Construction costs are currently skyrocketing

Oh, upon rereading, I realize it might have been a misunderstanding.

It is, of course, meant that you should not take the last 5 years during your construction period as a reference for the interest rates, but the last 20/25 years. Anyone who thinks that interest rates have recently risen rapidly and hopes that they will settle back to what they consider a normal level has not understood that the last 8 years were a gift…

Of course, it means that you shouldn’t use the last 5 years during the construction period as a reference for the interest rates, but rather the last 20/25 years. Anyone who thinks that interest rates have just risen rapidly and hopes that they will settle back to what they consider a normal level has not understood that the last 8 years were a gift…

That’s exactly what I’m saying! And this gift should have been used to the fullest in terms of fixed interest rates.
On March 4th, the stock market also had a gift day when prices plunged massively in panic within one day. Entered directly and am currently up 22.5%. For safety, kept 30% of the money back in case it went down again. I will exit by early May at the latest, so before the dividend payment (currently a 6.09% dividend yield at the current price). I think the profit will then be 26-30%. Recognize gifts and take them.

So our construction starts in about 3 weeks. I will report on materials etc. :)

In the last conversation with our site manager, we were informed that the material problems with the shell construction are not so dramatic yet. In this area, they are well positioned and are currently still receiving everything (but not cheaply). Everything that comes after is already being ordered now due to the long delivery times. It remains exciting….

If I build a house myself for 150,000 euros and still finance it, then I can do that at 5 percent with a normal income.

During my construction phase, I also worked only 3 days a week part-time and earned only 1,200 euros net.

The only problem is that then – when the wife and two kids are still there – you have to live under the bridge for three years until the house is finished, since the 1,200€ net plus child benefits are not enough to live on. Not to mention financing.

Save in times of plenty, and you'll have in times of need!

With enough equity behind you, it will work out. You just don’t go on vacation for a few years and drive an old car. Live cheaply in rent and just save. It works.

Then you build your house and have a relaxed life. And those who work too much have no time to make money.

When you read here what income people have and then almost no equity, I do wonder what they do with all the money.