Construction costs are currently skyrocketing

But who wouldn't want to live in the most beautiful part of Germany? *run* *duck away*

dark Germany?
I'm running again too.
- That was just a joke - sorry

dark Germany?
I'm running again too.
- That was just a joke - sorry

hehe. I couldn't live there with the current fuel prices, a holiday at Lake Garda by car would cost a fortune :D

Wrong perspective: as long as they are below 2.5…/3.5%, they are low. You must not take only your small time frame when you are interested in yield curves. 5 years is practically nothing!

That's true. We made that mistake because it was only about financing our plot of land, which we wanted to pay off after the 5 years with our life insurance policies. Too bad that the life insurance policies are now going into the house due to construction cost increases and we will try to arrange a forward loan. Oh, upon reading again, I realize it might have been a misunderstanding.

True. We made that mistake because it was only about financing our land, which we planned to pay off after 5 years with our life insurance policies. Too bad that due to the increase in construction costs, the life insurance now goes into the house, and we will have to apply for a forward loan.

Hindsight is always 20/20; today I also know the lottery numbers from Wednesday.

No one could have known that.

dark Germany?
I'm running again too.
- That was just a joke - sorry

I love the Neuseenland and its people, and that's why I moved away from the south. Never regretted it. :)

You’re always wiser afterward, today I also know the lottery numbers from Wednesday.

No one could have known that.

No one could have known, but I have always said that we would not keep interest rates permanently at the 0-1% level. Even though many argued "Italy and others would go bankrupt with rising interest rates"... no, they won’t with simultaneously rising inflation. Italy was not bankrupt even before the zero-interest phase, especially since Italy as a state is mainly indebted to its own citizens and banks. Italy can reduce its debt through moderate inflation.
Even with slightly rising inflation (2-3%), it was clear that interest rates would eventually rise slightly again. Therefore, we argued: secure the low interest rates long-term now! 1.5-1.9% for 30 years is still cheap and below (at that time) inflation. Securing 0.7% for 10 years is basically only a short, seemingly cheap flash in the pan.