The Housing Market Is Broken - Reasons Why TommyKay Needs To Buy An Apartment 

Dumbest thing in the world that he is charged a fee for keeping his money in a bank account

Man I have the exact same issue. I live with my parents but I've been wanting to move out for so long but when I do the math it doesn't make any sense. If I start renting, the amount of money that I can save up decreases so much that we're moving from like a 3-4 year plan to a 10 year plan if not more! And I am not gonna rent because I want to have something of my own in the end, I'm not paying half a million of our Monopoly money of Polish currency in rent just to to have nothing out of it. And the most annoying thing, my dad keeps nagging me to not even think about getting a loan (understandable, I don't want to myself) and he told me a story of how inflation can either save or fuck you. Apparently when my granddad was getting a loan for the house they were buying back in the day they had to pay so much money that they didn't know if they will have enough to eat (also my granddad was a director of a government owned company which is good fucking money) but then inflation hit SO HARD, he started earning a lot more (but the money had similar value) but the interest rate on the loan was the same, and when he heard on the radio that this is all about to change he went to the bank and paid everything off with what he had in his wallet plus the bank account. Like... my man paid off entire loan with 1 salary, and now the boomers are making fun of millennials for not working hard enough to buy a place of your own where I need like 30 full salaries for that, get the fuck out!

Who needs an apartment when you have a twitch chat and RU-vid gang that loves you

If I were in his place I would buy ASAP in Leipzig. As a city of the former GDR real estate prices were really low compared to similar German cities. Now one could say that Leipzig has developed the most since the fall of the wall and it became an insider tip to move there as it was cheap, young, adventurous and with good infrastructure and job opportunities. Of course housing prices increased over time but this city is really moving forward. Chances are high that you can make a good deal if you can afford to buy real estate. However, you probably have to compete against many big domestic and foreign investors.

Awesome content bro! Also, I can't wait for the new collection of NFTs from MetaMotor Club to come out! We have a chance to invite people to their discord to get prizes such as a Rolex or a first class flight + hotel to the MetaMotor Club party!

He’s right, and it’s kinda sad with inflation and stuff

I am very certain that the cost of rent and to buy a apartment of similar size is much lower in a smaller city outside Leipzig. The cost of real estate in large cities all across the world is very high and in Sweden the capital Stockholm has many years of waiting que for apartments

My dad is a financial advisor and he agrees with Tommy about the money sitting on the bank account getting worth less and less. He’s really into stock market stuff which is also taxed ridiculously high in Germany but still better than doing nothing with your money. Tommy should also marry Lisa legally because of the taxes you can safe that way. With same sex marriages being a thing I already thought about marrying one of the bois just so I get away with paying less taxes lmao

In my area, Daytona Beach, Florida. Rent is going up by about 25% across the city. Rent is about $1300 for a 600sqft. Apt. You also need 3x income to move in. So, at this point if you work 24/7 with a minimum wage job, you cannot move into an apt here alone. The mortgage I have on a house in Northern Florida is only $1200 for 1700sqft. Shit is backwards

meanwhile me living off savings for two years

''yo but they have free healthcare in europe''

Should’nt have quit law school!

People are talking like it's 100% sure that the real estate prices are only going up....

I don't get it, he is a streamer right ? That means he doesn't have to live in a big city besides internet and I know germany struggles abit with fast internet outside big cities. Nevertheless, there are still cheap alternatives like buying Modular houses, He would pay far less for that than for an apartment or a house. He should consider moving out of the city and try 20km outside the city in a dorf with good Internet. Thats what I would do and in fact have done and payed for my finished house and land 50 000 EURO. The house is only 52m2 but I'm a gamer junkie so I don't really care + i got a big garden with a deck on whcih I can relax in summers, screw the cities and the housing market go yolo like Elon musk with his Modular House.

exactly why people should focus money on investments and property, its that simple but that difficult to achieve because then everyone would be a millonaire and when everyone is, nobody really is.

Buying an apartment is kinda a shitty investment tho, the apartment in 20 years will be outdated and there’s no land value to fall back on that’s appreciated. So the apartment will be difficult to sell and if you do sell it, it will be for below market rate.

pro tip: go for some safe investments so your money doesnt "die" on the bank, some goverments offer an investment that is basically you lending them money and its usually very safe and profits over inflation, i reccomend looking it up, but dont go into dayttrading, that is just gambling

Become a land lord and rent out. Either long term or air bnb🤌🏻🤌🏻

tommy still saves up a good amount after every cost

51% tax wtf

Tommy should move countries to one that will tax him less, like Texas….

Polish housing is cheap

Listening to Tommy explain how B.S. this is, makes me so glad that my dad is an actuary and explained to me how this whole banking thing works.

He need to buy and apartment for 500k dollars and i wil probably never see that much money lmao xD

Inflation is not the result of capitalism, it is the result of democratic voters supporting the idea of a central bank and inflationary monetary policy.

Shit homie Russia just invaded Ukraine

bro idfk who this european fella is, and i cant even hear him over the game and all that other background noise with my bass af headphones lmao someone tell him to turn it down