Construction costs are currently skyrocketing

As mentioned, these are isolated cases. If you have numbers that prove the opposite, bring them on.

As I said, these are isolated cases. If you have numbers that prove otherwise, bring them on.

McMakler says that in the record year 21, 15-20% of completed construction financings were >100%. This roughly matches the construction financing threads from around that period. A (regrettable) isolated case looks different.

100% does not by any means mean 1% repayment over 10 years... incidentally, with interest rates below 1% it was objectively almost silly to use more equity than absolutely necessary. On the stock market, you could easily get 5, 6% annually on average...

And anyone who financed in 2021 won't be up again until at the earliest 2031... a lot can happen until then ;)

And whoever funded in 2021 will be up again at the earliest in 2031... a lot can happen until then

Exactly... I don't think it will get worse than it is now... But Durran and his newest nickname certainly see it differently... Maybe the 8% will come in 2024 after all... It didn't work out this year as predicted

but the person will never be on the same level as a native for me, and that has nothing to do with racism.

What did you do to become more native? Nothing, you were just lucky, nothing more.

I completely agree with you, we were also mostly outbid or the people bought everything despite the exorbitant costs. When you drive past the houses from the 70s and 80s today, really nothing has been done. For such buildings, I usually factored in a flat rate of at least 150,000. But then you always ended up between 700,000 and 800,000. I always wondered how people can afford that. Even for me, with two full earners in well-paid academic professions, it's tough.