it's coupled to inflation, that used to be a better deal) and you'd need about 200k/yr (pre-tax) household income right now to even get approved for a morgage here. It's essentially impossible for a working class person, unless you're on the top few percent of (labor based) income. And those people tend to have substantial capital too. Tech salaries don't scale this far here.