Thread 513409610

Are Germans retarded? Even with a history of hyperinflation, they think saving money in a bank account is the best way to build wealth.

>>513409610 (OP)
Are they even german?

>>513409610 (OP)
If most Germans rent, who owns all the German houses?

>>513409610 (OP)
People can't afford the downpayment and the montly rates are higher than renting. Homeownership here happens mostly by inheritage nowadays.
>>513409890
Jews, wealth funds, the church, the state ... the list goes on

>>513409890
guess who

>>513410059
mais qui?

>>513409610 (OP)
>Are Germans retarded?
Yes.

>>513409610 (OP)
I dunno guy. Most western housing is fucked and follows the "buy a house NAOW" rationale combined with predatory landlord orientated government policies. Its shit.

Maybe the Germans are onto something.

>>513410163
i dont speak gyros

>>513410206
> pay taxes<
> government uses money to subsidize poorfag rents
> kikes get money
>other kikes learn about it and invest into the housing market<
> housing becomes a investment opportunity
> normal people can't afford houses anymore
All welfare must end, its just a giant kike feeding scheme. Even pensions must end, delete all welfare systems to save the world.

>>513410398
It's better than donner kebab

>>513410928
of course it is, yammas.
but i dont understand it

>>513409610 (OP)
>heres why thats a good thing

>>513409610 (OP)

The Most Germans:

>>513409890
>>513410053
Turks actually

>>513409610 (OP)
For some reason Germans have always preferred renting than buying. This was true in the early 90s when I was last there.
They spent more money on domestic shit and then left old stuff on street corners for the Turks to take.

For once . . . .heavens forbid, I agree with the headline . . .I don't think the Germans were bothered about home ownership.

I don't know about laws in Germany but should the worst happen and you lose your job, the state will pay your rent (or most of it at least) but they will not pay your mortgage, so there are some advantages to renting.

>>513411622
>the state will pay your rent (or most of it at least)
It's a double edged sword which only transfers houses and money to kikes over time. They are robbing us to fund landlords, rents here are so low that buying becomes financially unattractive.
It's a system of financial enslavement disguised as welfare.

>>513412573
>rents here are so low that buying becomes financially unattractive.
I understand that.

The kikes are too far embedded for the likes of us to do anything about it, despite what keyboard warriors on 4chan say.

I get the German mentality of renting because at the end of the day, it's suits you . . . .even with a mortgage you are slaves to the kikes at the bank!!

>>513411622
Germany was and still is preferring renting, because for the longest time it was a sensible and very cheap mode of living, especially in cities. Most landlords where private owners, who just had a dozen or so flats to rent out and simply wanted some comfortable side money. Landlords of this type didn't really bother hyperoptimizing their revenue stream. This changed in the 90s and 00s when the German rent market began to commercialize. Today it's already pretty bad and it's only getting worse, again especially in cities, where market concentration is the fiercest. The problem in Germany is though, that constructing a new home is a VERY expensive undertaking, since we drank too much of the three little piglets kool aid and more or less build bunkers instead of homes.

>>513412573
> financial enslavement disguised as welfare.
Wiseone.

>>513409890
>The two largest apartment owners by far in Germany are Vonovia,
>with around 363,500 apartments, and Deutsche Wohnen,
>which owns around 163,100 apartments.

>US investor BlackRock and the Norwegian sovereign wealth fund
>are among the largest investors in Vonovia, Deutsche Wohnen and LEG Immobilien

First of all, Germans still have a massive fear of debts of any kind. And it actively informs their financial behavior both on a personal level, like the near total absence of non-prepaid credit cards, as well as the collective one, like the government's infamous debt-brake and refusal to borrow money at fucking negative interest rates. This of course affects their attitudes towards mortgage and other hypothecary loans. Second, fwiw Germany has pretty ironclad rent laws, meaning it's quite hard for both parties to fuck each other over and decades-long rent relationships are feasible.

>>513413128
I have german in laws. For most Germans, home ownership is simply an impossibility. Its too expensive. Even with two professionals working. Munich is a nice city. Nicer than Dublin but I can own a home in Dublin.

So I would rank Dublin with ownership and without a long commute, as better than Munich.

>>513409610 (OP)
Do eurofags even have fixed rate mortgages?

>>513413705
Im on a variable at about 3.5%

>>513413737
That's a good rate. How often does it change?

>>513413737
You need to refinance to a fixed rate right now

>>513413869
Its changed maybe once in a couple of years now and it went lower. Im not too concerned. Im not stretched. Everyone else is tho. Banks won't raise interest rates beyond what people can afford.

>>513413931
Na. I don't. A fixed rate would be higher.

>>513413073
>rents here are so low
that is not a sentence you hear in for example Munich. he has to be talking about a region where people are moving away from or where there is currently not at lot of companies/industry situated.

>>513413931
You're retarded, they'll go lower again when Reeves fucks everyone in the asshole in 2 months. The prices for everything have been outrageous here for a long time. It made no sense to fix energy either for example (fixed wasnt even available for a long time)

>>513413984
>Banks won't raise interest rates beyond what people can afford
Thats brave of you. Keep an eye on repossession rates over the coming years, I think you're in for a surprise

>>513414318
Im far from stretched as it is and I can work more too. It simply does not matter.

>>513413128
>>513414068
>that is not a sentence you hear in for example Munich
OK
Like I said, I was last in Germany in the early 90s, so things may have changed. Infact that was a silly thought, things would have changed since then, just like they have here, I'm not debating, I'm just curious.

>>513409890
Don't be antisemitic

>>513414034
If you don’t think we are heading into 10%+ 1980s rates you are dumb. A fixed rate would be higher Becuase the bank knows rates are going up.
There is nothing stupithan a variable rate mortgage Becuase you can’t take advantage of future inflation

>>513409610 (OP)
I keep it simple, I wish for all rentier economies to collapse

>>513410206
I don't know.
I just experienced my rent (which I split with my gf) go from $600 a week to $800 a week in less than 3 years. And when we moved out cause we couldn't afford the $800, they listed it for $900 a week and someone took it at that price.
This happened after covid when the government let over a million people move to Australia in 2 years.
Maybe if most people were renters then the government would have no choice but to avoid scenarios like this to avoid major voter backlash. Whereas when most people own a property they do not give a fuck how many people the government lets in. Well they do when they are still looking to buy, but as soon as they buy their housing cost is essentially locked in (ignoring interest rate fluctuations) and they couldn't care less about how government policy creates more housing unaffordability.
But regardless, having lived through one insane rent price spike I am not running the risk of having that happen again. And I don't think anyone should even if they live in a country with a very different housing market.
You don't know what retarded shit the government is going to do in 40 years time. You don't want to be living off your retirement savings or pension at age 75 and suddenly have to move home because of changes in market conditions. Fuck that.

>>513414845
Cool I'll just pay it down in one go.