Friend bought an appartment for 780€ for m2 back in mid 2010s, construction firm went under and creditors took the building over so it was below market price. Now, in the same neighbourbood a m2 of in a new building goes for 2200€.
Thank fucking God my parents are giving me our house built in 2008 the moment I get married and are moving into an empty flat above my grandma.
Same my parents said they will help me with the down payment on a house. Of course I will do my best but feels good to have richfag parents
dont care
Got 45k in stocks bros but can't afford even a deposit for a shitty two bed terrace
The tragedy is that yesterdays middle class makes you todays upper middle class. Life without a mortgage and college loans is literally Heaven.
Do you think joining the (((EU))) in 2013 may have had something to do with the price?
In Canada atleast if you havent settled down by 2016 you are pretty muched fucked. I kinda feel bad for pajeets coming to Canada, they work shit tier jobs and pay 2k a month for a shitty room in pajeet enclave
How do young bongs afford a house with your laughable wages and insane housing prices
Through the magic of (((interest only mortgages)))
I keep doing my best with the market. Thinking of moving up north at some point but so is everyone so that market is already spiralling out of controlPKTXU
No doubt.
I've never even heard of those types of mortgages until you mentioned it, sounds like some grade A kikery
Shit, it sounds like there's no escaping it, same as most parts of the states.
Same here.
30 year, interest only is getting very popular. Meaning house prices have nearly doubled in 10 years.
People do it because of a belief house prices will keep rising exponentially. It's the NPC way to trust the system
How does it feel having ex-pats bidding up the price because it's still cheap compared to where they made their money? I know several Croatbros who are still working over here, but bought an apartment back home for holidays or eventual retirement. You won't be able to outbid them unless you move elsewhere in the EU. It's tragic. Poorer countries joining the EU only helps the richer countries, while making the poorer even poorer. It's a pact with the devil. But at least you will get to enjoy diversity and inclusion.
Kill bugs. Gas bugs
If the interest payments are cheaper than the rent, then it could make sense. What people tend to forget is the maintenance costs and taxes. But it's indeed kikery of the highest order. And watch what happens over the next few years once interest starts rising again. If you have a 10+ year fixed interest mortgage it won't make a difference, but once the fixed term is finished you'll basically own *nothing* because you won't be able to afford to keep living in your own home.
It is a bit different, it is not due to expats as much as our long term investment habits. Croats have never invested in stocks or investment funds, we had always put our money into properties. This has caused never ending pressure on the market and rising prices. Country with a demographic decline, with a non stop construction boom, and 30% of empty apartments and houses nation wide.
All I can say is €220k for a 100m2 apartment is dirt cheap where I live. You could sell those all day every day with a queue of buyers waiting round the block, provided it's a good neighbourhood. Those prices will rise even more. I own a 100m2 apartment elsewhere in Europe that's valued at €400k. If I can buy back something similar for €220k and enjoy your relatively cheap cost of living while getting €180k thrown into the bargain, then that is something worth considering.
My biggest fear is that day will never happen.
The kikes will find a way to level the playing field and distribute the cost to everyone.
Like heating for example. Nat-gas goes up because of green energy's failure to ramp up production and the government starts handing out checks to families with low income. Meaning I'm now paying higher utilities AND my taxes are propping up the poor instead of better schools or whatever. It's a commie redistributionist scheme
You're probably correct. Scandinavia always seems to lead the way when it comes to socialism. Universal basic income will be something I can see happening first over there. It's pretty much there already. May as well make it official.
I remember how a husband of my cousing who lives in Germany and deals in real estate when they were visiting pulled me aside, slightly tense and red, and told me how we could sell our house if we were in Germany for 700-800.000€, because of location mainly.
200.000€, sure..but this. Holy hell.
Cousin
Checked, Satan. I live in one of the most expensive cities in Jewrope. Average house price over here is €2 million. I wish I could buy a house for €700k. I'd get laughed at in the real-estate agent's.
>living my entire life in a small town
>making pretty ok money for the town
>decide to check jobs in the capital
>pretty decent pay, almost triple for what I do
>decide to work there for a year to see if it's worth it
>check rent
>literally costs 2/4 of the job I am going to do
>check commute time
>1 hour back and forth
>this is getting retarded
>interview for the job just for the lols
>"you're hired, come tomorrow morning. you'll have time."
>mfw it's 4 PM on a Friday
It was a nice reminder to stay away from the capital city.
Fucking world is burning.
this. my parents are boomers and bought their house in like 2005 or something. My dad especially is convinced the housing market can just keep going up.
If interest rates go to where they belong (the natural level should be above inflation), then we'll have an almighty shitshow the likes of which have never been seen before. There'll be blood in the streets. Kek.