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Buy to rent US vs EU

notinuse1245

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Jun 13, 2021
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Quick background info: I currently live in Germany, and I have about 30k€ I saved up over the last year. My current apartment is super cheap and there is no reason to buy a similar apartment in the area.

I was looking at apartments to buy in Germany, but tbh the average rent is just way too low to rectify the price of an apartment.
I watched a couple of YouTube videos by American real estate investors and to me, it looks like real estate is overall cheaper and rent is more expensive.
Does anyone have the same experience or is there anything I am missing?
Also, does anyone have experience with investing in US real estate as a non-US resident?
 
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D

Deleted85763

Guest
Quick background info: I currently live in Germany, and I have about 30k€ I saved up over the last year. My current apartment is super cheap and there is no reason to buy a similar apartment in the area.

I was looking at apartments to buy in Germany, but tbh the average rent is just way too low to rectify the price of an apartment.
I watched a couple of YouTube videos by American real estate investors and to me, it looks like real estate is overall cheaper and rent is more expensive.
Does anyone have the same experience or is there anything I am missing?
Also, does anyone have experience with investing in US real estate as a non-US resident?
That's true. In western Europe apartment buildings can be worth 1 million but the apartments rent for only 600 euros per month. In the US generally a 1 million property would command rents of like twice or three or more times as much. In the US depending on where the property is located annual property taxes can be very high, like $20,000 each year.
 
D

Deleted85763

Guest
That's true. In western Europe apartment buildings can be worth 1 million but the apartments rent for only 600 euros per month. In the US generally a 1 million property would command rents of like twice or three or more times as much. In the US depending on where the property is located annual property taxes can be very high, like $20,000 each year. That is a major consideration.
 

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