91–100 of 370 posts
Housing situation in Germany for anyone born after 1980 is so fucked.
Here goes nothing. Bye bye Berlin. This is going to be painful for many.
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It doesn't matter where you live. The jobs are in Munich, Berlin, Wolfsburg, etc.
And a job in these cities usually pays the rent. Unless, of course, you work blue collar at smaller companies. Or are a long time resident. Then it sucks. That being said, I'd say the situation sucks especially for older folks not owning their apartments. The generally higher educated post 1980 generation has it comparatively good. I just take issue with such general blatant statements, things are never that simple.
Full text of the court decision (German): https://www.bundesverfassungsgericht.de/SharedDocs/Entscheid... Shorter press release (German, too): https://www.bundesverfassungsgericht.de/SharedDocs/Pressemit... It's a classical application of the "federal law breaks state law" rule, which I think exists in the united states as well.
Housing situation in Germany for anyone born after 1980 is so fucked.
Housing situation in Germany is so fucked Housing situation in London is so fucked Housing situation in Spain is so fucked Housing situation in Canada is so fucked .... I'm not an expert, but I see a pattern there...
Housing needs to not be an investment.
Important to note here is that while the Mietendeckel (rent cap) has been overturned, the Mietpreisebremse (rental price control) is still active. This is a very interesting development though.
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Not if you stay months in hotel or Airbnb. And that is only available option.
AirBnB is part of the problem btw. There are at least 4 fulltime AirBnB flats on my building floor (that I'm aware of). I'm assuming it's AirBnB because there's a very high "fluctuation" of new people in those flats (few days to 2 or 3 weeks). Imagine if all those AirBnBs would be available for longterm renting ;)
And this policy is pushing more flats from normal market into airbnbs.
This is a catastrophe and very disappointing. Here is a little personal anecdote: I used to live in the center of Berlin Mitte when I was a student, had rented a Penthouse apartment for 450 Euro/mo incl. additional costs (but without water, gas, electricity). It was affordable. Then a Bavarian multimillionaire bought the house from the original owners. I was already abroad most of the time, so I didn't experience the…
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They're building housing all the time. There are 3-4 housing blocks being build near me. One office building being built. Everyone keeps acting like they can just build new housing over night. To be fair, construction work in Berlin is super slow.
Well in recent months the Tesla Giga Berlin factory has shown just how fast construction can take place if the people in power actually want it to happen. Building new housing units in the city slows the increase in value of existing real estate, which is why property owners are not rushing to allow the construction of new structures. Lobbyism is a powerful force in real estate.