Buying a house without equity at a relatively young age

(...)
Most children in Germany were born between 1941 and 1945, right in the middle of the war. (...)

However, that had ideological reasons.
Can you finally leave the cozy 80s and arrive in the new millennium? 2000 would be enough for a start.

If you have children at 18 today, you can completely forget about the house ;)
For the mother, it's basically the end of education or studies for 3, 4, 5 years, and the path to poverty is already more or less cemented...

For the mother, that means first of all 3, 4, 5 years of no education or studies, and the path into poverty is practically already cemented...

I don't want to deny that at all. But that's exactly where the crux of the matter lies. It is the cause of the decline of the West and the demographic development. Politics was and still is of the opinion that this problem can be solved through migration. It just doesn't work.

Society is simply aging. And the fresh blood is missing, we lack youth. Added to that is the eroding education system with a lowering of the educational level. There are plenty of degrees, but what comes out used to be maybe skilled worker level. Those are all nice numbers, but they don't help us.

Or as Thomas Gottschalk said last night on "Wetten, dass..?"

"We need the help of politics in Germany so that things go downhill."

Unfortunately, they only open their mouths when they retire and have nothing left to lose.

The birth rate in the GDR was 4 times as high as in the Federal Republic.

Steep claim. Is there any evidence for that or is it another alternative fact?

Of course there is evidence for the statement about the birth rate. Namely, the kind that, as so often, exposes the statements as fake news:

As you can see, the birth rate in the GDR was around 8-10 children per woman especially in the 60s *Lol*
During the time of emancipation - when women also started working properly - in the 70s, however, it can be seen that more was going on in the GDR. There were really good opportunities to have children cared for shortly after birth and to establish oneself in professional life. Whether it is desirable to send children to daycare extremely early on a daily basis is something everyone should decide for themselves.

Do you think financing would currently be possible like this, even if we don’t bring any equity?

No, not even for the…

(without ),

…which you don’t have. You can’t finance those; you would have to add them from equity (possibly broker, property transfer tax, notary, etc.). Then there are some points that are not obvious to others, or that probably don’t occur to you personally as much, but to those who deal more with the matter.

Location, size and generally liking it well.

Location and size: 1. Location has to be right, no question: infrastructure, solid environment. Attractive not only to you, but also accordingly to the market value. Also with regard to the rentability of the granny flat. 2. Size: with a granny flat actually too big for you if you look at it neutrally. You don’t need it, you can’t afford it either. The idea that a granny flat financially benefits you is a myth anyway. Rental income must be taxed. Okay, you can finance everything separately, but you are not in a position as a career starter to make demands at the bank. Sorry. Size and granny flat must be affordable - you can’t afford it. 3. Finances checked but still don’t fit. There are too many unknowns for us: what is the condition of renovation, what energy class? Does it need to be renovated rather than refurbished? What about the electrical system? Why do the walls have to be plastered? What about the exterior walls and the windows? From your description one has to assume that except for photovoltaics nothing is new, so you first have to reckon with a 100,000-200,000€ renovation. Garage integrated in the house does not exactly read like a solid energy value… You talk about renovations of the granny flat that is supposed to bring in 400€ cold rent. How does that add up? Renovation and complete renovation without equity does not make sense mentally. And honestly: if you have no money, you try to live with the equipment first until you are financially a bit healthier. But then I don’t see 40,000€, rather at most 4,000€ for fresh paint and little things so you can move in first. If you have money, then of course you do it right away. But it’s not available. I wouldn’t even mention replacing the toilet. If you mean renovating bathrooms, then half of the mentally calculated 40,000€ will be spent there. If you tile yourself. Otherwise more. Changing doors... why would you change doors? As said: lived in myself, others experienced with about early 30s and 75,000 DM (roughly corresponding to today’s 75,000€) you paint, varnish, modernize so that you can just move in and look somewhat nice, and then - here someone mentions a side job - you push through. But of course preferably now for several years so that later you can realize the dream of your own home with equity. 4. Time, not checked: your living time does not speak for you. One year graduated, still further training planned -> that very likely means changes in employer. It is often said that you make the biggest salary jumps when you change employers. You may also have to move 50 or 100 km away. Some move from Flensburg to Passau. With a property, mobility meaning “unbound, flexible” becomes inflexible. You might start to stagnate. Your twenties should be used to expand your education. You should actually work on yourself and not on a property that, although good in substance (I hope that’s what your building surveyor said and not the broker or owner), will need care with almost 60 years old. 5. From my point of view, you are taking the wrong steps: you can dream, but the basis for fulfillment has to be created. Wealth or ownership does not just jump on you. Someone who earns their own money for one year makes smaller purchases, a new sofa, maybe another trip, a voluntary social year, side job, car, studies. Half lived, half saved. Eventually you save 9/10 because you focus and set priorities. And then you can afford and start the dream nest building someday. How was the “good salary” used last year? Immediately spent on a wedding? Then it will take a while. You set the priorities.

…you don’t have those. You can’t finance them

Why can’t the incidental purchase costs be financed? For years, 110 percent financing with only 1 percent repayment was promoted here. 40 years term. That was practically forum philosophy here for almost 10 years.

Two years ago, no one here would have thought of first saving 30 percent equity or reducing construction costs. The incidental costs were financed right away.

Again. Go to the building society with the fox!