Got myself a 4 person tent and it only cost me 4999€, a kidney, the soul of my firstborn and my mother. You have to admit that it was a real Schnapperle
NO SHIT! Im buying land and ill build my own damn house. Then some pos cop will probably find it and say, “bet there were no building permits or zoned for a house”, n they’ll come kick me out and demolish the house for “safety” meanwhile the houses from the 40s down the way are collapsing and noone cares. Imma dig a really deep hole and live in that
It’s crazy because my parents bought their first house when they were 27-28 years old. They also had two cars. It was 35 years ago. Nowadays, 27-28 year-olds can’t even afford to rent a small apartment in the city because it’s just too expensive. And forget about owning a car.
We bought in 2018, I was 30, my wife 29. We had 2 cars too, old ones but yea. The house is 120 years old, we still spend a lot of time on it to renovate everything. We had no inheritance or whatever, just a couple of Euros if savings, just worth the fees and taxes. We have normal to good jobs, my wife works part time since we moved in because we became parents. So yea it is not impossible, but requires dedication and lots of work. Middle of the Rhein-Main-Area btw so not somewhere in the countryside.
@@rockstardonut777 in my case I meant the literal work on the house. We wouldn't be able to buy land and let a company built a house. Or let a company renovate an old house. So we do 95 % on our own. Piping, heating, laying screed and tiles, changing windows, insulate the walls and whatnot. I was a novice in those fields when we started. All besides a full-time job and raising 2 kids. And that is hard work not everybody is willing or able to do.
@@Kuliwa 2018 was a different time, although it's not long ago. Covid and the war in Ukraine really did a number on the housing market. I am happy to know that it's still possible to own a house in your late 20's, but it isn't the case for most people. In my country (Denmark) you are required to pay at least 5% up front, which is easily €20,000 or more for a house in a mid-sized city, and then you have to pay taxes and mortgage costs every month. It would quickly cost €3,000 a month, excluding utilities and maintenance. Most people can't afford this.
If you have a house in western and northern Europe, you're sitting on a gold mine. My parents bought a house for €100k in 2008, it's now worth €500k and growing.
Not just West/North Europe But the whole Western world and Australia/New Zealand It's horrible and the young generation is screwed, as a guy if you don't have $ or asset, women won't want you even with all the fake "equality" unless you are a model or something So yeah, the only way to win is not to play a rigged game Eastern hemisphere will ultimately win, and while less safe and all that, you can afford to create a life and family if that's what you want - as long as wars stop
True, but the taxes are increased too. In Denmark a lot of old people can’t afford to live in their own houses anymore, because the taxes alone are 10k/year. And they still have to save money for maintenance.
US market: A piece of land the size of Houston costs 20k $. No laws, do with it whatever you want. You don't need a legal adress, a house number, a street, sewage, garbage collection etc. A huge ass house made out of plywood and cardboard costs 100k $. You can even design and build it yourself, legally, no rules. But you'll have to fix the goddamn leaky roof twice per year. People on welfare live in 1 family houses, not appartements. Electricity is almost free of charge. But electricity equals fire in the US for some reason. 😉
THIS is why most homes in Germany remain in the family for generations. When I lived in Mannheim my ex girlfriend's parents actually turned their single home into two apartment like homes so that she could have her own place. And when they pass the home will become her's. This is also why it is more common for people to own an apartment rather than full homes. That way they can own the apartment within a complex without having to buy an entire house. I think the entire time I lived in Germany my ex girlfriend was the ONLY person I knew that even lived in their own home, everyone else lived in apartments.
It all makes sense now. This is why houses in Germany are brick and houses in the US are dry wall and wood. In the US you can break the walls in frustration when you can't afford payments, versus Germany hit your head against the wall hard enough to kill yourself when you go bankrupt, then simply wash the walls off for the next person 😂 just kidding.
I know you're just kidding, but the reasons aren't that funny actually. It goes back to at least medieval times (and I think even before), because often the rival or enemy kingdom/town would burn down whole villages and to counter that, Europeans started building houses with stone. It's also why churches, castles and the lot are made almost completely out of stone, so it can't be burned down so easily. When there was an attack, the people used to huddle up inside the castle walls or the church for saftey and protection and barricaded it, while the guards and soldiers fought outside, which is why those buildings were extra fortified. Also, stone is a lot more durable than paper or wood.
Germany has also houses made entirely of woods which are as expensive as concrete house. Some of the modern wooden houses are manufactured in factory and assembled on the land reducing the time of construction, it's expensive and not good e.g. you don't get a basement. The problem in Europe is actually in the prices of lands and lack of developed lands, this roots back to medieval, when only certain people and families were allowed to own lands, until now majority of unused lands are owned by government and some families. recently in Austria the city of Graz signed an agreement with a family that owned a large land in the center of the city to develop it and create a whole new district! The district is called Reininghaus and that's the name of the family that owned that land the Reininghaus Family. You can google it
Wrong information. Many European houses are built out of stone for cost reasons. Wood in Europe until recently was more expensive due to extensive deforestation along with metal nails were expensive too (Japan was worse, they found a way around it). Filling a stone block full of wood is just asking to be in a giant oven when on fire. People did crowd together in churches for protection, but it could really be any places. Churches are made to be large and impressive to establish a confident and power appearance for people. Wood in America was more plentiful when founded so wood homes is what you get. In Japan these days, it's concrete homes since wood and stone are not plentiful or as cheap/durable.
@@operatorspade6409 Well, IMHO the liberty and safety has been mostly an illusion already. So they'll take away the illusions, and we get absolutely nothing in return. Good deal for them. Streamlines the whole process and saves money. I'm at a point in my life where I can only defend my mental health if I force my brain to not give a shit about anything anymore. Until the masses start fighting the elites killerdrones for mere survival. Then I'll start to care again.
„Speculation Period“ of 10 years actually stands for: You have to pay taxes if you sell your house for more money than you bought it for. So you only pay taxes on selling price - buy price
You don’t have to give your investment profit to the government. You have to pay taxes for your investment profit, as you always have to pay taxes on profits (stock profits, real estate profits..) it’s actually the other way around: if you stick to your flat/house for at least 10 years you don’t have to pay taxes on your profits. No matter how high the selling price is. Still, all in all you pay way more taxes in Germany than in the US of course
And it does not even apply in case it was your actual home for the entire time or at least the year of the sale plus the two preceeding calendar years.
this video perfectly explains the housing crisis in Germany. nobody wants to buy a house or build a house. the government promises to build houses but the government cannot do that either.
My parents built their house in 1985 for 35000 pounds. My dad was a carpenter so he did the fitting out. But even my boomer parents nowadays realize that this is not possible in todays world. They don't give me a hard time about it bless them.
my parents don’t give me hard a time either. They bought the house we currently live in 20 years ago for $20k. It is now worth well over $400k. For you attention, I live in Iran and people usually make less than $4k annually! so it’ll take 100 years of doing a 9-5 job to be able to afford a house. edit: currency added.
It’s like this in Australia… my mum says things like “your generation never saves, I had a house by the time I was 22.” Then I say, “yeah, you were earning 30k a year, the house cost 100k and parents chipped in 50k. The house price was 3 times your salary. Median house prices where I live cost 900k-1 million… this is 10 times my salary.” 😂
@@jordidewaard2937 I do snap, and then she has the audacity to wonder why! There's just no empathy whatsoever... yes, at the time she had to deal with 19% interest rates, but wages in this country have certainly not grown to align with the cost of living.
@@samuelatienzo4627 Oh she's actually being serious? That's oblivious as hell. My parents occasionally joke about it but my dad (my mom is originally from outside of Europe, don't think she really understands the current crisis) knows full well that houses are not affordable. You could be a lawyer in the Netherlands and you still wouldn't be able to buy a house on your own in a city (don't even start about a BIG city like Amsterdam). You need 2 people earning well above average (yes, 2x average won't suffice for bigger cities, you could get a somewhat nice appartment in a smaller city though) to get an actual nice house, which is just sad.
@@anscenic7911 I just checked the latest statistics… - median wage in Australia = AUD $60500 - median house price in Sydney (where I used to live) = AUD $1.2 million So actually, it’s 20 times the average person’s wage. Interest rates are also going up here too because of inflation. It’s really a lot more difficult than the older generations want to believe it is.
Stuttgart or Munich are really expensive cities to live in. But when I remember on those NY videos, where a random guy asks for example a 19 year old girl, what she pays for rent they say "4.000 - 5000 $" and then they show you a shoebox appartment with about 30 square meters. That's sad for me 😢
Yall you don't have to forget in Germany live 230 people per km^2 in the US around 40. You have land which is way more valuable in a country with this high people density. Also, this 230 people per km^2 doesn't take into account, that there are many regions you cant livein becauseof its forests, mountains, rivers, agriculture, industry, and so on. Als,o houses here in Germany are heavily regulated for safety and energy efficiency and also to keep the look of a town intact. Rent prices are a bigger problem because its inflated by housing companies for example a lot of buildings in Berlin are just empty because those companies buy whole blocks renovate and then explode the prices. We need more regulations on making renting viable again. Its not really liveable paying up to 50% of your wages in rent
" wE need more regulations on making renting viable again" Thats why Europeans are fucked. The very reason for the high prices is what they want more of. when the state becomes your god it is over
@@JessmanChicken86 no its to keep us safe and to make it easier to work. Without regulations the world would be in Chaos and engineering wouldnt work because everyone would do things differently
Knowledge is the greatest commodity investment is the quickest path to financial freedom, the rich stays rich by spendinglike the poor yet ... Read more
Seriously, this just makes housing a real hassle in all of Germany. People can't buy houses, no new housing is built due to lack of demand and the existing houses are very old, renovated many times but, still missing many features that just can be integrated into old infrastructure. Just people end up competing for a place to live within the available accommodations, paying very rents while not getting many amenities. It's a really vicious cycle almost like a mafia.
If rents are affordable its ok. It looks likese these rules are in place to prevent real estate speculation that makes cost of living unaffordable in many places. I live in one of them. Most people cannot afford the rent or to buy property without help from family.
@@abcdedfg8340if the rules were less strict, there would surely be ,,real estate speculation", which means that investors would finally start building houses!
@@abcdedfg8340 same problem mate I'm a non-EU international student and 70% of my monthly expense is rent, living in the south of Germany in Baden-Wurttemberg. The money I make working part-time is just enough to cover rent
@@barsbingol4939 In Germany there is a rule, that if you're heating is running on oil or gas and the system is more than 30+ years old (using time it's been made for) you can't install a new oil heating system, ut have to switch to more climate friendly alternative like electricity. If you continue using a broken or leaking gas or oil heating sstem in your house, after that 30+ years time frame is up and you're not an exception (like special heritage protection) you get fined. That fine can get up to 50k, usually starts at 1-2k for a single family home and increases over time as long as you use that leaking gas or oil heating system. Also th 1st fine is based on the potential harm that system causes, f.ex. an 25+-apartment complex with an actual oil leak may get fined 40-50k from the beginning. A single family home, that has a runningbut old syste get's 1k. Also showing prof that you tried to get a new heating system, but all the companies in your region are fully booked, is enough to not get fined. As long as you won't voluntarily refuse, you're fine. So in theory if you now buy a house that isn't under heritage protection, uses oil heating that got installed 1993 or earlier and you're region doesn't have a plan with the zone that house is in, you're supposed to change the heating system to a no-gas/oil-heating system. If you refuse to even try getting a craftsman, you get fined based on the potential damage.
That's all Nonsense, and just in discussion. Nobody got ever fined yet. If you have illegal heating, you would have no right to heat, it's as simple as that. Discussion is, you cannot have oil or gas a the main source of heat, just as supportive heat (for very cold days maybe). Main source should be something different, solar, heat pump, pure electric is possible but too expensive, and I think wood is allowed.
In big cities yes. In smaller cities and towns its much cheaper. Ive seen houses for as little as 60k. Even big ones if you like to renovate. But it is very hard to buy a house as a foreighner. Even for a german citizen it is a lot of work to get it done.
Plus jobs You can't afford to live if you have no job or your job is a city job Cities ultimately are going to fail and smaller compact 100-200k people cities will establish
@@kwtr1609less than 100k is still considered a pretty big city in europe... and it highly depends on the location where you want to live how high the prices are.
Zurich, Switzerland is currently at around 15700 swissfrancs per Squarmeter thats 17232 US Dollars today. So germans have it really nice thats what i can tell you. Most people in switzerland have to rent apparments and on country side rent maybe a small house. Interessting is we have both around the same percentage of home owners both countries around 42 Percent.
That's something that kept me up at night, being a late 20s single woman and I wondered if I'd ever be able to find a nice husband and afford house and family together. A few years later I met the love of my life, an American, moved to the USA and we're living in a newly built small house right now (he got it for 250k plus 50k in upgrades) and we're going to move to a different state soon. I could have never imagined that in Germany, though the house prices are on the rise here too. Oh and when I asked my dad why it's so expensive in Germany he simply said: exaggerated building regulations and taxes Damn.
Yeah, that and companies that buy up 20 homes, to do nothing but rent them out, inflates prices. Not saying its right or wrong, its just something else that doesnt help.
@Micha Yeah he got super lucky, the area was almost sold out and newly built in a suburb of Vegas. The same houses now sell for about 400k. Ironically I met him on Facebook on a police meme group. We connected because we had the same job and started talking every day. A little more than 2 years later I came here. 😁 If I'd tell my self 5 years ago, I would NOT believe myself where i ended up how.
I live in the Netherlands near the German border and one of my colleauges and her boyfriend who lived in Germany could not get a morgage 10 years ago if they were not married. 🫤 That was so strange for me to hear. Eo they got married just to buy their house. 🤷🏻♀️ (We Dutch are practical people.) Dont know if thats still the case though. Still many Dutch people in this area (Arnhem/Nijmegen) cross the border to live in Germany because the housing price is lower than in the Netherlands.
That's true. I checked the market in that area a couple of days ago. Most people they buy these places nowadays are from Berlin. They use them as weekend houses.
I bought a house for 75k in Sachsen Anhalt, near Magdeburg the day the government announced the 10bil subsidy for the Intel Plant. The seller had no clue.
I just bought a brand new house in the US for $1500/m2 and only put $40k down (14%). These German numbers sound crazy! But hey, at least y'all will live in areas with public transit and walkability.
I grew up in a rural area here in the northwest, my ex was a real estate agent and 12 years ago you could buy a reasonably renovated house (some with new roof) with large garden for EUR 80k - 150k in a not too small village. Nowadays you pay for a hovel from the 1950s with retrofitted bathroom, not renovated since the 1980s, partly without connection to the sewerage system in a village with 200 inhabitants (3 miles to the baker, 20 miles to work....) for €200k upwards. During the pandemic many unrenovated houses were bought relatively cheap, then inflation came and the renovation prices were unaffordable and the houses are partly sold again at a loss. And in my village, older affordable houses were bought up by large construction companies, torn down and new large apartment complexes built on top of them, with a 2 bedroom apartment 900 sqft costing just under EUR 395k. WTF. Sorry for my rant, I'll shut up now. 🙈
You should also explain the housing laws to people who think that just because you can't afford to buy a house in Germany you have to live in a van. Renting regulation is top notch in Germany and Austria.
Das war genau der Grund warum ich in Deutschland niemals ein Haus gekauft habe, order hätte kaufen können. Mein erstes Haus habe ich ohne Probleme in den USA gekauft.
No, just different onces, than in other countries. Street cleaning is most often free. There is no schools tax. Most often there is a bus stop in walkable distance. In USA they require people to have a car, if they have a house, or they are lost.
I would say its more than 100.000 ways, because there are more than 100.000 laws about taxes in germany. You need to steal everywhere even the smallest corners to get to 90% taxation, well basically if the new ideas of the current government will be enforced (which i dont think) then it would be even more than 100% taxation for millions of people because they would have to make extremely expensive (6-figures) changes on their house, money which many dont even have... So yeah currently the "german" government is trying to get higher than the 80 or 90% taxation. Only if you are on the side of the people profiting (receiving tax money) then youre on the other side of all of this, like millions of foreigners who have made themselves comfortable in germany, not working, disrespecting the country, while their life is beeing financed from the high taxes on the locals. And then the professional thieves from poland knock on the door and say that on top of the billions which they are already receiving each year from germany, they would like an additional 1,4 trillion from the german tax payers. Such nice neighbors we have, they must have been so nice and down to earth in the past aswell ☺️🤡 Not only the german government stealing from the germans, its all kinds of governments and nations, but of course most are unable to admit that to themselves, because they are good countries and germans are bad and guilty and n*zis and h*tler and all that stuff yaknow so lets steal from these people !!!1!!11!!!!! 🤡
Speculation tax doesn't apply if you only have one house and live in it!!! I'm sure, so no worries! Ownership is below 50% not because Germans can't afford a house, but because it's part of their culture to find it useless to buy, they prefer to rent, they feel more flexible/free that way. And....this expensive price he mentioned is only for some very expensive big cities. There are enough very nice places cheaper than that!🎉🎉🎉
The difference between american and german buildings is that german walls cannot be destroyed by just punching it. The only thing that will be destroyed is your hand
True, my agent just made the process slower and I had to pay sooo much for it. I didnt even choose to have an agent but because the seller had one I was forced to pay 😢
@@Micha-bp5om this is really a ridiculous system. The agent works for the seller, and gets a commission of the selling price, but the buyer has to pay for it.
@@harenterberge2632 Depends on the contract you sign. If you sign that the agent can get his pay by the buyer, than the buyer has to pay. If the specific house you want is only available thorugh an agent with that rule in his contract it's like part of the price imo.
@@Mangafan47 it is depending on the contract that the seller signs with the agent. The seller will ofcourse almost always choose for the buyer yo pay, and the seller has no incentive to choose the cheapest agent. That is why the agents commission in Germany is a multitude of that in neighbouring countries. It is almost like paying mob tax. Edit: recently the law changed and as a default buyer and seller each have to pay half of the commission. Let's see how this develops and if this causes price competition between real estate agents. There however many exceptions in the law, so it is also possible real estate agents will find a loophole to keep raking in the easy money.
Here were I live are 500k-750k is a normal price for a house with garden And no I don’t live in Berlin, Hamburg, München, Frankfurt am Main, Köln, Düsseldorf or any other big city I live in a small city with about 60.000 people
@@kwtr1609 yes because the government let all the rich buy up all housing for speculation instead for people to live in so now there is a huge shortage and the housing companies don't want to invest in cheap housing
This is the same in Sydney Australia. We can head more in land where there is little work and that's when it gets affordable. Last I checked our average home sells for over $900,000, could be different now.
I bought a house for less than 300k in a small village, but I can just call it mine in 30 years when I retire 😅 so I need to be employed till the retirement😢 20 years ago the same house had cost 90k I think
@@starlinguk You are right I guess. My bad. I was confused because they never mentioned the house, just the price per sqm. But at 7000€ per sqm I think it might include the house. But then it would be suspiciously cheap in that region.
@@NPP_1 Maybe the 7000€ were just totally made up. Because a small 100sqm property would cost 700000€. If this excludes the house, it sounds very expensive even for that region. But then again I don't know the current prices there. If it includes the house, it would be dirt cheap in that region. It would even be cheap for many other less expensive regions. So, in conclusion: I don't know.
@@allesdurchprobiert You can't buy a house on its own, as it is an integral part of the property it is on and can't just be removed and put somewhere else. But yeah, the number is probably just made up
Houses in Europe are built of brick and concrete, with solid foundations. Nothing but a natural disaster could move them. Houses in America they can be loaded onto trucks and moved to other terrain. Literally. So it doesn't seem strange to me at all that on average a European house costs much more than an American one
...that explains why my relatives over there bought the land and did as much of the work they could themselves, mind you that was quite a few years ago
in Germany, houses are undesirable because the government considers them bad for the environment. Houses are one of the things I love about the US Greetings from Germany
Here is one aspect where I *can* see the UK adopting German practice in the coming years. 🤣 Sunak would *not* want to pass up all those add-on fees and the tax he can swipe into -the public purse- *his back pocket* through them... 🇬🇧😉
My husband and I try to find a flat or a house in the west of Germany. Two years in and nothing to be found yet. Because we would need about 600.000 € for 100 square meters...
@@DerdOn0nerwhat are the waiting times for a minor operation or for a specialist, I'm wondering? North of Italy is about 3-4 years for an intervention
And that's why we rent. And that's also why, while there is a bit of a housing shortage, it is not nearly as bad as in the USA, because single family homes are the least financially effective use of land and infrastructure.
real estate is cheap outside the major centers. Compare Stuttgart to Boston or Seattle, and you'll see affordability isn't that different. In any place 75 minutes from a major city you can get reasonable house for €100k.
Life hack for Germans - buy a house in Sweden. It costs around a third of what a similar house would cost in Germany, the seller has to pay the agent fee and you only pay around 1,5% in communal tax on top. Plus, it's Sweden, duh. I just bought a house there last year, would never have been able to afford one in Germany.
For comparison in Spain (much higher homeownership) it cost between 15 and 20% to buy plus downpayment. Unlike other countries- principal residence exemptions apply from day one, investment properties remain tax free after 10 years. It's an extremely good deal in Germany
What do you mean? You need a 20% down payment and the tax rate which you have to pay right away varies by region and even age. In Catalonia it is 10% for example.
Even with two full incomes you cannot afford a house nowadays. You might be able to afford a run down house that needs a lot of renovations in a very rural area. But then you would have to renovate it plus work more to afford the renovations plus less time because you would have to drive longer to your workplace…. Soo…it would be possible if you don’t have kids. If you do have kids? Yeah…not going to happen unless your parents die and you inherit their place…or you win the lottery…. And then your parents constantly comment on your tiny apartment like: „you really should move into a house or a bigger apartment!! It is waaay too small for your family!! We could neeeever live like that…you young people reeeeally like to live in small apartments, right??? Yeah yeah…“ Noo!! We don’t!! Noo, we don’t „follow this new minimalism trend“, we WANT to move, we CAN‘T!
Speculation tax penalty is genius though. House flippers are the worst. However I wonder how often people rent out in this situation then evict tenants when they can sell the house.
You can't evict the tenants to sell the house. The house is sold with the tenants included and the new owner has to wait three years to evict the tenant.
@@EnbyFranziskaNagel damn I wish that was the case when I got kicked out of a house in the US... had to move with a 1 month notice. So you're telling me, you find the perfect house, you put that down payment and fees, and you can't upgrade the house or live in it for 3 years if somebody was renting it? Maybe there should be an option to make it maybe 6 months with monetary compensation for tenants or something...
My grandmother owns a large house near Stuttgart, which she afforded on my grandfather's single teacher's salary, while being a housewife raising four children. They started with nothing, living in a single room. I could never dream of such things, so I am basically just waiting for my part of the inheritance.
There has to be some reason for it. I assume to keep rent low or for people or companies to stop buying homes and gentrifying the area. There has to be some reason. Knowing how Germans are.
Lol that's a great summary. In Munich prices are even 10K per m2... It is ridiculous. I am not sure how it was back in the days but the tenants I know have landlords owning not the flat only but the entire building and even more buildings. It is not only a struggle to buy one but even a rent one. So if you are a foreigner got a good education but migrated to Germany, have a regular job, well dude prepare yourself to the fact that you will have to work minimum 10-15 years to pay off a probably 3 room flat while all this time giving 40% of your salary as tax paying for those flat owners pension and their grandchildren's unemployment money :) Much social such state. :) Uh and in return it is not even sure whether there will be enough young guys working for your pension in the future as the population is aging...
7k/sm is a good starting point here in Taunus. Add some 15% of taxes etc pp plus say 25k-50k per parking lot, 800k-900k is more realistic for a max. of 100sm appartement. A good deal of real estate dreamers have financed their home at 0% at the onset, skyrocketing to say 5% now and in the years to come. With some patience you will be buying these assets at a 30% insolvency discount in a couple of years' time.
thats why germans usually live in apartments that they rent and not on a house. even houses are often rented and if you wanan get a hsoue you plan it save up and intend to keep it and dont plan on moving into a new house all few years
"How could people afford this"
"That´s the neat part: They don´t"
Elitists squeezing slaves out like a lemon.
Willkommen in Deutschland
@@ivankaurin86 willkommen în der welt
C'est partout pareil pour l'immobilier ☠️
same garbage all over the world
I am happy to announce that I soon will be a proud German owner of a 3 person tent.
That 3-10 years ownership against speculation though..
Bloß nicht dein wohnen die ersten Jahre
🤣🤣🤣🤣
Got myself a 4 person tent and it only cost me 4999€, a kidney, the soul of my firstborn and my mother. You have to admit that it was a real Schnapperle
NO SHIT! Im buying land and ill build my own damn house. Then some pos cop will probably find it and say, “bet there were no building permits or zoned for a house”, n they’ll come kick me out and demolish the house for “safety” meanwhile the houses from the 40s down the way are collapsing and noone cares. Imma dig a really deep hole and live in that
It’s crazy because my parents bought their first house when they were 27-28 years old. They also had two cars. It was 35 years ago. Nowadays, 27-28 year-olds can’t even afford to rent a small apartment in the city because it’s just too expensive. And forget about owning a car.
We bought in 2018, I was 30, my wife 29. We had 2 cars too, old ones but yea.
The house is 120 years old, we still spend a lot of time on it to renovate everything.
We had no inheritance or whatever, just a couple of Euros if savings, just worth the fees and taxes. We have normal to good jobs, my wife works part time since we moved in because we became parents.
So yea it is not impossible, but requires dedication and lots of work.
Middle of the Rhein-Main-Area btw so not somewhere in the countryside.
@@Kuliwa respectfully "hard work" is a lie. Everybody works hard but it's not enough with this market.
@@rockstardonut777 in my case I meant the literal work on the house. We wouldn't be able to buy land and let a company built a house. Or let a company renovate an old house. So we do 95 % on our own. Piping, heating, laying screed and tiles, changing windows, insulate the walls and whatnot. I was a novice in those fields when we started. All besides a full-time job and raising 2 kids. And that is hard work not everybody is willing or able to do.
@@Kuliwa 2018 was a different time, although it's not long ago. Covid and the war in Ukraine really did a number on the housing market.
I am happy to know that it's still possible to own a house in your late 20's, but it isn't the case for most people.
In my country (Denmark) you are required to pay at least 5% up front, which is easily €20,000 or more for a house in a mid-sized city, and then you have to pay taxes and mortgage costs every month. It would quickly cost €3,000 a month, excluding utilities and maintenance.
Most people can't afford this.
Don't live in a coastal city
If you have a house in western and northern Europe, you're sitting on a gold mine.
My parents bought a house for €100k in 2008, it's now worth €500k and growing.
Not just West/North Europe
But the whole Western world and Australia/New Zealand
It's horrible and the young generation is screwed, as a guy if you don't have $ or asset, women won't want you even with all the fake "equality" unless you are a model or something
So yeah, the only way to win is not to play a rigged game
Eastern hemisphere will ultimately win, and while less safe and all that, you can afford to create a life and family if that's what you want - as long as wars stop
True, but the taxes are increased too. In Denmark a lot of old people can’t afford to live in their own houses anymore, because the taxes alone are 10k/year. And they still have to save money for maintenance.
No prices have been flat for the better part of 25 years - changed somewhat in the last few years but nothing compared to other countries
@@frankfurtrob866 the housing bubble in Sweden has seen some exponential growth for the past 20 years.
Nono
Its worth 500 k
But they won't he able to sell it, real estate is a failed market, always remember that
Serious question: can you do the same clip but buying in the US market. I am really curious about the differences.
Yes, that would be really interesting.
US market:
A piece of land the size of Houston costs 20k $.
No laws, do with it whatever you want. You don't need a legal adress, a house number, a street, sewage, garbage collection etc.
A huge ass house made out of plywood and cardboard costs 100k $. You can even design and build it yourself, legally, no rules. But you'll have to fix the goddamn leaky roof twice per year.
People on welfare live in 1 family houses, not appartements.
Electricity is almost free of charge.
But electricity equals fire in the US for some reason.
😉
@@allesdurchprobiert Size of Houston...
Yeah I agree
@@allesdurchprobiert but the situation varies from one state to another
THIS is why most homes in Germany remain in the family for generations. When I lived in Mannheim my ex girlfriend's parents actually turned their single home into two apartment like homes so that she could have her own place. And when they pass the home will become her's. This is also why it is more common for people to own an apartment rather than full homes. That way they can own the apartment within a complex without having to buy an entire house. I think the entire time I lived in Germany my ex girlfriend was the ONLY person I knew that even lived in their own home, everyone else lived in apartments.
It all makes sense now. This is why houses in Germany are brick and houses in the US are dry wall and wood. In the US you can break the walls in frustration when you can't afford payments, versus Germany hit your head against the wall hard enough to kill yourself when you go bankrupt, then simply wash the walls off for the next person 😂 just kidding.
I know you're just kidding, but the reasons aren't that funny actually.
It goes back to at least medieval times (and I think even before), because often the rival or enemy kingdom/town would burn down whole villages and to counter that, Europeans started building houses with stone. It's also why churches, castles and the lot are made almost completely out of stone, so it can't be burned down so easily. When there was an attack, the people used to huddle up inside the castle walls or the church for saftey and protection and barricaded it, while the guards and soldiers fought outside, which is why those buildings were extra fortified. Also, stone is a lot more durable than paper or wood.
@@maeryn4200thanks for the informations, I always wondered why
Germany has also houses made entirely of woods which are as expensive as concrete house. Some of the modern wooden houses are manufactured in factory and assembled on the land reducing the time of construction, it's expensive and not good e.g. you don't get a basement.
The problem in Europe is actually in the prices of lands and lack of developed lands, this roots back to medieval, when only certain people and families were allowed to own lands, until now majority of unused lands are owned by government and some families.
recently in Austria the city of Graz signed an agreement with a family that owned a large land in the center of the city to develop it and create a whole new district! The district is called Reininghaus and that's the name of the family that owned that land the Reininghaus Family. You can google it
Wrong information. Many European houses are built out of stone for cost reasons. Wood in Europe until recently was more expensive due to extensive deforestation along with metal nails were expensive too (Japan was worse, they found a way around it). Filling a stone block full of wood is just asking to be in a giant oven when on fire. People did crowd together in churches for protection, but it could really be any places. Churches are made to be large and impressive to establish a confident and power appearance for people. Wood in America was more plentiful when founded so wood homes is what you get. In Japan these days, it's concrete homes since wood and stone are not plentiful or as cheap/durable.
One does not simply wash walls after killing oneself.
"You will own nothing and you will be happy"
Sometimes i wonder how my parents bought multiple houses without needing a six figure job… Its amazing how real estate was cheap back then
I already own nothing and l'm not happy 😢
So, they will invent a new type of poverty that feels good? Sign me up!
@@allesdurchprobiert just give up your freedoms and liberty for a lil safety, nothing ever bad could happen from that. Right?
@@allesdurchprobiert the part about being happy is a lie
@@operatorspade6409 Well, IMHO the liberty and safety has been mostly an illusion already. So they'll take away the illusions, and we get absolutely nothing in return. Good deal for them. Streamlines the whole process and saves money.
I'm at a point in my life where I can only defend my mental health if I force my brain to not give a shit about anything anymore. Until the masses start fighting the elites killerdrones for mere survival. Then I'll start to care again.
„Speculation Period“ of 10 years actually stands for: You have to pay taxes if you sell your house for more money than you bought it for. So you only pay taxes on selling price - buy price
Pretty much impossible to not do so. Why do you have to give your investment profit to the government?
You don’t have to give your investment profit to the government. You have to pay taxes for your investment profit, as you always have to pay taxes on profits (stock profits, real estate profits..) it’s actually the other way around: if you stick to your flat/house for at least 10 years you don’t have to pay taxes on your profits. No matter how high the selling price is. Still, all in all you pay way more taxes in Germany than in the US of course
And it does not even apply in case it was your actual home for the entire time or at least the year of the sale plus the two preceeding calendar years.
@@TheBrazilRulesbecause they see it as it follows:
You risked and lost? Too bad so sad.
You made a profit!? We deserve half of that!
@@TheBitcoinExperience don't forget Verlustvortrag.
this video perfectly explains the housing crisis in Germany. nobody wants to buy a house or build a house. the government promises to build houses but the government cannot do that either.
My parents built their house in 1985 for 35000 pounds. My dad was a carpenter so he did the fitting out. But even my boomer parents nowadays realize that this is not possible in todays world. They don't give me a hard time about it bless them.
praise tiny, sweet baby jesus they're aware of current trends.
my parents don’t give me hard a time either. They bought the house we currently live in 20 years ago for $20k. It is now worth well over $400k. For you attention, I live in Iran and people usually make less than $4k annually! so it’ll take 100 years of doing a 9-5 job to be able to afford a house.
edit: currency added.
Good thing they can tear it down after the next energy law. Feel lucky.
It’s like this in Australia… my mum says things like “your generation never saves, I had a house by the time I was 22.”
Then I say, “yeah, you were earning 30k a year, the house cost 100k and parents chipped in 50k. The house price was 3 times your salary. Median house prices where I live cost 900k-1 million… this is 10 times my salary.” 😂
Lmao she probably jests but I'd snap after hearing that a few times haha
@@jordidewaard2937 I do snap, and then she has the audacity to wonder why! There's just no empathy whatsoever... yes, at the time she had to deal with 19% interest rates, but wages in this country have certainly not grown to align with the cost of living.
@@samuelatienzo4627 Oh she's actually being serious? That's oblivious as hell. My parents occasionally joke about it but my dad (my mom is originally from outside of Europe, don't think she really understands the current crisis) knows full well that houses are not affordable.
You could be a lawyer in the Netherlands and you still wouldn't be able to buy a house on your own in a city (don't even start about a BIG city like Amsterdam). You need 2 people earning well above average (yes, 2x average won't suffice for bigger cities, you could get a somewhat nice appartment in a smaller city though) to get an actual nice house, which is just sad.
I was thinking that we have unaffordable real estate here in russia, but it is 4 times of an average salary
@@anscenic7911 I just checked the latest statistics…
- median wage in Australia = AUD $60500
- median house price in Sydney (where I used to live) = AUD $1.2 million
So actually, it’s 20 times the average person’s wage. Interest rates are also going up here too because of inflation. It’s really a lot more difficult than the older generations want to believe it is.
Stuttgart or Munich are really expensive cities to live in. But when I remember on those NY videos, where a random guy asks for example a 19 year old girl, what she pays for rent they say "4.000 - 5000 $" and then they show you a shoebox appartment with about 30 square meters. That's sad for me 😢
That is the price you pay for living in NY. California is even worse. If you are a sane person, you would never live in those places
Yall you don't have to forget in Germany live 230 people per km^2 in the US around 40. You have land which is way more valuable in a country with this high people density. Also, this 230 people per km^2 doesn't take into account, that there are many regions you cant livein becauseof its forests, mountains, rivers, agriculture, industry, and so on. Als,o houses here in Germany are heavily regulated for safety and energy efficiency and also to keep the look of a town intact.
Rent prices are a bigger problem because its inflated by housing companies for example a lot of buildings in Berlin are just empty because those companies buy whole blocks renovate and then explode the prices. We need more regulations on making renting viable again. Its not really liveable paying up to 50% of your wages in rent
" wE need more regulations on making renting viable again" Thats why Europeans are fucked. The very reason for the high prices is what they want more of. when the state becomes your god it is over
bro, regulations ARE the problem.
@@JessmanChicken86 no its to keep us safe and to make it easier to work. Without regulations the world would be in Chaos and engineering wouldnt work because everyone would do things differently
You want MORE regulation? You guys can't even play golf without a license for fucks sake!
@@JessmanChicken86speculation is the problem
That’s why we all live in small one room flats for 700€ a month 😅
and how do you do if you have children?
What children? ;)
When in Germany, always trust the guy with the flower folder
Jesus this gave me flashbacks 😭
Thanks for the video
if you want to be successful have the
mindset of the rich,spend less.
i advice everyone to start investing and
never rely on just salary. No billionaire
made it through salary.
@@leon7580 Yes that's true
Knowledge is the greatest commodity
investment is the quickest path to
financial freedom, the rich stays rich by
spendinglike the poor yet ... Read more
investment is very very good and
necessary but before you invest with
any expert trader make sure that it will
be a person that have the experience.
My hammock was 40 €. Tarp another 60 € and the inflatable pillow was a gift.
Seriously, this just makes housing a real hassle in all of Germany.
People can't buy houses, no new housing is built due to lack of demand and the existing houses are very old, renovated many times but, still missing many features that just can be integrated into old infrastructure.
Just people end up competing for a place to live within the available accommodations, paying very rents while not getting many amenities.
It's a really vicious cycle almost like a mafia.
Same in the United States and this country is becoming a third world country.
If rents are affordable its ok. It looks likese these rules are in place to prevent real estate speculation that makes cost of living unaffordable in many places. I live in one of them. Most people cannot afford the rent or to buy property without help from family.
@@abcdedfg8340if the rules were less strict, there would surely be ,,real estate speculation", which means that investors would finally start building houses!
@@abcdedfg8340 same problem mate I'm a non-EU international student and 70% of my monthly expense is rent, living in the south of Germany in Baden-Wurttemberg.
The money I make working part-time is just enough to cover rent
@@valeriebingham1483 no it is not
You have forgotten that the acquired house must also be energetically retrofitted for 50k otherwise you may pay a 50k penalty
wait, canyou elaborate? i thought germany required protecting the heritage value so retrofitting wasnt allowed
@@barsbingol4939 In Germany there is a rule, that if you're heating is running on oil or gas and the system is more than 30+ years old (using time it's been made for) you can't install a new oil heating system, ut have to switch to more climate friendly alternative like electricity. If you continue using a broken or leaking gas or oil heating sstem in your house, after that 30+ years time frame is up and you're not an exception (like special heritage protection) you get fined. That fine can get up to 50k, usually starts at 1-2k for a single family home and increases over time as long as you use that leaking gas or oil heating system. Also th 1st fine is based on the potential harm that system causes, f.ex. an 25+-apartment complex with an actual oil leak may get fined 40-50k from the beginning. A single family home, that has a runningbut old syste get's 1k. Also showing prof that you tried to get a new heating system, but all the companies in your region are fully booked, is enough to not get fined. As long as you won't voluntarily refuse, you're fine.
So in theory if you now buy a house that isn't under heritage protection, uses oil heating that got installed 1993 or earlier and you're region doesn't have a plan with the zone that house is in, you're supposed to change the heating system to a no-gas/oil-heating system. If you refuse to even try getting a craftsman, you get fined based on the potential damage.
@@Mangafan47 so it's basically cheaper to just pay the fine
That's all Nonsense, and just in discussion. Nobody got ever fined yet. If you have illegal heating, you would have no right to heat, it's as simple as that.
Discussion is, you cannot have oil or gas a the main source of heat, just as supportive heat (for very cold days maybe).
Main source should be something different, solar, heat pump, pure electric is possible but too expensive, and I think wood is allowed.
@@holger_p Habeck's disastrous law is all nonsense and will never be passed
In big cities yes. In smaller cities and towns its much cheaper. Ive seen houses for as little as 60k. Even big ones if you like to renovate. But it is very hard to buy a house as a foreighner. Even for a german citizen it is a lot of work to get it done.
Plus jobs
You can't afford to live if you have no job or your job is a city job
Cities ultimately are going to fail and smaller compact 100-200k people cities will establish
Thats a lie. Ive seen apartments in smaller German cities (less than 100k people), costing up to 800k euros.
@@kwtr1609less than 100k is still considered a pretty big city in europe... and it highly depends on the location where you want to live how high the prices are.
Zurich, Switzerland is currently at around 15700 swissfrancs per Squarmeter thats 17232 US Dollars today. So germans have it really nice thats what i can tell you. Most people in switzerland have to rent apparments and on country side rent maybe a small house. Interessting is we have both around the same percentage of home owners both countries around 42 Percent.
That's something that kept me up at night, being a late 20s single woman and I wondered if I'd ever be able to find a nice husband and afford house and family together.
A few years later I met the love of my life, an American, moved to the USA and we're living in a newly built small house right now (he got it for 250k plus 50k in upgrades) and we're going to move to a different state soon.
I could have never imagined that in Germany, though the house prices are on the rise here too.
Oh and when I asked my dad why it's so expensive in Germany he simply said: exaggerated building regulations and taxes
Damn.
Yeah, that and companies that buy up 20 homes, to do nothing but rent them out, inflates prices.
Not saying its right or wrong, its just something else that doesnt help.
250k is really cheap, I spent 300k on an apartament. 😢 where did you meet your husband? I am 30 and wanna meet one too.
@Micha Yeah he got super lucky, the area was almost sold out and newly built in a suburb of Vegas. The same houses now sell for about 400k. Ironically I met him on Facebook on a police meme group. We connected because we had the same job and started talking every day. A little more than 2 years later I came here. 😁 If I'd tell my self 5 years ago, I would NOT believe myself where i ended up how.
@@SkiraReed super! Congratulations 😊 was he living in USA?
@Micha He still is and I'm there now too. Left Germany for him and haven't regret it any day. 😁
Thats speculations tax would actually be so useful here! Would make houses something people actually live in and not an asset to flip😢
Sydney housing market: "Hold my beer."
Mexico city housing market laughing/crying in the corner
No way it’s worse!
I live in the Netherlands near the German border and one of my colleauges and her boyfriend who lived in Germany could not get a morgage 10 years ago if they were not married. 🫤 That was so strange for me to hear. Eo they got married just to buy their house. 🤷🏻♀️ (We Dutch are practical people.)
Dont know if thats still the case though.
Still many Dutch people in this area (Arnhem/Nijmegen) cross the border to live in Germany because the housing price is lower than in the Netherlands.
Hey Nina :)
Government: How expensive are we gonna make to live in Germany?
Real Estate Companies: Yes
Nah, it's more the government and its Grunderwerbsteuer that make everything more expensive.
It's all taxes and regulation.
Most of those problems come from the government.
Nah, it's also speculation.
Mind you, you can get a terraced house in Brandenburg city for about 200,000, but then you have to live in Brandenburg.
200k for a a house. I think you are 20 years too late.
@@carveratutube No, that's still possible in East Germany. not too urban area, maybe not highest standards, but good enough to live in.
That's true. I checked the market in that area a couple of days ago. Most people they buy these places nowadays are from Berlin. They use them as weekend houses.
I bought a house for 75k in Sachsen Anhalt, near Magdeburg the day the government announced the 10bil subsidy for the Intel Plant. The seller had no clue.
I just bought a brand new house in the US for $1500/m2 and only put $40k down (14%). These German numbers sound crazy! But hey, at least y'all will live in areas with public transit and walkability.
I grew up in a rural area here in the northwest, my ex was a real estate agent and 12 years ago you could buy a reasonably renovated house (some with new roof) with large garden for EUR 80k - 150k in a not too small village. Nowadays you pay for a hovel from the 1950s with retrofitted bathroom, not renovated since the 1980s, partly without connection to the sewerage system in a village with 200 inhabitants (3 miles to the baker, 20 miles to work....) for €200k upwards. During the pandemic many unrenovated houses were bought relatively cheap, then inflation came and the renovation prices were unaffordable and the houses are partly sold again at a loss.
And in my village, older affordable houses were bought up by large construction companies, torn down and new large apartment complexes built on top of them, with a 2 bedroom apartment 900 sqft costing just under EUR 395k. WTF. Sorry for my rant, I'll shut up now. 🙈
Haushandel Hans ist für seine Wucherpreise bekannt!
😂
You should also explain the housing laws to people who think that just because you can't afford to buy a house in Germany you have to live in a van. Renting regulation is top notch in Germany and Austria.
Das war genau der Grund warum ich in Deutschland niemals ein Haus gekauft habe, order hätte kaufen können.
Mein erstes Haus habe ich ohne Probleme in den USA gekauft.
Germany seems to have 200 ways to screw the people lol
This is not an exclusive German thing.
201
and counting...
No, just different onces, than in other countries.
Street cleaning is most often free. There is no schools tax. Most often there is a bus stop in walkable distance.
In USA they require people to have a car, if they have a house, or they are lost.
I would say its more than 100.000 ways, because there are more than 100.000 laws about taxes in germany. You need to steal everywhere even the smallest corners to get to 90% taxation, well basically if the new ideas of the current government will be enforced (which i dont think) then it would be even more than 100% taxation for millions of people because they would have to make extremely expensive (6-figures) changes on their house, money which many dont even have... So yeah currently the "german" government is trying to get higher than the 80 or 90% taxation. Only if you are on the side of the people profiting (receiving tax money) then youre on the other side of all of this, like millions of foreigners who have made themselves comfortable in germany, not working, disrespecting the country, while their life is beeing financed from the high taxes on the locals.
And then the professional thieves from poland knock on the door and say that on top of the billions which they are already receiving each year from germany, they would like an additional 1,4 trillion from the german tax payers.
Such nice neighbors we have, they must have been so nice and down to earth in the past aswell ☺️🤡
Not only the german government stealing from the germans, its all kinds of governments and nations, but of course most are unable to admit that to themselves, because they are good countries and germans are bad and guilty and n*zis and h*tler and all that stuff yaknow so lets steal from these people !!!1!!11!!!!! 🤡
Speculation tax doesn't apply if you only have one house and live in it!!! I'm sure, so no worries!
Ownership is below 50% not because Germans can't afford a house, but because it's part of their culture to find it useless to buy, they prefer to rent, they feel more flexible/free that way.
And....this expensive price he mentioned is only for some very expensive big cities. There are enough very nice places cheaper than that!🎉🎉🎉
Munich is about 8500€/qm2(~10ft²) regular to 25000€/qm2(~10ft²) or new penthouse with furniture.
You know the housing market sucks when no one in the world wants it to prosper.
The difference between american and german buildings is that german walls cannot be destroyed by just punching it. The only thing that will be destroyed is your hand
The real estate agent fee is also ridiculously high.
True, my agent just made the process slower and I had to pay sooo much for it. I didnt even choose to have an agent but because the seller had one I was forced to pay 😢
@@Micha-bp5om this is really a ridiculous system. The agent works for the seller, and gets a commission of the selling price, but the buyer has to pay for it.
@@harenterberge2632 Depends on the contract you sign. If you sign that the agent can get his pay by the buyer, than the buyer has to pay. If the specific house you want is only available thorugh an agent with that rule in his contract it's like part of the price imo.
@@Mangafan47 it is depending on the contract that the seller signs with the agent. The seller will ofcourse almost always choose for the buyer yo pay, and the seller has no incentive to choose the cheapest agent. That is why the agents commission in Germany is a multitude of that in neighbouring countries. It is almost like paying mob tax.
Edit: recently the law changed and as a default buyer and seller each have to pay half of the commission. Let's see how this develops and if this causes price competition between real estate agents. There however many exceptions in the law, so it is also possible real estate agents will find a loophole to keep raking in the easy money.
Here were I live are 500k-750k is a normal price for a house with garden
And no I don’t live in Berlin, Hamburg, München, Frankfurt am Main, Köln, Düsseldorf or any other big city
I live in a small city with about 60.000 people
Das ist falsch. Bei selbstgenutzten Immobilien entfällt die Spekualtionssteuer, wenn der Eigentümer nachweislich die Immobilie selber genutzt hat.
Omg i'm dying 😂
These videos are so accurate and that’s how it is for my family too. Keep it going
A tent is also some sort of house I found out 🤔
Congratulations! You just became eligible for the tent tax and the finding-out fee. And don't forget to pay the emoji carbon indulgence.
@@christiank1251 🤣🤣🤣
@@alexderpyracc4053 Thats not a joke in Germany.
@@kwtr1609 yes because the government let all the rich buy up all housing for speculation instead for people to live in so now there is a huge shortage and the housing companies don't want to invest in cheap housing
This is the same in Sydney Australia. We can head more in land where there is little work and that's when it gets affordable. Last I checked our average home sells for over $900,000, could be different now.
I bought a house for less than 300k in a small village, but I can just call it mine in 30 years when I retire 😅 so I need to be employed till the retirement😢 20 years ago the same house had cost 90k I think
Oh yeah, that definitely was the most natural way to start a conversation
Wait until he finds out what the house costs 😂
Um, he did?
@@starlinguk You are right I guess. My bad. I was confused because they never mentioned the house, just the price per sqm. But at 7000€ per sqm I think it might include the house. But then it would be suspiciously cheap in that region.
@@allesdurchprobiert You don't buy houses, you always buy the property. That's a principal
@@NPP_1 Maybe the 7000€ were just totally made up.
Because a small 100sqm property would cost 700000€.
If this excludes the house, it sounds very expensive even for that region. But then again I don't know the current prices there.
If it includes the house, it would be dirt cheap in that region. It would even be cheap for many other less expensive regions.
So, in conclusion: I don't know.
@@allesdurchprobiert You can't buy a house on its own, as it is an integral part of the property it is on and can't just be removed and put somewhere else. But yeah, the number is probably just made up
"Hi I am Zac XCVIII"
bro 💀
Wait till he hears about Switzerland.
250k for the house. 70k for the land and 80k for furniture etc. Greetings from germany. Housing prices doubled in the last 20 years
Sometimes I don't realise how "rich" my family actually is being able to own a house.
We also don't realize how wealthy gen X and boomers are. Most of them own houses. Even some of the oldest Millennials manage to achieve it.
Go to the Bay area, L.A., NYC, Honolulu, Washington DC, Boston or Miami. Stuttgart will be cheap after that.
The girlfriend behind the camera after tipping over
You know what's even funnier? It's exactly as expensive in Poland, where salaries are 5 times lower than in Germany.
Houses in Europe are built of brick and concrete, with solid foundations. Nothing but a natural disaster could move them. Houses in America they can be loaded onto trucks and moved to other terrain. Literally.
So it doesn't seem strange to me at all that on average a European house costs much more than an American one
...that explains why my relatives over there bought the land and did as much of the work they could themselves, mind you that was quite a few years ago
And I thought it was bad in Australia, jeez.
Ah, that's where all the money goes
At least European houses can survive hundrets of years, while American houses can be blown away by a stronger wind.
in Germany, houses are undesirable because the government considers them bad for the environment. Houses are one of the things I love about the US Greetings from Germany
Green regulation is just one more extra regulation. Together they reduce house construction and make prices skyrocket. It only help companies.
The speculation tax is a good one actually...
In Sweden we always have to pay the "speculation penalty" even after more than 30 years😢
what is that???
@@andrijanaognj We have to pay tax 21% for the different between purchased price and sales price always, no matter how many years.
@@andrijanaognjsome people buy houses as investment. Basically it's a tax on your profit from the difference buying/selling a property.
@@oscarmathson3006 woooow
@@IoT_ that is crazy
😂😂😂 check what prices are in North East Asia, Like Taiwan Japan Korea China.
Here is one aspect where I *can* see the UK adopting German practice in the coming years. 🤣
Sunak would *not* want to pass up all those add-on fees and the tax he can swipe into -the public purse- *his back pocket* through them... 🇬🇧😉
The best Germany we lived in ever......
When I was in Germany (Bavaria) there was generational housing. Grandparents to parents to children that became parents...
“For the most part, they can’t” sounds pretty accurate for America as well.
My husband and I try to find a flat or a house in the west of Germany. Two years in and nothing to be found yet. Because we would need about 600.000 € for 100 square meters...
But hey, they have "FrEE HeALtHcArE", right?
The situation is not particularly better in most cities in the USA.
Oh,but you can afford to buy a house in LA or NY and not so fucking away from the city,murican?
Ahhh yes, the perfect us real estate market, so not a dream….
Free Healthcare? Not really, health insurance still costs money and it’s getting more expensive every year 😂
@@DerdOn0nerwhat are the waiting times for a minor operation or for a specialist, I'm wondering?
North of Italy is about 3-4 years for an intervention
And that's why we rent. And that's also why, while there is a bit of a housing shortage, it is not nearly as bad as in the USA, because single family homes are the least financially effective use of land and infrastructure.
I see you have to stretch the truth a bit to accept the trash you call life
Germany had a system that rejected usury, encouraged home buying, large families, paid holidays, free medical care... only lasted twelve years.
Cant afford a house, meanwhile germany forbids you to live in a caravan😂
this is scary it's probably not worth it moving to germany then
Run as far as u can!!
real estate is cheap outside the major centers. Compare Stuttgart to Boston or Seattle, and you'll see affordability isn't that different. In any place 75 minutes from a major city you can get reasonable house for €100k.
enjoying america! real freedom here
Wow - thank you for outlining this. Coming from the US, I am stunned, too.
Speculation thing sounds great
Life hack for Germans - buy a house in Sweden. It costs around a third of what a similar house would cost in Germany, the seller has to pay the agent fee and you only pay around 1,5% in communal tax on top. Plus, it's Sweden, duh. I just bought a house there last year, would never have been able to afford one in Germany.
Jaja, all die Steuern😅
Bedanke dich bei den Besatzern die alles absaugen, einen davon siehst du im Video.. 😉👍
That down payment is more than my house cost in full.
The real estate agent earns such high fees, yet his office has the cheapest IKEA table
Stuttgart is one of the more expensive cities tbh. A house in a rural area will cost far less
For comparison in Spain (much higher homeownership) it cost between 15 and 20% to buy plus downpayment. Unlike other countries- principal residence exemptions apply from day one, investment properties remain tax free after 10 years. It's an extremely good deal in Germany
What is actually Investment properties? And how is it Tax free after 10 yrs?
What do you mean? You need a 20% down payment and the tax rate which you have to pay right away varies by region and even age. In Catalonia it is 10% for example.
7000€/m² is pretty cheap for Stuttgart. Wish I got that deal :/
And they claim the Nazis lost...
Even with two full incomes you cannot afford a house nowadays. You might be able to afford a run down house that needs a lot of renovations in a very rural area. But then you would have to renovate it plus work more to afford the renovations plus less time because you would have to drive longer to your workplace…. Soo…it would be possible if you don’t have kids.
If you do have kids? Yeah…not going to happen unless your parents die and you inherit their place…or you win the lottery….
And then your parents constantly comment on your tiny apartment like: „you really should move into a house or a bigger apartment!! It is waaay too small for your family!! We could neeeever live like that…you young people reeeeally like to live in small apartments, right??? Yeah yeah…“
Noo!! We don’t!! Noo, we don’t „follow this new minimalism trend“, we WANT to move, we CAN‘T!
Speculation tax penalty is genius though. House flippers are the worst. However I wonder how often people rent out in this situation then evict tenants when they can sell the house.
You can't evict the tenants to sell the house. The house is sold with the tenants included and the new owner has to wait three years to evict the tenant.
@@EnbyFranziskaNagel damn I wish that was the case when I got kicked out of a house in the US... had to move with a 1 month notice. So you're telling me, you find the perfect house, you put that down payment and fees, and you can't upgrade the house or live in it for 3 years if somebody was renting it? Maybe there should be an option to make it maybe 6 months with monetary compensation for tenants or something...
@@rockstardonut777the new owner can offer the tenant money to move voluntarily. The three years are if the tenant doesn't want to move.
I guess this explains the kitchen thing. For me, at least 50% of why I wanted to own a house was to do the kitchen
Homeownership in Scandinavia... and also Germany, apparently ™
My grandmother owns a large house near Stuttgart, which she afforded on my grandfather's single teacher's salary, while being a housewife raising four children. They started with nothing, living in a single room. I could never dream of such things, so I am basically just waiting for my part of the inheritance.
There has to be some reason for it. I assume to keep rent low or for people or companies to stop buying homes and gentrifying the area. There has to be some reason. Knowing how Germans are.
7000€/m2? Lol that’s half of what it costs in paris. Sounds like a bargain
I bought my first house on nearly an acre of land in 2008 for around 15 dollars a Sq ft, around 160 dollars a square meter.
Where
@@Kappa1060 Indiana. 2008 was a good year to buy.
@@TypexviiibThe Midwest is the best for value.
Lol that's a great summary. In Munich prices are even 10K per m2... It is ridiculous. I am not sure how it was back in the days but the tenants I know have landlords owning not the flat only but the entire building and even more buildings. It is not only a struggle to buy one but even a rent one. So if you are a foreigner got a good education but migrated to Germany, have a regular job, well dude prepare yourself to the fact that you will have to work minimum 10-15 years to pay off a probably 3 room flat while all this time giving 40% of your salary as tax paying for those flat owners pension and their grandchildren's unemployment money :) Much social such state. :) Uh and in return it is not even sure whether there will be enough young guys working for your pension in the future as the population is aging...
7000 Euro ........m2
Keep the bugs out !!! hahahahahaha
7k/sm is a good starting point here in Taunus. Add some 15% of taxes etc pp plus say 25k-50k per parking lot, 800k-900k is more realistic for a max. of 100sm appartement. A good deal of real estate dreamers have financed their home at 0% at the onset, skyrocketing to say 5% now and in the years to come. With some patience you will be buying these assets at a 30% insolvency discount in a couple of years' time.
thats why germans usually live in apartments that they rent and not on a house. even houses are often rented and if you wanan get a hsoue you plan it save up and intend to keep it and dont plan on moving into a new house all few years
Initial cost: I would be happy to do that because there is no tax after that. I pay $12,000 every year for a small ass house here in the US.