Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either [email protected] or [email protected].
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email [email protected]. For other questions check our partnered communities list, or use the search function.
6) No US Politics.
Please don't post about current US Politics. If you need to do this, try [email protected] or [email protected]
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
(German)Homeowner and (small time) landlord here: Yes. And I look forward to it. We bought an old house (think 1940ies) a while back and did renovate it. While it was expensive the absurd thing wasn't actually the price but the price for craftsman and material. The former already crashed heavily here (sadly not for the ones I need).
I rent out three apartments in the same house I live in. We have an average rent index here and I stick to it (even though I could easily get more as we don't include extras in our calculations that we normally could add to get more rent - and with that market we easily could get more.
The way we financed the house is based on the premise that the market will crash - it is not a regular investment in the sense that we will come out with a net positive. It is a way to make sure that we don't need to rent anymore (which is hell at times) and that we do have a place where we must not worry about rent when we are old. If the kids do inherit something,nice,but not a must.
We initially didn't even want something to rent out, but the perfect house was one with more than one apartment. So we said why not.
So why do I want the market to crash? Renting is absurd these days. Craftsman prices are insane. Both of these problems can only be solved once the market has crashed - which means either we have much less people (likely to happen,but late) or first pick up building subsidized apartments on a much larger scale (which makes the later problem much bigger). But if we don't do something soon it will make basic services (nursing is a good example) even unobtainable as people in these jobs won't be able to afford their rent in the more expensive regions. This will affect everyone.
I am gainfully employed but keep an eye on what's available in the US just to see what opportunities are out there. I started seeing some insane salaries and so checked the offers out. Five minutes of research shows that even with the highest salary , there is literally no place to live. Neither rent nor purchase. Because it's a service like Indeed, I don't see a way to contact the job poster directly and see if they are even aware this is an issue. Many of the postings are around one month old.
You mentioned nursing, here in the US, hospitals have been pared back to mostly large urban areas. This caused my brain to hurt.
Cheers and luck, I hope y'all don't end up renting in old age!
Funnily enough with nursing we are currently seeing the reverse effect now. Nursing generally isn't well paid here and due to public insurance/collective agreements we don't see that much variance in nursing wages - while rent does vary considerably between various locations.
This led to hospitals in the big cities (Munich and Hamburg especially) being disadvantaged in the current nursing crisis and patient sometimes have to be transported to smaller hospitals far away from their home. We saw cases last fall where critically ill children have been transported to Garmisch-Partenkirchen, Ingolstadt, Nürnberg or even Austria from Munich due to the lack of PICU nurses there. The opposite was the case for the last decades.