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Germans are not really into personal finance in my experience. Maybe that's a consequence of the solid social security system.
My parents have been living in the same rented apartment for 52 years now and they will probably die in it.
Ok, seems odd though given their reputation for pragmatism and good financial practice at a national level that they wouldn't care about such things at a personal level.
I haven't been but it seems like the city has retained most of its architectural beauty rather than just promoting growth with some lifeless corporate buildings and apartment high rises.
He...... Did you go to Brava once? I mean - ugly- appartement buildings cover a huge size of the city.
I love it anyway, the city of my gf
Last edited by Pokitobounto; 03-25-2019 at 06:20 AM..
Of course, if you have a rented apartment, moving house is a lot easier.
There is also a certain dislike for debt in Germany, so many just won't buy a home as they don't want a mortgage.
Interesting. Isn't rent also kind of a debt? Sure it's great to be free to move no strings attached to a property. But at the end for 10 years of renting you could've paid half an apartment at least.
The problem with that photo is not the density, but the weather, typical SE Asian weather. With blue skies Hong Kong looks very different. Just like any place. Ever seen a European small town when it's raining? Also looks gloomy.
Interesting. Isn't rent also kind of a debt? Sure it's great to be free to move no strings attached to a property. But at the end for 10 years of renting you could've paid half an apartment at least.
Why is rent a kind of debt?! I have always rented and I have never had a cent of debt.
In my current apartment I would have to pay rent for at least 30 years before I matched the value of the apartment if I bought it. 30 years is unthinkable for me. I have moved 4 times over the past 12 years, so owning a house would be a huge problem for me.
Why is rent a kind of debt?! I have always rented and I have never had a cent of debt.
In my current apartment I would have to pay rent for at least 30 years before I matched the value of the apartment if I bought it. 30 years is unthinkable for me. I have moved 4 times over the past 12 years, so owning a house would be a huge problem for me.
It totally depends on the economy and market I bought a property in 1999 for $88,000 USD and sold it for $235,000 USD in 2007 that was a net profit of about $147,000 in about 8 years or $18,000 USD per year. It's all about buying and selling at the right time. Right now that property is worth less $235.
That's is exactly what I was talking about earlier. Germans don't have that mindset, basically speculating.
Germans tend to buy homes because they plan to live in them until they die.
My class comment referred to the American ambition to rise in society and express that via the home one owns, even moving to certain zip code areas.
In the case of French society I think it has more to do with the desire to have your own space and a better scenery / environment / quality of life
Note that it also works with nice neighborhoods downtown in old apartments, but it's a different kind of social class, and generally it's more expensive to live downtown than on the outskirts.
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