Pensioner Heinz B. (80) reveals: The secret of my wealth lies in saving and buying property wisely!

Pensioner Heinz B. (80) reveals: The secret of my wealth lies in saving and buying property wisely!

According to a report from www.bild.de, there is a pensioner in Darmstadt (Hesse) named Heinz B. (80) who has amassed a fortune through his frugal lifestyle and wise investing. Heinz B. owns ten houses, two apartments and has invested his money in real estate and as a fixed-term deposit at another bank. His strategy is to put his money into real estate because these have the least loss of value in inflation. He also explains his desire to buy houses that he can reach by bike by saying that as a landlord he does all the repairs himself and thus saves a lot of money.

With his lifestyle, Heinz B. shows how one can become rich even with a comparatively modest pension. He lives extremely frugally, collecting food from garbage containers and repairing his own houses to save on tradesman costs. These examples illustrate how the real estate market and industry could be affected. If more people follow Heinz B.'s example and invest in real estate, this could lead to an increase in real estate prices and higher demand in the market. At the same time, less demand for rental properties could lead to an overproduction of living space, which would have an impact on the rental market. It is important to keep an eye on these developments and examine how individuals' decisions and investments could impact the market as a whole.