Baukindergeld - Interpretation of the new funding guidelines

The state becomes rich? It usually spends the money on credit.

Oh really?! Compared to the rest of the world, we are one of the richest nations. All states have debts and this will always be the case. We are even capable of "minimalistic repayment". Other states are light years away from that. Nevertheless, everything is getting more expensive. The state could lower taxes or regulate the market. But it doesn’t, because there are enough politicians who profit from it. This is why the gap between rich and poor keeps widening.

In France, millions take to the streets because Macron’s politics favor the rich. And in general, statesmen from other countries are ridiculed in our media. Where does Trump’s fortune come from? Where does Putin’s come from? And so on. Apparently, all over the world, there are politicians who come into money in a not entirely legal way. Except in Germany only saints live here

Neither does “the state” provide us with food nor with fuel.

I didn’t say that either. But it can lower taxes or regulate the market. The father of my best friend built in the mid-90s. He kept all the receipts and knows exactly what his construction cost back then. Land (1300m²) plus house (in the countryside) cost him a little over 200,000 DM. And it’s not some cheap prefab house but built solidly with over 250m² of living space. Okay – he did more than half of the work himself, but still. Today you’d get at most a plot of land for that price.

He still has all the receipts from back then and has the comparison. According to him, many building materials have become up to 10 times more expensive. Why is no one putting a stop to this? The state would have many options.

The "nice little bonus" was not meant to imply that it is "peanuts" in terms of the amount, but rather in the context that one actually does not plan/expect it.

You can certainly argue differently:

Possibly, due to the funding restriction, the share of owner-occupied homes will become scarcer again.

We have also considered:

Why not buy something new/used after all and receive the Baukindergeld.

My parents would not sell the current house but rent it out.

Then repay our own house through the rent.

This way, we would even "occupy/bind" more property within the family than planned. Two instead of one property with support for the purchase by relatives.

Then one less property would be available on the market... thus the previous property owners could even expand further. By preventing acquisition by relatives, families could really tend to expand, thereby binding even more properties to a smaller number of people.

It can all be interpreted either way.

Or if we were really brazen, which in my opinion borders on "circumventing."

We buy another property, rent it out, and register ourselves there with the tenants’ consent... which some people probably do... but no thanks... it's really not worth it to me. It doesn't have to be forced by any means.

I have a question: if I buy an old building, that is existing property, do I also get Baukindergeld, or does that only apply to new buildings? I am married and have 2 children, and I have found a property that needs a lot of work, which means if I buy it now, do I have to move in before 31.12.2020 to receive the Baukindergeld? Unfortunately, I can't find anything about whether this also applies to old buildings. It would be nice if someone could tell me.

Yes, it also applies to old buildings. Second bullet point on the KfW page about Baukindergeld: "- for the construction or purchase of your own four walls" You only have to buy before 31.12.2020 and can move in later and still receive the Baukindergeld.

unfortunately I can't find anything about whether this also applies to old buildings? it would be nice if someone could tell me.

You didn't really put much effort into searching, did you?

Yes, it also applies to old buildings.

You can read the exact conditions at the KfW.