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Joined 2 years ago
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Cake day: June 12th, 2023

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  • This is an old one for many countries…but I fear a housing crisis in Germany.

    Right now it’s not as prevalent as in the us for example but there are no steps taken to prevent it becoming a major social issue.

    • Construction industry suffers from high prices and a lack of workforce
    • The only housing that is being worked on are luxury properties
    • Infrastructure development in rural areas where housing is still affordable is not progressing
    • Regulations and hurdles for new buildings are more difficult and complex than anywhere else
    • Real estate ownership is often only possible through inheritance/generational wealth, as income is extremely highly taxed