4 ms·
Inflation and rich people buying asset class drives everything up
by hello_moto 10mo ago
Inflation and rich people buying asset class drives everything up
- zwnow 10mo agoIll just live for rent and let landlords leech my hard earned money. Gives me freedom to leave whenever I feel like it... I am already 30, wont have a good start capital at 40 and I for sure wont buy a house that late in life.
- f1shy 10mo agoHow much do you wxpend wvery year on vacation and “going out“ I know plenty of people in germany who repeat continuously that stance, and they recognize they spend well over 10k/year in vacacions.
- zwnow 10mo agoIll fly to Japan next year. First foreign country vacation in 14 years. Estimated costs 3-4k. I go to concerts every few months so I spend a few hundred bucks there. Other than that most of my money goes into rent and food. I have some somewhat expensive contracts though. 50€ phone, 50€ internet. Going out is living life though, I wont reduce my quality of life for decades just so I can afford a house. But in short, I do barely spend money on vacations.
- f1shy 10mo agoYou are certainly not the type I am referring to. Even if you cut all that, will not help a lot. Anayway my story: never ever sid vacation abroad.Vacation outside my home only every 2 or 3 years. Never eat out. I have no idea how is it to go to a concert. No expensive hobbies. When I was 40 all of that provided 40k for a down payment. I do not regret it.
- zwnow 10mo agoI can manage to save 500-1000€ per month. For me the biggest issue is just the general pricing. Maybe its emotional too, but I have fond memories of my family house when I was a kid and I dont want to buy comparatively a bungalow for quadruple the price.
- f1shy 10mo agoTBH, if the german economy keeps in this track, at some point the prices will go down... the problem is at that point everything will go down.