Finding an apartment in Munich: Son desperately - parents threaten to poverty in old age!

Finding an apartment in Munich: Son desperately - parents threaten to poverty in old age!

München, Deutschland - The search for accommodation in Munich becomes an unsolvable task for many. A current example is Christoph W. (35), who, together with his parents, Sylvia (64) and Joachim (72) W., has been looking for an affordable apartment for three years. The deadline is urged, because the parents have to move out of their current apartment by the end of July because the landlord registered their own use. Despite a variety of efforts - from newspaper advertisements to online platforms to personal contacts - success is missing. The rental prices in Munich are unaffordable for the family.

Joachim W. criticizes the landlords who often avoid regulations and rent over the rent index. Christoph, who lives with his family in Germering, turned to the editorial team to draw attention to the dramatic situation. "I'm just at a loss and desperate," he says. The search for an apartment with two to three rooms at a fair price-performance ratio is almost hopeless. In order to receive support, Christoph set an email address: FUNTIGFTSZAUSHISHAN@GMail.com .

rising real estate prices and poverty in old age

The problem of looking for an apartment is deeply rooted in the general rental crisis of the city. According to a study by the Pestel Institute, which was carried out on behalf of the Federal Association of German Building Materials Trafe (BDB), the poverty in old age has increased in Munich. The property rate in Germany is now less than 44 percent - the lowest value in 15 years. In Munich itself, the quota fell from 24.4 percent in 2011 to 23.3 percent in 2022. While the number of owners rise slightly, the number of tenants grew from 555,200 to 613.299 in the same time.

The increase in basic security recipients in old age is particularly dramatic, which increase from 10,683 in 2010 to 18,780 in 2023 - an increase of 75.4 percent. These figures make it clear that old -age poverty is severely linked to tenant poverty. In fact, calculations show that a two-person household with a gross income of 5,694 euros after deducting the rent only stays to life 1,419 euros. For seniors who rely on a pension of 1,393 euros, it is only 665 euros. Many tenants now spend over 50 percent of their income for rent, which accepts alarming proportions. Merkur shows that the rental crisis not only suffers from the lower income layer, but also more and more people from Middle layer concerns.

removals and return to home

The problem of lacking living space and the associated poverty in old age is increased by real estate prices annually. Ownership formation becomes impossible for many Munichers, which also contains the situation on the rental market. Current developments in the construction industry, in which the number of building permits have broken up by up to 50 percent, show that the situation will not improve.

The story of Christoph W. and his parents examines the challenges that many Munich residents stand in front of and throws a critical light on the growing danger of poverty in old age. tz