Houses for SALE can be online for a long time… but rentals are rarely empty unless they’re ridiculously overpriced.
Normal-Definition-81 on
„Houses listed for months slowly becoming cheaper“. Wow! Thanks Sumit for this great insight in markets…
username-not--taken on
This might be true in some weird, exceptional case. Otherwise, that is bullshit.
tosho_okada on
For buying/selling, the reality is that most people expect a negotiation, so a lower price suggests they’re narrowing their negotiation brackets rather than “things are getting cheaper”. Unless it’s extremely low, then it either suggests problems with property, problems with mortgage or owner wants liquidity.
schwoooo on
The houses I have seen “get cheaper” are already overpriced dumps that would cost the same amount again to bring up to habitability.
I literally saw a house with an 80 year old heating system, 80 year old electrics, wet basement and single pane glass windows on the market. And they still wanted a shocking amount for a dump that you couldn’t even move into because you would have to gut it first.
Immediate_Student_14 on
Maybe selective perception. I recently read a headline, that House prises are rising for the first time in 3 years.
Jakobus3000 on
This is of course complete bullshit.
The particular case will probably be a newly built development outside of rent control, those are often offered at more than triple the price you pay for regular apartments at the normal market, hence they will struggle to find people who are desperate, stupid and rich enough at the same time to pay such high prices.
Generic_Person_3833 on
Housing prices went up again.
Some markets like cities where the demand can’t afford the supply, the supply gets a tiny bit cheaper. But everywhere else it’s still rising and likely keeps rising.
Potential-Dance388 on
This is in an very expensive area. Maybe now there are enough flats for very rich people in Hamburg, so they needed to go a litte towards “I work for my money” at this special flat. Or maybe the owner expected somebody really living in Hamburg.
melenitas on
In Berlin, the flat on front of me, was around 4 months empty until it was finally rented. The cause might be that it cost 17 euros per square meter while I pay “just” 12 euros per square meter (contract started in 2019)….
10 commenti
Houses for SALE can be online for a long time… but rentals are rarely empty unless they’re ridiculously overpriced.
„Houses listed for months slowly becoming cheaper“. Wow! Thanks Sumit for this great insight in markets…
This might be true in some weird, exceptional case. Otherwise, that is bullshit.
For buying/selling, the reality is that most people expect a negotiation, so a lower price suggests they’re narrowing their negotiation brackets rather than “things are getting cheaper”. Unless it’s extremely low, then it either suggests problems with property, problems with mortgage or owner wants liquidity.
The houses I have seen “get cheaper” are already overpriced dumps that would cost the same amount again to bring up to habitability.
I literally saw a house with an 80 year old heating system, 80 year old electrics, wet basement and single pane glass windows on the market. And they still wanted a shocking amount for a dump that you couldn’t even move into because you would have to gut it first.
Maybe selective perception. I recently read a headline, that House prises are rising for the first time in 3 years.
This is of course complete bullshit.
The particular case will probably be a newly built development outside of rent control, those are often offered at more than triple the price you pay for regular apartments at the normal market, hence they will struggle to find people who are desperate, stupid and rich enough at the same time to pay such high prices.
Housing prices went up again.
Some markets like cities where the demand can’t afford the supply, the supply gets a tiny bit cheaper. But everywhere else it’s still rising and likely keeps rising.
This is in an very expensive area. Maybe now there are enough flats for very rich people in Hamburg, so they needed to go a litte towards “I work for my money” at this special flat. Or maybe the owner expected somebody really living in Hamburg.
In Berlin, the flat on front of me, was around 4 months empty until it was finally rented. The cause might be that it cost 17 euros per square meter while I pay “just” 12 euros per square meter (contract started in 2019)….