Construction costs are currently skyrocketing

The average interest rate over the last 40 years was 7.2 percent for mortgage loans. Today we are talking about 4,xx percent. Basically, complaining at a high level. However, the problem is the above-average high construction costs.

The price-to-interest ratio is significantly worse today than maybe 15 years ago. Back then, you got significantly more house for your money.

And anyone who financed in 2012 at 1,xx percent fixed interest for 10 years with 1 percent repayment now naturally has a problem.

And those who financed in 2012 with 1,xx percent fixed interest for 10 years with 1 percent repayment, of course, now have a problem.

If you were that stupid, there's no helping you anymore. What were you speculating on? 0.05%

I would say anyone who could take out such a loan in 2012 also has no problem today; the creditworthiness must be incredible. Back then, the interest rates for 10-year loans were still at 2.5%-3%.

Such loans (1% interest, 1% repayment over 10 years) were hardly ever taken out because it was and is completely nonsensical. This issue keeps being brought up to keep the hope alive of snagging foreclosure bargains for those who didn't dare to build during the low-interest phase...

But even if that were the case. Salaries have risen by 25% since 2012, while house prices in many regions have doubled since then. So, you don't have to finance an average of 350,000-400,000 EUR, as is probably common today, but only 175,000-200,000 EUR. That shouldn't be a problem even at 4%...

I can understand the impatience on the sidelines. But the big wave of personal bankruptcies among homeowners will not come. Because people will first severely restrict themselves to keep the house. After all, you don't just lose money but also your "home". And banks are open to negotiations. The risk of having to foreclose a house built in 2012 with a gas heating system is far from zero. And the bank will never get more in the end than what it is owed. Any surplus from the sale goes to the former owner.

Anyway... in such foreclosures, only houses that no one wants even for free go as bargains. In good locations, with solid quality, the bidders push prices into ranges where you might as well buy on the open market.

The price of wood has currently fallen sharply again. Does anyone have any indications whether this is reflected in timber construction? Are the prices for prefabricated houses going down? After all, wood now costs only half or even less compared to last year.

How high is the share of pure material costs for wood in the prefabricated house? So really just the raw material, without transport, treatment, manufacturing, etc. 5% of the total amount?

The expensive part of the plastic spoon is not the material, but the production, transport, packaging, etc.