Construction costs are currently skyrocketing

Owner-occupied property has always been a hobby, and without a family, I would always rent and invest the equity in the stock market and live off the returns or pay rent.

Yes and no, 50/50. If built reasonably cheaply, it's a mix of quality of life and retirement provision. With all the comforts and obligations. Now, with interest rates rising massively and material prices soaring to the sky, a completely new situation arises. Quickly build/buy out of flight from fiat money. Here, the first building plots are being returned and speculating on possibly cheap buyouts if a bubble bursts.

The cheap buyout will probably not happen. For the state, the only option left is to push forward if the situation continues to escalate. Then there will be another extended short-time work allowance, a fuel discount 2.0, and an energy cost subsidy. Financed with freshly printed money. In the short term, this works very well, as was seen in 2020. And in the medium term, it drives prices up, as was seen recently. It’s also unfortunate when unexpected shocks come along again, as is currently the case. Standing on the sidelines and waiting would not be a strategy I would recommend now.

The cheap buyout probably won't happen. For the state, the only option left is to push forward if the situation escalates further. Then there will be another extended short-time work allowance, a fuel discount 2.0, and an energy cost subsidy. Financed with freshly printed money. In the short term, this works very well, as seen in 2020. And in the medium term, it drives prices up, as recently seen. It’s also unfortunate when unexpected shocks come along again, as we are currently seeing.
Sitting on the sidelines and waiting is not a strategy I would recommend now.

No, I see it the same way.
At the end of last year, I was able to acquire another 5 ha of cheap arable land.
But I really don't know what to do with my two planned semi-detached houses.
Development probably by the end of June.
Either I go full throttle and build everything up, but with a 5% return, that probably won't work anymore given 2%+ interest rates.

Then there is simply extended short-time working allowance again, a fuel discount 2.0 and an energy cost subsidy. Financed with freshly printed money. In the short term, this works very well, as was seen in 2020

And in 2024 comes the burden equalization. Article 21 etc. Stupid are those who still build now...

And in 2024 comes the compensation of burdens. Article 21 etc. Stupid is who still builds now...

We are curious and await the things that will come...

And in 2024 the burden equalization will come. Article 21, etc. Stupid whoever is still building now...

But currently it is being discussed that the first 2 million are exempt.