philpo,

(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.

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