Germany: Perfect example how mortgages inflate home prices

Quote from Grandluxe:

From what i know home ownership in Germany is very low, most people prefer to rent for life.
More...

Because people don't need to feel safe by buying house because of socialist government system.

Here in the US, if you lose your job and you still paying rent, you are toast
 
Quote from KINGOFSHORTS:

Americans have a tendency to totem build. They are very concerned with how thier peers think of them.

So they would live in a 500K Zero Lot McMansion so they can show the world the big "Mansion" they own (Which they do not, the bank does) as some sign of success. Leased "C class benz" etc..

Yet they are up their eyeballs in mortgage payments(and now college debt as well) lease debts and are house poor. They cant enjoy life and they work like a dog for some asshole boss in some cubicle like animals in a zoo just so they can impress other people they do not even like.


Fuck that rat race.
More...

That's not what I said in '05 when I sold, then rented. No offense, dumbass. There are bright investors in the US.
 
Berlin is the trashcan of Germany, try some other cities in Germany.

Heck, most people from Germany want even to kick out Berlin out of Germany, so what are you talking about?
 
Quote from misterno:

Because people don't need to feel safe by buying house because of socialist government system.

Here in the US, if you lose your job and you still paying rent, you are toast
More...

Same if you have a home owned by the bank.
 
Quote from KINGOFSHORTS:

Americans have a tendency to totem build. They are very concerned with how thier peers think of them.

So they would live in a 500K Zero Lot McMansion so they can show the world the big "Mansion" they own (Which they do not, the bank does) as some sign of success. Leased "C class benz" etc..

Yet they are up their eyeballs in mortgage payments(and now college debt as well) lease debts and are house poor. They cant enjoy life and they work like a dog for some asshole boss in some cubicle like animals in a zoo just so they can impress other people they do not even like.


Fuck that rat race.
More...

+1
 
if people believed that houses will have to be paid back in full in their lifetime without help of inflation and stimuluses, prices in most places would be 3-5x less.

great setup for decades of global deflation in housing.

and heh, just deflation !

japan scenario reality here and now.

money printing does not work.
 
You must log in or register to reply here.
Back
Top