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About mtbiking

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  • Location Munich
  • Nationality Portugal
  • Gender Male
  • Year of birth 1979

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  1. Buying property in Germany

    If you’re asking me in April 2020 how come a family with small children has a better quality of life in a house with garden than in a two rooms apartment then I wonder if we’re even living on the same planet.
  2. Buying property in Germany

    That’s irrelevant to his point and this discussion, since his €750/month place can be bought for much less than a million euro. Such a place is valued at roughly around €370,000, which at nowadays interest rate is not beyond reach for loads of people. Nobody is forcing anyone to buy a house.
  3. Buying property in Germany

    that doesn’t make any sense. If you’re living in an apartment or small rowhouse you’re not having the same life quality as you’d have living in a €1000,000 house in the same street, as your home is obviously a factor in your life quality. You continue to wildly exaggerate the rental to purchase price ratio in order to make a point. Take MikeMelga, he’s renting by choice and makes basically the same arguments as you, but he doesn’t try to hide that his rent is high.
  4. Bavaria and the real estate bubble

      That place is rented, not a good buy specially if you want to move in yourself. Besides, it's very far away from Rosenheim.
  5. Bavaria and the real estate bubble

      You shouldn't buy a home without enough capital to either lower the amount of the loan or offer as collateral and the more the better. That said, with good conditions you can now finance 800k for 20 years fixed interest at around 1% rate, which means that with 2.5% tilgung you'd be paying €2370/ month, of which €700 is interest in month one.  For comparison, I was paying more interest than that for my €180,000 loan when I first bought in Munich.  A major burden is the circa €70,000 in fees.. That's money thrown away.   Nearing/above forty and with children is in most cases too late to get into real estate IMHO. By that stage people may as well be content with renting and possibly buy a small condo for their retirement if so desired.
  6. Buying property in Germany

      Please, please give examples of €1,000,000 with a €750 rent. I'm genuinely interested as all €1,000,000 houses I've ever encountered have rents of at least €2000/month. 
  7. Buying property in Germany

    We're in agreement there. In 10 or 20 years the stock price of 2020 will look very cheap, just like the stock of 2000 or 2010 looks now.
  8. Bavaria and the real estate bubble

      Maybe he's honestly concerned? I guess it depends how often he asked. More than once or twice does show panic. I did ask my tenants if everything is OK, and I didn't do it out of being scared - I could perfectly stomach a few months with reduced or without rental income if they were in real trouble. 
  9. Buying property in Germany

      Berkshire Hathaway has been selling although it already has a formidable cash position. Warren and associates seem to think that people still aren’t fearful enough. 
  10. Buying property in Germany

    It certainly looked like it. But don’t worry, you aren’t. I can’t answer your first question without more info, though.
  11. Buying property in Germany

    Yawn. Unless your real name is Warren Buffet color me unimpressed.  A while ago you saw a recession coming and then Corona hit, thus proving that even a broken clock is right two times a day.  Congratulations.   In the mean time I keep buying at least every two weeks and don’t have to give a damn. Boring, I know, but I’m not Warren Buffet.
  12. Buying property in Germany

    I call that bullish. It would mean in worse case the prices of 2015/2016 and a comparatively small correction when you take into account what’s going on.    About the stock market: 1) you can stop pretending you were something besides lucky 2) I honestly don’t need to care.
  13. Buying property in Germany

    empirica expects a full recovery as early as in one year, which is not a long time - better to prepare now for those deals. The  IW institute on the other hand is bullish on property as they see the cheap money getting cheaper plus the idea of Beton gold  as the determining factor.   Personally, I wouldn’t buy now. I’ll wait at least two to three months to see how things develop. In the last days I’ve been checking the Zwangsversteigerungs website and the usual Immobilienportals, no sign of a crisis or price  drop yet. There’s likely some bluff involved. However, I don’t feel the need to buy, now or ever, so it’s an emotionally low stakes game for me - strictly business.
  14. Everything is fine, I invested some of my money reserves a couple weeks ago outside the biweekly sparplan. Bought Vanguard world and Berkshire Hathaway. Considering to buy oil futures right now. Saving more money than usual (no dinning out, no traveling adds up). That’s more money for the sparplan. Glad that my wife is I’m health care, even my company can run into problems if the supply chain evaporates.   My financial investments are taking a beating, but I wasn’t selling anyway.    I also had a good talk with my bank advisor.. if the property prices in Munich do break and something irresistible pops up we want to be ready.  
  15. Buying property in Germany

    that has nothing to do with what I said, i.e what kind of property is desirable to buy has nothing to do with what newcomers in Germany can expect to find as lodging. Small apartments in the city center have increased  the most in value in the last decade with the argument that young, single professionals are too busy either working or enjoying city life to stay indoors and that suburbs are unsexy. The really needy stay wherever they can, they don’t start a new topic in this forum asking for an apartment as long as it is in Schwabing or Haidausen. And by the way, a lot of Southern Europeans that arrived because of the crisis were highly educated and landed good paying jobs. They didn’t come solely out of desperation.