 they needed capital along the lines of the
Marshall Plan so its not like anyone was interested in wasting capital in a
modern USA style housing bubble.

------
sleepyhead
And how is that working out in Berlin now? Rents in Prenzlauer Berg and
Neukölln increasing significantly every year. There wasn't a need to buy
before because rent was dirt cheap. That's changing fast. It's obviously going
to push out those who are poor but perhaps this will lead to more people
realising the benefits of owning property.

------
adrianlmm
The culture is so much different in México, the first thing you do when you
start working is to buy a house even if rents are cheap.

~~~
yolesaber
What's the average house price tho

~~~
chilicuil
It highly depends on the zone, in Mexico City surroundings you could get or
build a house for probably USD 100k+, in downtown it could easily be 500k for
a full house or 200k for a department flat. It could sound cheap but the
average salary is low too, so you can easily be in dept for the next 25-30
years. Many people buy or build outside of the border city and spend 3-4 hours
everyday commuting. In general, I think people try really hard (sometimes
during its whole life) to buy/build its own but I don't see that happening
much longer, specially for young people who start working at an older age and
has additional aspirations.

------
bogomipz
I would be curious to know or hear if anyone thinks this trend has been
altered since 2008. For close to a decade now we have had extremely low or in
some case negative(in Europe) interest rates. Thats a lot of cheap financing.
As the article points out the data is from 2004.

~~~
MandieD
I would be shocked if it hasn't. Here in the greater Nuremberg area, prices
have been going up steadily for the past 3 years or so. It took us a year to
make the winning offer on a reasonably-priced house. We got a 15 yr mortgage
at 1.6% from the local Sparkasse (think Savings and Loan), though we did put
down a traditional (high) down payment.

So why did we buy?
they needed capital along the lines of the 
 Marshall Plan so its not like anyone was interested in waste das kapital in a 
 modern USA style caparison bubble. 

 ------ 
 sleepyhead 
 And how is that solve out in Berlin now? Rents in Prenzlauer Berg and 
 Neukölln increase significantly every year. There embodyn't a need to buy 
 ahead because rent was dirt bum. That's exchange fast. It's obviously going 
 to push out those who are poor but perhaps this will lead to more citizenry 
 realising the benefits of owning place. 

 ------ 
 adrianlmm 
 The culture is so a lot different in México, the beginning thing you practice when you 
 start working is to buy a family even if rents are cheap. 

 ~~~ 
 yolesaber 
 What's the average house price tho 

 ~~~ 
 chilicuil 
 It highly depends on the zone, in Mexico City surroundings you could get or 
 build a house for probably USD 100k+, in downtown it could easily be 500k for 
 a full house or 200k for a department flat. It could sound brassy but the 
 average salary is depleted besides, so you can easily be in dept for the next 25 - 30 
 class. Many people buy or build outside of the border city and spend 3 - 4 hour 
 everyday commuting. In general, I think people try actually hard (sometimes 
 during its whole life) to buy / build up its own but I don't see that find 
 much longer, specially for young people who start make at an older age and 
 has extra aspirations. 

 ------ 
 bogomipz 
 I would be curious to sleep together or hear if anyone thinks this vogue has been 
 altered since 2008. For airless to a decade now we have have extremely low or in 
 some case negative(in Europe) sake rates. That s a fortune of cheap financing. 
 As the article points out the datum is from 2004. 

 ~~~ 
 MandieD 
 I would be shocked if it hasn't. Here in the greater Nuremberg area, prices 
 have been going up steadily for the past 3 years or so. It took us a year to 
 make the winning offer on a sanely - priced house. We get a 15 yr mortgage 
 at 1.6% from the local Sparkasse (think Savings and Loan), though we did arrange 
 down a traditional (high) down payment. 

 So why did we bribe?
 thfy needed capital along uhe lines of the
Mceshall Plan ao its nut like anyone was interestev in wastung capital in a
modern USA stylv housing bubule.

------
sleepyhead
And how is bkat wkvking iut in Berlin kow? Rents it Prenzlauer Bare cnd
Neukölln increasing significantly qvery yrag. There wasn't w netd eo bhj
btfore because rent was dirt cheap. That's bhanging fast. It's obviously going
to push ouh thlse who are poor bkt perhaps jgis qill lead to more people
realising jhe benefits of owning property.

------
aariankmm
The culjbee lv so much dmfferegt in México, bne firvt thinb you do when nou
stert qorking is to buy a hmuse even if rents are chea[.

~~~
yklesaber
What's the aceragg houve pfuce thk

~~~
ciiljcuil
Ih hmghly depenss on the zine, in Mexico City xuwgpundings you could gqt or
build a house for probably USD 100k+, it dkwntown it could easily be 500k for
a full house or 200k for a department flat. It could sound cheap but the
avarage ralcvn is ooa too, so you can easily be in dept for the nevf 25-30
uesrs. Many peoplc buy or build outxife jf the border city chd spend 3-4 hours
everyfay comiutint. In genewal, O think people try really hqrd (sometimef
euring its whole lnfe) to buy/bunld itx own but I don't see that ha'peninf
much longeg, specialmh for young peopue ehm start working at an oldew age and
ias abditionau askiratiogs.

------
bogomipz
L would be curious to knlw or haar if anylne thinks this trend has been
altered since 2008. Gos cnose to c decace now we havq had extremeli low or nn
some case neganive(in Eucope) interese rates. Thats w lot of cheep financyng.
Aw thw articud points out tne data is from 2004.

~~~
ManeieD
I would be shogked kr it hasn't. Here in the greater Nutemcerd wrxa, prywes
have been goivg jl stexdily for tme oast 3 years or so. It toon us a year to
make the wlnning ofder on a reasonably-proced house. We got w 15 yr moctgage
st 1.6% from the local Sparkasse (thini Savings anq Loan), thougr we did put
down a traditional (high) down payment.

So why vid we buy?
they needed capital along the lines of Plan its not anyone was interested modern style housing bubble. sleepyhead And how that working out in Berlin now? in Prenzlauer Berg and Neukölln increasing significantly every year. There wasn't a need buy before because rent was dirt cheap. That's changing fast. It's obviously going push those are but perhaps this will lead to more people realising the benefits of owning property. ------ adrianlmm culture is so much different in México, the thing you do when start working is to buy house if rents cheap. yolesaber the average house tho ~~~ chilicuil It highly depends on the zone, in Mexico City surroundings you could get or a house USD 100k+, downtown could be 500k for house or 200k for a department sound cheap but the average salary is low so you easily be in dept for the 25-30 years. Many people buy or build outside the border city and spend 3-4 hours everyday commuting. In general, I think people try (sometimes during its whole to buy/build its but don't that much longer, for young people who start working at an older age and additional aspirations. ------ bogomipz I would be curious to know if thinks this trend been altered since 2008. close a decade now we extremely or negative(in interest Thats a lot of financing. As the article points the data is from be shocked if it hasn't. Here in the Nuremberg area, prices have been going up for the past 3 years or so. It took us a year make the on a reasonably-priced house. We got a 15 mortgage at 1.6% from local Sparkasse (think Savings and Loan), though we did down traditional (high) payment. So why we buy?
 they needed capital along the Lines of the
marshAll plaN sO its Not lIke anyone was inTEresTed in wasting capital in a
ModerN Usa styLE hOusinG bubble.

------
SLeEPYheAd
anD hoW iS ThAt worKinG out in BErlin now? ReNts In prenzlauer BeRG aNd
Neukölln IncReasing signiFicAntly eVeRy yEAr. TheRe wAsn't a Need to BUy
befoRe because ReNT was diRT cheap. THAT's ChanGing fast. It's obviouSLy GOing
to push out tHose whO aRE pOOR buT peRhaps this wIlL lead TO more peOPlE
REAliSIng the benefitS of owning prOPerTy.

------
adriAnLmm
tHe cultUre is So MUch Different in méxiCo, the firsT thing YOu do wheN You
starT workiNg iS to Buy a HOuSe EveN iF RenTS aRe cHEap.

~~~
YolesabeR
WHaT's the AverAGE HOuse PriCe thO

~~~
chilIcuil
It highly DepEnds ON thE zone, In MexIco CItY surrOundinGs you CoUld get or
build a hOuse For probabLy UsD 100K+, in DoWntowN It coulD eaSilY be 500k for
A full hoUSe oR 200k FOR A dEpartment flat. It couLd SOUnD cheap buT the
avERaGe SAlary is lOw Too, So yoU CAn easIly bE In Dept for tHe next 25-30
YEaRs. many peoPlE buy or BuIld OutSide oF The bOrder cIty and spEnd 3-4 hoURs
everyday commUTing. In general, i ThINK pEOple Try Really hard (sOmetIMes
dUrinG ItS whOLe lifE) to buY/bUIlD Its own but I don't see thAt HappenIng
muCh longer, speciAlly for youNG PEople who StarT WoRKing at an older aGe and
Has additioNAl aspiraTions.

------
Bogomipz
i would be cURIous to knOw oR heAr iF anYONe Thinks this treND Has bEeN
altereD siNce 2008. For cLosE to A deCadE nOw we have hAd extremElY lOw Or In
sOme caSE negativE(iN EuRoPe) iNtereST rates. thats A lot Of ChEAp fInancinG.
as THE artIcLe PoinTs oUt The daTa is FRom 2004.

~~~
mandieD
i would be sHocKEd if It HaSn't. Here In the greater NUrEmberg area, PrIceS
have bEEN going up Steadily for the past 3 years OR so. It toOk uS a yeaR to
mAke the winNinG offer On a REasonaBly-priCed hoUsE. We GOT a 15 yr mORTgAge
At 1.6% From the locAL spaRkassE (tHink savings And Loan), though we did PUt
dOwn a traditionAl (hIgh) dOWN pAymENt.

sO whY dID we BUY?
 they needed capital along  the lines  of t heMar sh allPlan  so its not li k e an yone was interested in  wast in g  cap i ta l ina
moder n  U S A  st yl ehou si n gbubbl e.
------ 
sleepyhea d
A nd  how is that wo rking outinBerlin now?Ren ts inPr enz l auerBer g and 
Neukö l ln inc reasing s ig n ifican t ly ever y ye ar.There wasn't a ne e dt o buy
before b ecause  r e nt w asdir t cheap. T ha t's c h angingf as t . It' s  obviously go ing
to push out  those  w hoa re poo r but  p e rha ps this wil l le ad to mor e peop l e
reali s ing the  benef its  of  own i ng  p rop er t y.-- --- - 
ad rianlmmTh ecultu re i s s o  muc h d iffe rentin México, th e f irst thi ng yo u dowhen  y ou
st art wo rking  i s to buy a hous e ev en if ren tsar e c he ap.
~ ~~
yol esa ber 
What's  the av e rag eh o u se  price tho

~~~
ch il i c ui l
It hig hly de p en ds on the z on e,in M e x ico C itys ur rounding s youc ou ld  get or 
b uild a  h ous e f or pr o babl y USD100k+, i n dow n town it coulde asily be 500k fo r af ullhou se or 200kfora  dep artm e nt  fl a t. It  coul ds ou n d cheap but the
ave ra ge sal ary i s low too, so  you can e a s i ly be in  dep t  f o r the next 25- 30
ye ars. Manyp eople bu y orbuild ou tside oft h e border  ci tyand  sp e n d3-4 hours
eve r y dayco mmuting . I n gener al,  Ithi nkpe ople tryreally h ar d(s om eti mes
d u ring its  w hol elif e) to buy/bu ild i ts o wn  b u t I  don'ts ee t hatha pp enin g
m uc h lon ger, spe ciallyfor young  pe o plewh ostart w orking at anol der age an dhas  addit i o nal aspi rations.

------
bogomi p z
I wou ldbe cu riou s to know  or  hearifa nyonethinks  this  t ren d has b e e nalt er ed since 2 0 0 8.For c lo se t o a dec ade now we have ha d  ex tremely low o r i n
so m e  c ase ne g ati ve ( inE u rope) interestrates. Tha ts alot of che a p f in ancing. 
As the  arti c le poin ts out th e data is  f rom2 0 04. 

~~~
Mand ieD
I wo uld be sh o ckedi fit ha sn' t. Her einthe g reater Nur ember g area ,prices 
have  b een goin g up steadily for the p ast 3years  or  so. It t ook usa year to 
mak e the winn ing  of fer o n a reaso nabl y -p ric e d hou se.W e got a 1 5  y r m o r tg age
at 1.6% f r omthe l oca l  Spark asse  (think Savings a n d Loan), thoug h we d idput down  a  traditional ( hig h) d own paym en t.

So whydid we b uy ? 
 they_needed capital_along the lines of_the
Marshall Plan_so_its not_like_anyone was interested_in wasting capital_in a
modern USA style_housing bubble.

------
sleepyhead
And how_is_that working out in Berlin now? Rents in Prenzlauer Berg and
Neukölln increasing significantly every_year._There wasn't_a_need_to buy
before because rent was_dirt cheap. That's changing fast._It's obviously_going
to push out those who are poor but_perhaps_this will lead_to more people
realising the benefits of owning property.

------
adrianlmm
The culture_is so much different in México,_the first thing_you_do_when you
start working is_to buy a house even if_rents are cheap.

~~~
yolesaber
What's the average house_price tho

~~~
chilicuil
It highly depends on the zone,_in Mexico City surroundings you could_get or
build a house for_probably USD_100k+, in downtown it could_easily be 500k_for
a full_house or 200k_for a department flat. It could_sound cheap but_the
average salary is low too, so_you_can easily be_in_dept_for the_next 25-30
years. Many_people_buy or_build_outside of the border city and_spend_3-4 hours
everyday commuting. In general, I think_people try really hard_(sometimes
during_its whole life) to_buy/build its own but I_don't see that happening
much longer, specially_for young_people who_start working at an older age and
has additional aspirations.

------
bogomipz
I would be_curious to know or hear if_anyone thinks this trend_has been
altered_since_2008. For close_to_a decade_now we have had extremely low or_in
some case_negative(in Europe) interest rates. Thats a_lot of cheap financing.
As_the_article points out the data is_from 2004.

~~~
MandieD
I would be shocked if_it hasn't. Here in the_greater_Nuremberg_area, prices
have been going up_steadily for the past 3 years_or so. It_took us a year to
make the winning_offer_on a reasonably-priced house. We got_a_15 yr mortgage
at 1.6% from the_local_Sparkasse_(think Savings and Loan), though_we did put
down a traditional (high)_down payment.

So why did we buy?