3 ms·

Berlin, Munich and other big cities, where most of the tech jobs are, have had massive inflation over the last few years. There is a huge gap in terms of rents

by llampx 3y ago

Berlin, Munich and other big cities, where most of the tech jobs are, have had massive inflation over the last few years. There is a huge gap in terms of rents and mortgages between those who bought or signed a rental contract prior to 2021 and now. Meanwhile the strong CHF has led to Swiss inflation being somewhat lower. Kurzgesagt: German CoL is catching up but salaries remain behind.

FirmwareBurner 3y ago
>Berlin, Munich and other big cities Sure, but rents and property prices in Zurich and Geneva aren't low at all either. Quite the contrary. My friend in Geneva is feeling super broke. Salaries are high only at the companies of the top of the food chain where it overpowers the insane CoL. >Kurzgesagt: German CoL is catching up but salaries remain behind. Ha, Austria laughs at this. Lower salaries than Germany with higher prices than Germany. Someone shout BINGO.
thiago_fm 3y ago
Whoever said that in Germany people make enough are nuts. Let's suppose you have 2 kids. If you get a rental contract in Berlin Today, in 2023. The ideal space according to the government and known research is 30m2 per person, you'd need an apartment with 120m2. 120m2 apartments are like 2500 euros per month, more than half of your salary post-taxes. Tenants typically ask for rents to be 30% of your income, you'd have trouble finding an apartment. Here's why people also don't have kids in Germany, salaries are terrible. I've been living here in Berlin for almost 10 years. And only after 8 years I could have a decent life here, even making definitely above the market salaries. And by decent I mean, better than my third-world country. People won't be willing to move to Germany if they'll live in a shoebox and have no disposable income. They'd rather stay home where their parents, family and friends are, save money and speak their local language. And without Immigrants, given that Germans in general don't want to reproduce because they can't afford having kids, the country's population size will start decaying. This post-war mindset from a few people in Germany that people need to get paid just enough to buy Bread and live in a shared flat is what is sinking that country.
- FirmwareBurner 3y ago
  >Whoever said that in Germany people make enough are nuts. You make enough if you're some senior manager at Siemens, Bosch, Porsche, BMW, DHL, DB, Lufthansa, Infineon, big-pharma, etc. one of these companies who are Germany's FAANGs. If you're a low to mid-level IC, no.
  - thiago_fm 3y ago
    Nah, only real execs(director+) make good salary at those companies, rest are comparable to SWE ICs in scaleups.
    - FirmwareBurner 3y ago
      That's still very good money for German wages, also keep in mind that senior managers at those big wealthy German companies don't do shit all day while having a iron clad job security. Just send emails, drink coffee, have chats with other managers, then drive home, while ICs at scale-ups have a lot more work, stress and responsibility on their shoulders of keeping the ship afloat and the services running.
- 4gotunameagain 3y ago
  > 120m2 apartments are like 2500 euros per month That's only true if you want to live within the most popular areas of Berlin, within the ring and in fancy kiezs. There are many areas around that you can easily aford a 120m2 apartment, do not spread misinformation please. Sure, not everybody can raise a family in mitte or prenzlauer berg with a single salary. But that kinda makes sense, no ?
  - FirmwareBurner 3y ago
    >within the ring So within the city of Berlin lol
    - 4gotunameagain 3y ago

by llampx 3y ago

FirmwareBurner 3y ago

>Berlin, Munich and other big cities Sure, but rents and property prices in Zurich and Geneva aren't low at all either. Quite the contrary. My friend in Geneva is feeling super broke. Salaries are high only at the companies of the top of the food chain where it overpowers the insane CoL. >Kurzgesagt: German CoL is catching up but salaries remain behind. Ha, Austria laughs at this. Lower salaries than Germany with higher prices than Germany. Someone shout BINGO.

thiago_fm 3y ago

Whoever said that in Germany people make enough are nuts. Let's suppose you have 2 kids. If you get a rental contract in Berlin Today, in 2023. The ideal space according to the government and known research is 30m2 per person, you'd need an apartment with 120m2. 120m2 apartments are like 2500 euros per month, more than half of your salary post-taxes. Tenants typically ask for rents to be 30% of your income, you'd have trouble finding an apartment. Here's why people also don't have kids in Germany, salaries are terrible. I've been living here in Berlin for almost 10 years. And only after 8 years I could have a decent life here, even making definitely above the market salaries. And by decent I mean, better than my third-world country. People won't be willing to move to Germany if they'll live in a shoebox and have no disposable income. They'd rather stay home where their parents, family and friends are, save money and speak their local language. And without Immigrants, given that Germans in general don't want to reproduce because they can't afford having kids, the country's population size will start decaying. This post-war mindset from a few people in Germany that people need to get paid just enough to buy Bread and live in a shared flat is what is sinking that country.

FirmwareBurner 3y ago
>Whoever said that in Germany people make enough are nuts. You make enough if you're some senior manager at Siemens, Bosch, Porsche, BMW, DHL, DB, Lufthansa, Infineon, big-pharma, etc. one of these companies who are Germany's FAANGs. If you're a low to mid-level IC, no.
- thiago_fm 3y ago
  Nah, only real execs(director+) make good salary at those companies, rest are comparable to SWE ICs in scaleups.
  - FirmwareBurner 3y ago
    That's still very good money for German wages, also keep in mind that senior managers at those big wealthy German companies don't do shit all day while having a iron clad job security. Just send emails, drink coffee, have chats with other managers, then drive home, while ICs at scale-ups have a lot more work, stress and responsibility on their shoulders of keeping the ship afloat and the services running.
4gotunameagain 3y ago
> 120m2 apartments are like 2500 euros per month That's only true if you want to live within the most popular areas of Berlin, within the ring and in fancy kiezs. There are many areas around that you can easily aford a 120m2 apartment, do not spread misinformation please. Sure, not everybody can raise a family in mitte or prenzlauer berg with a single salary. But that kinda makes sense, no ?
- FirmwareBurner 3y ago
  >within the ring So within the city of Berlin lol
  - 4gotunameagain 3y ago