• A Worrisome Pileup of $100 Million Homes
    41 replies, posted
[QUOTE=wraithcat;50426007]Germany is incredibly cheap in terms of rent tbh. Even moreso with the average wages considered.[/QUOTE] That's a fair point. I probably have a somewhat skewed picture of the situation because I was mostly looking at student housing in an area with very low vacancy.
[QUOTE=wraithcat;50426007]Germany is incredibly cheap in terms of rent tbh. Even moreso with the average wages considered.[/QUOTE] How much is average rent in city? And outside city?
[QUOTE=wraithcat;50426007]Germany is incredibly cheap in terms of rent tbh. Even moreso with the average wages considered.[/QUOTE] The difference is that Germans have rent more or less "standardized" while in the US, you can find a nice apartment for $500/mo in a boring town when you'd be hard-pressed to find anything remotely livable under $2000/mo in big cities. It's all over the place.
[QUOTE=Snowmew;50465207]The difference is that Germans have rent more or less "standardized" while in the US, you can find a nice apartment for $500/mo in a boring town when you'd be hard-pressed to find anything remotely livable under $2000/mo in big cities. It's all over the place.[/QUOTE] Wait the last tine I checked while I stayed there, the difference between Munchen and Dresden was of 500 € !! There was a farm house being sold in an northern ex ddr area with 16 rooms, renovated for 500k. Thats fucking insane. Its the price of a department in Palermo with 2 rooms, one kitchen and one living room.
[QUOTE=Fourier;50461358]How much is average rent in city? And outside city?[/QUOTE] I'm actually curious too. [URL="http://www.spiegel.de/wirtschaft/soziales/mietpreise-in-deutschland-wohnen-in-muenchen-ist-am-teuersten-a-951431.html"]This article here has charts[/URL], so for the most expensive city it's around 10€/m², but quickly drops off towards the average of 6.21€/m² in 2013. This also confirms student housing isn't representative whatsoever, considering how much I paid for a partially state-funded 17m² flat.
[QUOTE=Cutthecrap;50465716]Wait the last tine I checked while I stayed there, the difference between Munchen and Dresden was of 500 € !! There was a farm house being sold in an northern ex ddr area with 16 rooms, renovated for 500k. Thats fucking insane. Its the price of a department in Palermo with 2 rooms, one kitchen and one living room.[/QUOTE] The point is that the rent per square foot is $3-4/mo in cities, where you could get the same amenities in a small town for $0.50-1/mo. (And those are average rents, so in a big city with a ton of old infrastructure, it's weighted down by a lot of really crappy apartments.) It's just that while you'd be paying 5x more for rent in a city, you would probably be hardly making 2x more in your income. It's extremely difficult to live minimum wage in any big city in the US whereas you could live in a small town very comfortably, to the same extent that you could live in Germany very comfortably.
House prices are getting incredibly expensive lately and I don't understand why. Why in gods name would you think people would pay 800-1200 a month and.. not eat or do anything for the rest of it? Or buy a god damn house worth.. what? 300000$ that is not even worth half of that just because of how shit it is. I swear to god, if this continues, I'm going to build my own god damn house somewhere far away from this shit.
I'm contemplating buying a van and just living on the road, fed up of my working life being about saving to buy a home I cant afford and saving for a pension I will never get to access. I work a pretty decent job also, earning £25000 a year currently will be raising to £30000 shortly, I still cant afford a basic 1 bed room flat in heroin town near to where I live.
[QUOTE=ThePunisher1;50470551]I'm contemplating buying a van and just living on the road, fed up of my working life being about saving to buy a home I cant afford and saving for a pension I will never get to access. I work a pretty decent job also, earning £25000 a year currently will be raising to £30000 shortly, I still cant afford a basic 1 bed room flat in heroin town near to where I live.[/QUOTE] This is my original idea too + van is portable and you can travel anywhere you want. Just... washing clothes and hygiene ... is impossible.
[QUOTE=Fourier;50470597]This is my original idea too + van is portable and you can travel anywhere you want. Just... washing clothes and hygiene ... is impossible.[/QUOTE] Launderette and a gym membership would go a long way in this instance.
Honestly if they're so hard to sell, why not turn them into some sort of apt complex or just rent out some of the rooms. Its a massive waste.
[QUOTE=LoneWolf_Recon;50471273]Honestly if they're so hard to sell, why not turn them into some sort of apt complex or just rent out some of the rooms. Its a massive waste.[/QUOTE] Who says they aren't already rented out?
Sorry, you need to Log In to post a reply to this thread.