No one reaches their limit for the mentioned 248T€. You have to offset the cold rent, and for 1000€/month, even here in the East, you can hardly find good/large apartments in the big cities anymore. 1000€ per month = 240T€ in 20 years, assuming there are no rent increases during that time. But since there will be plenty of them, you reach the amount after 18 or even 15 years. To be honest, I have zero worries about paying the "rent" of the next 20 years to the bank instead of the landlord. And that's how it is for all the builders I have met during the construction phase.

Even a low earner has to be able to afford the rent, so you could also say: the current rents bring many Germans to their limit. Then they should rather go to the limit with financing.

here are some "optimistic thinkers" again... man man man

If you wanted/had to take out a 100% financing, that’s your decision. If you did it, that’s okay. You live with the advantages of owning a house (which everyone deserves) and have to swallow the disadvantages of 100% financing. Everything has its price.

But now to act as if there was nothing cheaper and 100% financing is basically cheaper than a social housing apartment is just ridiculous.

All good... 100% can be done. But sugarcoating it is unnecessary.

1000EUR repayment to the bank for a house or 1000EUR rent is simply not the same. But we’ve had this debate millions of times already.

Either way, I wish everyone to be happy with their house and have their finances under control. Even without sugarcoating.

I also think that a 100% financing is ridiculous, but the interest rates are very low. Whoever takes out a 100% full financing now pays exactly the same as someone with an 80% financing six months ago. Madness.

there are some "optimistic calculators" around again... man man man

But now pretending as if there was nothing cheaper and the 100% financing is practically cheaper than a social housing unit is just ridiculous.

This is not about optimistic calculations. No "full financer" has created a thread to muse about their cheap installments, but someone who allegedly is swimming in money and will be out of financing in the next years wanted once again to show that "the Germans" live beyond their means. I just wonder about the motivation.

Of course, there are apartments <1,000 €/month, we don't need to discuss that. But I think that in such apartments actually no user of this forum lives/has lived.
My full financing is btw. really only slightly more expensive than the new-build apartment I lived in before, but I don't want to go deeper into that now.

Of course there are apartments <1,000 €/month, no need to discuss that. But I think that no user of this forum actually lives/lived in such apartments.

Oh yes, I pay <1000€ warm for 95m² and four rooms. It was renovated before moving in. In a booming big city in a popular residential area with its own lively pedestrian zone, park, etc. Really everything is top here, only the apartment is becoming too small, which made a property inevitable.

But to act now as if there was nothing cheaper and that 100% financing is basically cheaper than a social apartment is just ridiculous.

It is a bit polemic to compare it with social housing, but buying is cheaper than renting in my case.
My house with 6 rooms plus basement, garage, etc. is cheaper in terms of interest payments than the old cold rent for 4 rooms without a garden. Unfortunately, I had to finance half a year ago, but as of today I would indeed be cheaper with full financing and 100% financing as well.

You just need to have a little bit of spare money to be able to afford the repayments.

I also financed 95%. The reasons for my low equity are simple. Because of the children, I worked part-time and therefore earned considerably less. Then there was a separation, I had to furnish a completely empty apartment, which consumed a good part of my savings. And it took me some time to increase my hours again, so that my income rose again. Unfortunately, that didn’t happen overnight with my employer. During this time, I also had to dip into my savings. And then suddenly the right property came along, luckily also in my city. So I had the choice to either start with little equity or let the opportunity pass by, and it was really unclear if/when there would be another one. At least all the furniture is new and the kitchen too. My current income is really very good now, so I don’t see a problem.