Limit sounds good, I hope to finally be able to sign a loan by the end of this month (we are waiting for the approval of the property). The essential thing is simply that you can no longer save equity fast enough (against rising construction costs). Accordingly, if you want to build, you are almost forced to take out a high loan amount. We were still expecting a total investment of 300k 1.5 years ago, now we come to a total investment of 560k. If you are still relatively young, there is simply no equity and you have to take out a high loan (in our case 490k) (or have it built). I hope that the interest rates will remain like this until the end of the month, even if every week now a historic low is reached...

On the same project? 260k increase? Rather, that was wishful thinking before and someone brought you down to earth.

What I still think of regarding the headline, there are significantly more owners abroad, and how are the prices and loans currently there??

are you frustrated? did I somehow attack you?

if the bright-red financings don't want to hear that things are tight, then there’s no helping them. Unlike the harakiri financings, I have my finances under control. Nobody wants to hear negative things. People just want to be patted on the shoulder and hear how great they are, spending 50% of their income, working full-time, and dropping the kids off at the grandparents.

Everything’s super

But that’s exactly the point... for one person a financing might look tight, but in reality it isn’t at all, and for another it might be the other way around... there are huge differences in everyday life (one person likes to eat out 2-3 times a week and doesn’t want to give that up even with ongoing credit, another hardly ever goes to a restaurant anyway and also has no problem drinking tap water at home, etc.). People simply have to assess that themselves, and if they can, then it’s just pointless and annoying when others try to tell them that they should take a closer look at personal bankruptcy anyway because it won’t work out. Or if people can’t assess it, then “lectures” from above won’t help either... rather negative experiences from people in similar situations... if anything.
Either way, it always depends on the right tone, and unfortunately you are simply not the expert in that regard.

if the rosarote financings don’t want to hear that it’s tight, then there’s no helping them.

then logically one would have to explain to every average earner who currently rents centrally in Munich, Hamburg, Stuttgart, Berlin, etc., that their rent payments, considering persistent rent increases, are harakiri and that they would be better off moving to a cheaper residential area.

The rent of a long-term tenant is also a debt to their landlord until the end of their life. There is no alternative like: I have little money this month and don’t want to pay.

Even in this situation, there are people who gladly spend 50% of their income on a great loft because it’s important to them. €1000 cold rent per month is no longer unusual in normal areas; however, this means they owe their landlord around €360,000 over the next 30 years. With rent increases, it’s more like €400,000 or €450,000, which has to be paid every month, otherwise you get kicked out. I see no difference to buying/building a property. On the contrary: in 30 years I have at least something in hand; even if the house has lost value in the meantime, the rent, by contrast, would be completely gone. Every cent lost. The house stands and my heirs can sell it.

Even full financing is actually a zero-sum game from an accounting perspective: on one side a monetary debt minus amount XY, on the other side there is a property value amount XY. The rent debt, on the other hand, is the monetary debt and on the other side there is only the right to live there. No. I’ve had enough of it.

Oh no, not this same old tune again....

are you frustrated? have I somehow attacked you?

No, I am not frustrated at all. But you have made derogatory remarks quite often, not just towards me.

then "lectures" from above won't help either... rather negative reports from people in similar situations... if at all.
Anyway, it always depends on the right tone, and unfortunately you are not the competent person for that.

That's exactly what I mean... And threads like this one, unfortunately, do not contribute anything positive.

best regards