Construction costs are currently skyrocketing

but still it's terrible that you get "fobbed off" with 1200-1400€ in full-time – right? Because the other living costs are not significantly lower there...

Well, bakeries/cakes, restaurants are a little bit cheaper and especially the rents. With 3.70-5 €/sqm for existing properties, 60 sqm would only cost you 240-300 €. That leaves about 1,000 € to live on. With 2,000 € net in Berlin or Hamburg, you have roughly the same amount to live on, if not less. It balances out. It's good if you have big city income and East prices.

Not even 30 years ago would anyone have thought of building turnkey. That would not have been feasible cost-wise at all. Therefore, it is only a trend of the last few years and only came with the low interest rates. For many builders, it was not even possible to get sufficiently high financing despite higher incomes. Many built a two-family house with a large rental apartment back then. Only with the corresponding rental income could the financing be managed. And of course with a lot of personal effort.

Even 30 years ago, no one would have thought of building turnkey. It just wouldn't have been possible cost-wise.

Therefore, it is only a recent trend from the last few years and came along with the low interest rates. For many builders, even with a high income, it was not possible to get sufficiently high financing. Many back then built a two-family house with a large rental apartment. Only with the corresponding rental income could the financing be managed at all. And of course with high personal contributions.

That is simply nonsense...

Even 30 years ago, no one would have thought of financing a car over 72 months with a balloon payment and then an excessive final installment. Everyone would have been baffled multiple times.

With an interest rate of 13 - 15 percent on car financing back then, it simply wouldn't have worked mathematically. Full financing over 36 months with a decent down payment was still common. Even that is hardly sufficient today.

A crude nonsense contribution won't help. It was simply like that!

I heard a discussion on the radio in which a few aspects were mentioned that are often forgotten on the topic. When looking at the affordability index, single-family homes have actually become more affordable for high earners since the 1960s – but what is newer is that the number of high earners and wealthy people has increased significantly, a push came, for example, through the reduction of the inheritance tax and various other tax benefits from which the wealthy benefit disproportionately. At the same time, however, it is harder to get building land, so today's buyers are exposed to competition that they did not have in the 1960-2000s. The baby boomer generation is also aging healthier and therefore stays in the properties longer than the generation before. For example, the life expectancy of men born in the 1920s was around 55, a generation later in the 1950s already 10 years more. There are also some other aspects that I have forgotten.

Even 30 years ago, no one would have thought of financing a car over 72 months with a balloon financing and then an excessive final installment. Every buyer would have scratched their head several times.

With interest rates of 13 - 15 percent for car financing back then, it wouldn't even have been possible mathematically. At that time, full financing over 36 months with a decent down payment was common. Even that is barely feasible today.

A crude nonsense post doesn't help with that. That's just how it was!

You are really impossible...
What does home financing have to do with car financing? Let your brain rain...