this post was submitted on 19 Apr 2024
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[–] intelisense@lemm.ee 16 points 7 months ago

I'm a CTO for an SME in Berlin, and I couldn't afford to rent my extremely modest apartment if I had to get a new contract today.

[–] neshura@bookwormstory.social 15 points 7 months ago (2 children)

My grandfather had 5 kids and built a house with my grandmother only doing part time cleaning jobs in the 60s. Due to the situation after the war he was not able to find employment in his learned craft, instead he worked most of his life as a "simple" manual laborer.

My father paid out his 4 siblings for the house when he married my mother, they always joke that she met a rich man and married a poor one. That was ~2000. He's a learned instrument mechanic.

If my sister had not voluntarily backed out on inheriting the house I would not be in a position to comfortably pay her out until I'm well into my 40's. I have a bachelors in electronics and am working as a software engineer due to the rather low level coding taught/practiced within said degree.

No disrespect to the jobs of my father and grandfather, they did and do amazing work that is entirely out of my expertise and would take me years to learn let alone master to their degree. But when the family income bracket is moving higher and higher yet the ability to sustain a house is getting slimmer and slimmer something is seriously fucked up with the housing market.

Any family that has not sorted out housing inheritance will be forced to sell because the prices are so insane no one working even an average paying job will be able to reasonable pay out the "value" of the home to their siblings. Which will just force more and more people into renting because you simply don't afford a house in this market or at least not where I live.

[–] jupyter_rain@discuss.tchncs.de 4 points 7 months ago

And on the same time people look almost shocked when I state that me and my SO "Just" bought a flat and not a house. Like they do not see the prices and reality of wages. Like bruh...We could afford a house, if we wanted to pay the bank until we retire and work fulltime all the time. Which is not gonna happen with kids and generally unlikely.

[–] MrMakabar@slrpnk.net 1 points 7 months ago (1 children)

I hope your sister got something good out of it too.

Other then that you need a good job and most likely two full time incomes to pay for a house and then you have to live a frugal lifestyle for over a decade. Once done it is a huge advantage, but it is really tough. Especially if you do not have family, which can give you some money to get started and you have to save while renting. That is honestly the only way young people can buy a house today.

[–] neshura@bookwormstory.social 1 points 7 months ago

The situation with my sister is unique enough if I explained it properly I'd probably semi-doxx myself to anyone who knows her irl so I won't go into much detail but she rescinded her inheritance on the house voluntarily due to some circumstances that have her inheriting more than me. I Still plan to pay her something regardless just not the ridiculous sum it would be going by the insanely inflated house value

[–] popcorp@discuss.tchncs.de 7 points 7 months ago

Yet there if always mountains of money for ridiculous projects like superexpensive highways in the city or car subsidies. But building new affordable housing is always refused with an absurd excuse like "we don't want to distort free market principles".

[–] autotldr@lemmings.world 4 points 7 months ago

This is the best summary I could come up with:


On that day, the single father from Afghanistan, who had been living in Germany for more than 16 years, received notice that his lease near Bonn was being terminated because the owner was apparently planning to use it.

Due to high interest rates and construction costs, the German government is far from achieving its ambitious goal of building 400,000 new homes a year, including 100,000 social housing units.

Peter Kox, managing director of the Deutschen Mieterbund Bonn/Rhein-Sieg/Ahr, told DW: "Almost 50% of people in the large cities of Düsseldorf, Cologne, and Bonn are now eligible for subsidized housing based on their income.

There is a reason why Chancellor Olaf Scholz says that housing is the most important social issue in Germany: It not only affects single-parent families, the unemployed, students, and refugees, but increasingly the middle class as well.

Now, he says, some members who Kox hasn't heard from for years are coming forward looking for a place to live: "For example, because their landlords is trying to get rid of them so that they can rent out the apartment again at a higher price."

At the same time, they warned of a "dangerous scenario in which a crisis in the housing construction sector could trigger a domino effect and cause massive damage to large parts of the economy."


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