Not much different in Germany either.
What once was needed to buy a decent house is now merely enough for a tiny apartment.
I just recently sold one of my houses for 900k. Which I bought for 300k 25yrs ago. And it even was due for major renovations.
Well, could have. Actually sold to them for 500. Didn’t wanna be an idiot but also didn’t want to rip them off. I did nothing of value to justify that gain. And they were very happy. Still unfair…
Why? Unless you’ve got hundreds of millions or more, you’re just another poor sobbing bastard for the elite. Just a bit less poor than the others. Insignificant in everything.
Also, I paid double market-average for employees, with come-and-go-as-you-please and profit-sharing. Everyone.
I rent the houses/apts dirt-cheap. At the legally allowed minimum but with hidden added boni or paybacks or whatever else I come up with. Free power, free water etc. I don’t want to profit of someone else’s inability to own. I want to be able to look in the mirror without disgust.
And also I work for free in a shelter-thingie for abused or broken people, I help where I can.
If everyone would do that, we’d all be better off, wouldn’t we be?
What do you do to better society with the given means? Considering I’m the problem and you’re not?
Egocentrism, narcissism, missing empathy and machiavellism (so basically the dark triad) are the root sources that rot the world (while being highly rewarded), not money.
I have a friend with five. He’s a traveling physician and has five practices each at least a hundred miles away from each other. I don’t entirely see him as part of the housing problem because he has a use for these houses that isn’t vacation.
Folk are mostly friends on here, so can you ease off the attack please?
not everyone that has more than 1 house is a rich person. most of the time its people who had a generational house that wanted to move to another, while trying to pay off taxes or new houses by renting. its the airbnb, and corporate landlords that are the problem. Also rich nimby neighborhoods, a few years ago they blocked a low income housing in millbrae, and yes they were mostly white people. companies like blackstones, or real estate companies are raking in the dough and worsening the housing crisis.
and another incident, eventhough it looks wrong in similar area a company had bought hordes of VACANT houses and decided to let it sit there for years, and there was a whole incident mutliple squatters got in and forced the sale of the house to them after a long social media uproar.
the CURRENT people buying the houses like in OP pic are Transplants from other states moving here in droves.
I just recently sold one of my houses for 900k. Which I bought for 300k 25yrs ago. And it even was due for major renovations. Well, could have. Actually sold to them for 500. Didn’t wanna be an idiot but also didn’t want to rip them off. I did nothing of value to justify that gain. And they were very happy. Still unfair…
300,000 euros in 2001 is, inflation-adjusted, 512,000 euros in 2026. If you sold at 500k euros, you sold for slightly less than you bought it for in real terms.
Not much different in Germany either. What once was needed to buy a decent house is now merely enough for a tiny apartment.
I just recently sold one of my houses for 900k. Which I bought for 300k 25yrs ago. And it even was due for major renovations. Well, could have. Actually sold to them for 500. Didn’t wanna be an idiot but also didn’t want to rip them off. I did nothing of value to justify that gain. And they were very happy. Still unfair…
The market is broken.
“one of my houses”
Have you considered that you are the problem?
Why? Unless you’ve got hundreds of millions or more, you’re just another poor sobbing bastard for the elite. Just a bit less poor than the others. Insignificant in everything.
Also, I paid double market-average for employees, with come-and-go-as-you-please and profit-sharing. Everyone.
I rent the houses/apts dirt-cheap. At the legally allowed minimum but with hidden added boni or paybacks or whatever else I come up with. Free power, free water etc. I don’t want to profit of someone else’s inability to own. I want to be able to look in the mirror without disgust.
And also I work for free in a shelter-thingie for abused or broken people, I help where I can.
If everyone would do that, we’d all be better off, wouldn’t we be?
What do you do to better society with the given means? Considering I’m the problem and you’re not? Egocentrism, narcissism, missing empathy and machiavellism (so basically the dark triad) are the root sources that rot the world (while being highly rewarded), not money.
I have a friend with five. He’s a traveling physician and has five practices each at least a hundred miles away from each other. I don’t entirely see him as part of the housing problem because he has a use for these houses that isn’t vacation.
Folk are mostly friends on here, so can you ease off the attack please?
not everyone that has more than 1 house is a rich person. most of the time its people who had a generational house that wanted to move to another, while trying to pay off taxes or new houses by renting. its the airbnb, and corporate landlords that are the problem. Also rich nimby neighborhoods, a few years ago they blocked a low income housing in millbrae, and yes they were mostly white people. companies like blackstones, or real estate companies are raking in the dough and worsening the housing crisis.
and another incident, eventhough it looks wrong in similar area a company had bought hordes of VACANT houses and decided to let it sit there for years, and there was a whole incident mutliple squatters got in and forced the sale of the house to them after a long social media uproar.
the CURRENT people buying the houses like in OP pic are Transplants from other states moving here in droves.
300,000 euros in 2001 is, inflation-adjusted, 512,000 euros in 2026. If you sold at 500k euros, you sold for slightly less than you bought it for in real terms.
It was still the same sum though. I got money, they got a house way cheaper than they planned for. Everyone’s happy. I see no problem?