Definitely should have provided some context there instead of just whining polemically, appreciate it.
I’m sure several factors lead to this, population density might be another one. But the truth is that the housing market in germany is pretty fucked right now. Not enough houses are being built because of absurd regulations and real estate companies are buying up the remaining ones just to jack up prices, often even without allowing people to live there.
Rents and property prices are skyrocketing as a result. I’m 31 and make about 50k a year, which is pretty much the median salary here, and with about 60% of my salary evaporating just for renting a one bedroom apartment outside of the city, ever buying my own property seems impossible to achieve.
Also, our government right know somehow expects the middle class to pay for CO2 neutrality in addition to everything else, while rich people barely get taxed and mega corporations receive billions in subsidies to build environment destroying factories.
People are so frustrated with this that they vote for right wing parties (in fucking Germany of all places), because every other party is too fucking tone deaf to do something about social equity
I’ll admit it was a pretty rough estimation. I make more like 47k. My rent is 1.045€ including extra charges and a parking spot (the parking spot was not optional) for a 65m² apartment JUST within the city limits of Hamburg. If you wanna include costs for electricity and internet i’m looking at about 1200€ per month just to live there so i feel like my point still stands. Nothing golden about it and sure can’t afford a butler, but thanks for actually doing the math.
Definitely should have provided some context there instead of just whining polemically, appreciate it.
I’m sure several factors lead to this, population density might be another one. But the truth is that the housing market in germany is pretty fucked right now. Not enough houses are being built because of absurd regulations and real estate companies are buying up the remaining ones just to jack up prices, often even without allowing people to live there.
Rents and property prices are skyrocketing as a result. I’m 31 and make about 50k a year, which is pretty much the median salary here, and with about 60% of my salary evaporating just for renting a one bedroom apartment outside of the city, ever buying my own property seems impossible to achieve.
Also, our government right know somehow expects the middle class to pay for CO2 neutrality in addition to everything else, while rich people barely get taxed and mega corporations receive billions in subsidies to build environment destroying factories.
People are so frustrated with this that they vote for right wing parties (in fucking Germany of all places), because every other party is too fucking tone deaf to do something about social equity
50k a year is 2660 € per month with taxes deducted. 60% are 1600 €.
WTF! This must be a golden apartment with butler.
TBH I don’t believe you.
I’ll admit it was a pretty rough estimation. I make more like 47k. My rent is 1.045€ including extra charges and a parking spot (the parking spot was not optional) for a 65m² apartment JUST within the city limits of Hamburg. If you wanna include costs for electricity and internet i’m looking at about 1200€ per month just to live there so i feel like my point still stands. Nothing golden about it and sure can’t afford a butler, but thanks for actually doing the math.
So it’s more like 42% including heat.
And the one bedroom apartment is probably a flat with three rooms plus bathroom.