- Joined
- Feb 4, 2020
- Messages
- 62
Rep Bank
$380
$380
User Power: 53%
Hi guys and gals,
I’d like to open a reliable thread about global real estate market current status.
I’m writing from Italy, where the culture is so many different compared to English-speaking countries and other countries, for example Germany, where there is no “home-ownership” strict culture.
In the light of what is happening in Russia and Ukraine, the problem of gas cost increasing, but also because of a global bending in house trades, lead me to first question:
1st question: Can we suppose that house costs are destined to decrease in price in 2023?
Then, this question leads to the second one: I’m considering to buy a house, 1077 square feet (100 square meters), 4 rooms, 323 square feet of terrace as well.
House pricelist is 170.000 eur, that I can negotiate to 150/155.000.
If I try to wait 2023, the same house should be bought for 155.000 pricelist, negotiated to 145/140.000, in expectation.
2nd question: If I buy the house right now @ 150/155k, to live into, and considering I have to borrow around 30.000 eur to meet the necessary advance to open a mortgage, can it be considered a good investment? (Total advance payment will be between 40.000 and 50.000 euros).
The more time I wait on buying a house, the more I increase my savings, the less I have to borrow for lending.
I mean, current rent rate in Italy, for a 2-rooms, 430 square feet, is over 600 euro per month.
While, buying this house I’d have a mortgage cost of around 415 eur per month x 30 years – that I plan to close within 15 years. (in addition of 437 eur/month to be paid for 120 installments for the lending of 30.000 € I mentioned above, that I plan to close in 5 years).
Also consider that Italy has a “partial refund system” for mortgage installment for 15 years.
Let’s make it clear: I don’t like this situation, financially speaking.
The perspective to leverage on rent and not to pay this huge advance and use money for investment, entices me a lot.
On the counterpart, I hate the idea to pay over 600 eur per month for the rest of my life, for a rent, even considering that mortgage installment will be partially refunded by the state.
I know that, financially speaking, buying a house is usually a bad idea. Financial gurus do nothing but repeat it, every time.
But, considering rental market situation, is really a bad idea to actually buy an house?
Thanks if you want to help me develop a useful thread
I’d like to open a reliable thread about global real estate market current status.
I’m writing from Italy, where the culture is so many different compared to English-speaking countries and other countries, for example Germany, where there is no “home-ownership” strict culture.
In the light of what is happening in Russia and Ukraine, the problem of gas cost increasing, but also because of a global bending in house trades, lead me to first question:
1st question: Can we suppose that house costs are destined to decrease in price in 2023?
Then, this question leads to the second one: I’m considering to buy a house, 1077 square feet (100 square meters), 4 rooms, 323 square feet of terrace as well.
House pricelist is 170.000 eur, that I can negotiate to 150/155.000.
If I try to wait 2023, the same house should be bought for 155.000 pricelist, negotiated to 145/140.000, in expectation.
2nd question: If I buy the house right now @ 150/155k, to live into, and considering I have to borrow around 30.000 eur to meet the necessary advance to open a mortgage, can it be considered a good investment? (Total advance payment will be between 40.000 and 50.000 euros).
The more time I wait on buying a house, the more I increase my savings, the less I have to borrow for lending.
I mean, current rent rate in Italy, for a 2-rooms, 430 square feet, is over 600 euro per month.
While, buying this house I’d have a mortgage cost of around 415 eur per month x 30 years – that I plan to close within 15 years. (in addition of 437 eur/month to be paid for 120 installments for the lending of 30.000 € I mentioned above, that I plan to close in 5 years).
Also consider that Italy has a “partial refund system” for mortgage installment for 15 years.
Let’s make it clear: I don’t like this situation, financially speaking.
The perspective to leverage on rent and not to pay this huge advance and use money for investment, entices me a lot.
On the counterpart, I hate the idea to pay over 600 eur per month for the rest of my life, for a rent, even considering that mortgage installment will be partially refunded by the state.
I know that, financially speaking, buying a house is usually a bad idea. Financial gurus do nothing but repeat it, every time.
But, considering rental market situation, is really a bad idea to actually buy an house?
Thanks if you want to help me develop a useful thread
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
