Everyone as they like. I consider the matter financially nonsense and emotionally risky. But whoever derives so much consumption from it that it is worth it, only to...
I do not know the background of the OP, but especially nordanney is always characterized here in the forum by downplaying professional risks. We once had an Audi couple here who wanted to build one size bigger than absolutely necessary but could only manage the construction with two Audi salaries. Just 1-2 years ago, I was called a heretic for daring to mention that such salaries are neither a given nor secure forever. It is 2025, and Mercedes is currently sending severance offers to absolutely everyone among the 40,000 administrative employees because they simply want to get rid of as many people as possible blindly. And no, not every Mercedes controller or, better said, Excel pusher will earn 4500 net elsewhere for simple commercial tasks that used to require just training. Not every high earner is actually productive; there can be worlds between one’s own feeling and the actual reality. By the way, the 500k severance pay as compensation is only given to the old guard and not the young homeowners, and half of it goes to taxes anyway. Here and there, much smaller ambitions will have to be baked in the future. Oh yes, Bosch is also closing entire plants next door, and the VW drama was well covered in the media. The Chinese are simply cheaper and by now better, and India is increasingly so as well.
Yes, with enough equity, you don’t go into forced insolvency even with a million-dollar house if the job is lost. But the value of the property can also fall (currently, economic uncertainty in the real estate market is still largely offset by inherited money), and combined with the burned purchase incidental costs, a downturn can really hurt, and in the worst case, it no longer necessarily suffices for a nice family-friendly apartment. Better to be done with the loan early and "live" and meanwhile build up good liquidity (stocks), from which you can then also pay for a good education for the children; the million-dollar mansion, on the other hand, sucks up everything as long as it is not turned into cash. If the blow then hits you, it hurts less. Fewer restaurant visits or going on somewhat cheaper vacations may not be nice, but it is bearable. Having to leave the familiar home, on the other hand, would hurt me badly. But: everyone is different, and maybe everything will go well.