https://today.rtl.lu/news/luxembourg/a/2046763.html

It’s like 3 or 4 days in a row now that I see housing related topics in RTL Today lol

19 comments

  1. Guarantees for investors.

    Imagine turning up at the casino in Vegas and asking for a guarantee that your money is at no risk once you’re inside. Fuck these guys.

  2. I think it perfectly shows what the sentiment is currently and how scared the whole lobby is (banks, developers, construction companies and sellers). I really wonder how future of real estate will look like in Lux.

  3. The on-going publication by RTL of “key players” in the sector whining about how they need help and support is cringe. But verifying those companies profits of the last years shows their true motivation for keeping the pre-decline situation alive!

  7. They are trying to scare people by saying rent is going up like crazy. However I haven’t seen any real stats about this. Personally I’d like to move to a bigger apartment and rent seem more or less like last 2-3 years.

  8. Fuck everyone who’s made millions or billions out of making housing unaffordable. Housing should be a right and this situation should be considered a tragedy.

  10. * People gambling on variable rates want help
    * Real estate agents, who have been able to cash in with minimal effort for the past couple of years, want help
    * Construction companies and RE developers want help

    Maybe it’s time to take a step back and accept that a market can head into a less favourable direction too, no?

  11. The government has, to my surprise, ruled out a “plan de maintien d’emplois”, which the sector has asked for and I do welcome that.

    I find their lobby guy to be quite blatant, trying to blame the governments for not saving jobs, while all they have to do is reinvest some of their past profits.

  14. I think it is funny reading that now rent will go very high and houses will not become cheaper because increase in interest rates is higher that potential decrease in house price. So, everyone says that nothing changes and it will become even more expensive to live here.

    For this to be true we need to assume that there will always be people here ready to pay whatever price. Luxembourg is less and less attractive. Medium family income was in 2020 less then 5k/month. It was increased since than but for sure not that much to enable that medium 2 bedroom cost 3k and 3bedrom 4k to rent a month.

    Some balance will establish unless government tries to intervene and again distort market in favour of landowners. In long run that action would erase Luxembourg as attractive place to work.

  15. Let them go bankrupt. And I hope the housing bubble will burst. Honestly I don’t even care who will be jobless and whatnot because of it. Housing should be affordable and if it means that some millionaires from outside of Luxembourg or some of the big companies a la Blackrock and whatnot lose millions of Euros…WHO CARES? If I lose money in crypto I own it and don’t go crying to the government that they should give me my money back. There are no guarantees and it’s not the job of the taxpayer to pay for it. Soometimes even the idea of taxes is so counteproductive because at the end it will be used to save and support the big guys and not the little guy.

  16. I arrived here relatively recently. I have no experience in journalism or freedom of speech. i have basic knowledge of economics.

    as much as i hate these blood sucking leeches, I only imagine that if they go bankrupt, prices will soar because the supply of housing will halt (in quantity). or could the prices fall because the current prices are inflated? can someone correct me?

    ​

    if these newspaper articles are sponsored by these investors, and these journalists writing them, and the platforms where they are published, aren’t really neutral, is there a way to express an opposing opinion? because we dont want politicians or government to take action and waste taxpayer money?

  18. Currently which party supports not bailing out these leeches and has concrete plans to build more affordable housing? And by concrete plans, I mean not airing lofty ideas, which the Gambia government is doing right now. Maybe we can bring that party to the government.

  19. “We need to motivate people to buy”

    Well… start by decreasing price?

    I never understood why houses in Luxembourg cost at least 50% more than across borders. I don’t even consider the land. Just take a prefabricated house from the same company, working either in France or Germany, the same house will cost way more in LU.

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