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AMAA - Germany - Why Germans Don't Buy Their Homes - Reaction by Average Middle Aged American
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- เผยแพร่เมื่อ 24 มิ.ย. 2024
- In this video, I react to and discuss the video: "Why Germans Don’t Buy Houses | Feli from Germany." My commentary is based on my opinion as an Average Middle Aged American that had not yet been to Germany or even Europe. :-)
#americanreacts #averageamerican #averagemiddleagedamerican #americantourist #americantourists #touringeurope #europeantravel #europe #cultureshock #europeantourist #europeanunion #germany #germanhomes #german #germanhouse #americantourist #americanreacts #american
Original Video: • My American Boyfriend’...
@FelifromGermany
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![American reacts to THE BEST GERMAN MEMES [#56]](http://i.ytimg.com/vi/3VK7fQlA51I/mqdefault.jpg)
We are Proud !The Dignithy of the people is so important!Hard Capitalismus Kills people! Greetings from Germany
WW1/WW2 cough, cough tens of millions dead cough cough. Hundreds of millions dead globally by similar governments.
It'll take "capitalism" a few thousand years to catch up to that mountain of bodies.
If ppl think it’s a wow how German laws protect the tenants, try Holland. I had to move from Holland to Germany for business reasons, but couldn’t rent out my house. I wasn’t sure if and when to return. While German laws protect the landlord if they need that property not only for themselves, but a close family member, it works different in The Netherlands. They say, well owning that place isn’t good enough to let you move in. You need to prove that you have a better reason than the tenant to actually live in your own house 😂.
Sad. In America, your lease terms are all that matter, like any normal control. Tenant is protected while the lease is valid. Simple.
Yes, unlike most developed, democratic and capitalist countries, the US is the most capitalist. Advantage for the rich, i.e. a minority.
My landlady hasn't raised the rent on her 6 flats for 10 years. In return, she gets her rent on time every month, and she has no vacancies and peace.
Of course, nothing for landlord locusts.
The next crisis, like in 2008, caused by real estate speculators, is probably just around the corner. Learned nothing?
You dont lose money unless you sell in a low market. In the last 50 years, real estate prices have fallen a handful of years.
People invest in rental properties. Turns out having regulations in place which force landlords (oftentimes companies) not to treat you like shit, doesn't affect the bottom line much, it's entirely positive.
You are certainly entitled to your opinion.
I pay €350 + €70 service charges for a 35 square metre flat with balcony, parking space and cellar. In a holiday area that you've already seen in videos, namely Lake Constance.
It's not that you can't evict your tenants, but not for purely speculative reasons. Germany survived the economic crisis caused by US property speculation better than most countries. (Sorry I had to say that)
We don't have these ups, but we don't have these downs either, we are very stable.
I must admit, I cannot imagine paying $500-$600 per month for rent. I pay that much for utilities. Obviously, the size difference is dramatic but so is the price difference. No one lost money in the housing crash unless they sold short. It only took a few years to recover and of course many made a lot before the crash. Inflation is our biggest problem right now. We have a flat rate mortgage and plan on keeping our home forever, so market fluctuation is not quite as important to us as many.
@@Average_Middle_Aged_American well, you just created a bigger bubble that will someday burst open again.
@@lorenzsabbaer7725 yes BOOOOMMM!
@@Average_Middle_Aged_American
Are we talking about the same crisis?
The financial crisis was triggered by the fact that property prices in the USA, which had been rising for years and had developed into a property bubble, stagnated and fell in some areas. With rising interest rates and falling resale values, many borrowers were unable to repay their loan debt.
Banks collapsed and many countries around the world spent a lot of money to prevent even worse things from happening.
Goldman Sachs 🤮
Hope it works out for you as you imagine!
@arnodobler1096 - probably not. You are probably referring to adjustable rate mortgages and banks lending to the unqualified. I am referring to market value of homes.
Hi , here I the uk we seem to have a shortage of social housing , a friend of mine private rents but could not keep up with the rent as her landlady raised it due to cost of living crises, she went to the council to be put on the list and was told she'd have to move up north. Years ago you could easily get into social housing ( Council houses we call them ) my mum actually bought hers back in the 90s through the right to buy scheme brought in by Thatcher . But immigration has got a bit out of control here , a little island nation taking in more and more people with little housing as it is , I fear my kids who one is private renting the other still at home have the opportunity to own there own home one day but it's not looking good for them right now . At least I can help them out when I sell my mums home a bit. Sorry for the long post . 😊
Middle Aged German here. Your reaction is so german. Honest, critical and negativ. But, to be fair, this is a difficult topic and a science of its own. Nevertheless, there are 635.000 homeless people in the rich and proud USA - in my opinion too much.
@carstenengel8020 - USA is lower than many other countries including: New Zealand, Canada, UK, France, Australia, Luxembourg, Greece, Sweden, GERMANY, and Austria. Have to remember, USA has 340,000,000 people. Most of our homeless are in the most expensive areas in the country - California.
Thats the case in most of continental europe i was actually surprised home ownership was that high in germany.Its very high in switzerland for different reasons probably more to do with the topography thats not suited to standalone or even terraced housing therefore most of the housing is multistory.I am not sure how it works though they are famers who rent out their apartment buildings in switzerland its huge corporations who own vast amounts of property and therefpre spread the risk out.If someone is unemployed there is help with rent from the government,but the swiss will kick you out if enough of the neighbours complain or the apartment is untidy not sure what the laws are but i know from my sister they will kick you out.
Switzerland has lower home ownership, but Albania has almost 90%, so it says nothing.
So to be completely honest. Most people in Germany rent their homes nowadays simply because we cant afford to own property. The Demand for it is really high and the supply of it is really low. The same house my Grandma payed 130.000€ for would now sell for 1mio € +. Germany itself is a rich country but theres many factors that influence the wealth of the individual that lives there. For example Germany is in the third spot in the amount of taken in refugees and they all need a home aswell and germany pays millions of euros to foreign developing countries to help them out. On top of that Germany wants to defeat its past (wich is a good thing) and therefore has the mentality of needing to be a role modell for everything (Mostly hurting the working people that pay taxes). One outcome are the new climate rules and electric cars hurt the industry more than you can imagine. Our biggest income is the production and sale of cars (Mercedes, Audi, BMW, Volkswagen, Porsche and so on) and the Government is doing its best to destroy that industry by passing emision laws and regulations. Many Companys that dont directly build cars are involved by being the ones that supply tools and machinery needed to build them. So theres a huge cut in employment in these sectors. Then theres super high taxes on everything in germany we get taxed around 40-45% of our gross income. In southern germany where i live housing prices are usually a bit higher than in the east or north (excluding cities) and so on. Me as an 22yo that has finished school, went to vocational buissness school and has now finished an apprenticeship (a 3year learning period with 4days of work and 1 day of school per week that you have to do in germany to be certified to work in a job) as a specialist in computer science i now get job offers at around 2000€ after tax a month at 40 working hours a week. At average rent prices of around 800€ a month i have 1200€ left, i pay 200€ each months for my car in taxes, i pay around 300-400€ in food each month and we all have other expenses. Leaving me with around 400-500€ left a month to save. Houses in my area that are mid sized and include a garage and a small backyard are sold upwards of 500-600.000€. Taking out a credit of 550.000€ at 4% is 572.000€ to pay back and at 1200€ (rent saved + the 400€ left) a month to pay back i would pay for that house for 39,75 years starting now (also leaving no room for unexpected expenses). Of course your salary increases over time but it is still almos impossible to own a house or even a apartment/flat. The only ones actually owning property are the investors that rent out properties and use the rent money to pay off the monthly credit amount so they basically get a house that pays itself off. Then again theres places where the same size house costs 100.000€ mainly in the east of germany. Gettin back to my point: Inflation + to much demand + a upwards trend of single households + high taxes results in a wealthy country as a whole but with not so wealthy individuals.
You have to pay 200 euros per month for a car? Thanks for your replying.
@@Average_Middle_Aged_Americanwell we have road taxes, emissions taxes and you are required to insure your car to register it to be allowed on the road. Under 25yo ur classed in a special high risk group an pay more than older ppl. So yeah its about 120€ insurance and 80€ taxes each month and then i also need gas
@@Prearc - gotcha. Thanks!
Hi from Scotland
HOWDY from America!
My accessors are Scottish and German (and English)
This is funny. A video about another video.
Look harder, you will find me reacting to a video reacting to a video reacting to the USA.
@@Average_Middle_Aged_American I have been using the internet since the mid-80s. Back then we had NSFNET, arpanet, bitnet, uucp, and others.
cool. my first modem was in the 70s and it was 300 baud.
@@Average_Middle_Aged_American Wow, that was fast back then. I joined the Navy in 1983 and they had systems with core memory. I later went to a university and majored in computer science and mathematics. This is where I was exposed to all those networks I wrote about earlier.
@@ArtFreeman - very cool. I was just a kid in the 70s. I think I started with Atari 400, then 800, then 800xl, c64, Tandy 1000, etc etc etc. Blows my mind to think my phone is more powerful than old NASA computers.
Funny how this guy thinks he can kick his tenant out because he’s partying. What if your next door neighbor actually owns his place and parties all the time. How do you kick him out 😂.
Obviously he doesn’t get it. Those are covered under different disturbance laws.
I was flabbergasted when he asked what if you don’t like your tenant. If she/he pays his rent and takes proper care of the property, that’s enough reason to like him. You can’t kick out your blondie tenant whose hair became grey and you don’t like her anymore.
You get flabbergasted easily.
I have been told you can kick out a tentant if you give proper notice, and I have been told you can't. Which is it?
@@Average_Middle_Aged_American needless to say. If your tenant doesn’t pay the rent, there’s no notice period. But still the landowner needs to go to court. Happened to me. I was hospitalized for 3 months, which the landlord knew because she called my sister and informed her that I was taken by an ambulance. Still she filed a lawsuit to kick me out and while the court was going on in my absence, I regained consciousness and took matters into my hands. She terribly lost and was stuck with all the court costs.
@@Average_Middle_Aged_American you can also kick out a tenant if you have a good reason as Felli explained. Like you or an immediate family member needs it. 1. You need to prove it. 2. You can’t rent out that place again for a certain period of time and 3. You need to give notice
@jadejada2260 - so you have to have a reason even with proper notice? If so, that is ridiculous.