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lacertidae
9 months ago

Then let’s analyze this together:

4 years ago we had at the beginning of 2020.

  • There have been a total purchasing panic in the real estate market for several years. We had record prices. At the time the object was bought. Since then, the immbility prices have been significantly reduced. At the average you will be able to sell this thing for about +/- 600,000. So most likely significant loss. So no luck.
  • The interest was super cheap then. More than 30 years of loans were received at historically low interest rates. This is now extremely much higher. Whoever hit it can be happy.
  • Corona: it dead 2-3 years of Corona. For the cafe this means a good 2 years of total loss. Absolute catastrophe.
  • Now no more corona, but extremely difficult to find labour for the Gatro, and also the significantly higher minimum wage. Not good.
  • Inflation. It also meets the gastronomy. Electricity prices increased significantly, heating costs (gas) increased significantly in addition to purchasing goods much more expensive combined with consumer retention. Not good either.

So in summary, I don’t see any luck in sitting. I see the only positive in the interest rate situation if the mill was then financed with a long-term loan. I see the rest as clearly negative to very negative. I’d never want to.

Henny97
9 months ago

What’s that got to do with luck?

Probably simple credit and beforehand what accumulated from work

Millions of people in Germany are killed every day

DerRoll
9 months ago

Yes and now? People daily buy homes and homes and finance them with the help of a bank.

If you had taken your studies seriously, you wouldn’t have done so much wrong.

Rasentraktor007
9 months ago
Reply to  DerRoll

May still be, in Egypt, mills are much cheaper and probably also affordable for our Achmed.

He can report soon. 😎