Construction costs are currently skyrocketing

On the topic: In our street, quite a few building plots have emerged because the city converted them into building land. Yesterday, potential neighbors were checking out the plot next door to us. I’m amazed that despite the current financial situation, there are so many brave builders. At the plot two parcels down, they started with the foundation and then it was quiet for a long time. I thought they gave up. But no. It turned out they started building without a building permit and have now been slapped with a stop order. :D Next year, we will probably have 3 construction sites in the immediate vicinity on our street alone. Others might curse, but I’m already looking forward to it. I’m just addicted. :p

Yes, that's right. That's why I still say that buying a house to live in yourself is a luxury and not a worthwhile financial investment.

That really depends. Our rental apartment had almost the same square footage as our own home. We paid about €1100 including additional costs there. Now we have a €1200 installment plus additional costs (I can't give an exact average value yet). Without special repayments, we will be done with the loan when I am in my mid-50s. We will probably live for quite a while after that, and if we don't make special repayments, quite a bit should be saved up by then to go into maintenance or may have gradually gone in. If we do make special repayments, we would be finished correspondingly earlier so that there are more years without installments at the end. Depending on how old I get and how rent would develop, it is definitely worthwhile in our case.

With us, 80% also want to start as soon as the area is released... It was actually supposed to be in July... Now early 23... Everything has unfortunately been delayed and no one could still take advantage of the interest rate from the beginning of the year :(

Your statement is only correct – and even then only approximately – with an unreasonably low initial repayment rate of 1%. Otherwise, your example does not work mathematically.

Of course my example works mathematically. Or where is the math error? The fact is that many now have to pay an insane amount of interest or have less left per month for living expenses. And now I think the topic is sufficiently exhausted ;)

Just browsed the portals a bit to see what's available here at the moment. I came across a house: fairly new (year of construction not specified) and a nice big garden on the outskirts of town... All good and well BUT: oil heating and the house is supposed to be sold fully furnished... You might actually be able to use some of it well, but that’s really a matter of taste, the architecture is rather extravagant compared to the other houses and stands out (I know the house because you can see it from a country road and I always wondered who would have put a house like that there). And the biggest “but” is that we are in the countryside here... plots with a nice size (from 600 sqm upwards) can be had with a little searching or a bit of luck for 30-50k including incidental costs. And the location of the house basically requires cars, even if someone was home... Even the shopping facilities in the same village are too far to walk and there are no public transport options within the village, so the nearest bus stop is about as far away as the shops. Living space just over 200 sqm and about 1000 sqm plot. The house is supposed to cost almost 900k euros. That might not seem like much to some, but I’d say... average properties here are probably around 200-300k if you include all the junk, then lower) and the salaries correspond accordingly. With 2000-2500 net income, you’re doing pretty well here. For the purchase price, you could easily build something new now according to your own wishes. I’m curious how long that price will stand.

Quite new (year of manufacture not specified) BUT: oil heating

Somehow doesn't fit together. For me, new means 1....3......max 5 years. Nobody installs oil heating anymore after that.