Construction costs are currently skyrocketing

I bought and renovated my first house at 24. Even back then, I had very little desire to earn money for someone else and was no longer willing to consider direct neighbors at 3 a.m. The lifestyles are as diverse as the people themselves. The point system will probably soon be history. At least if the economic situation continues like this.

I just read in our local rag that a local building materials dealer (175 years family business) is closing its doors forever. He cannot get any goods. And what is now ordered for 100€ will be delivered for twice as much in half a year. He cannot expect any customer to bear that.

Crazy, considering that in February you still got 20 years for just under 1%.

With all due respect, but that's nonsense. The twenty-year-olds have never been anywhere near 1%.

With all due respect, but that is nonsense. Twenty-year-olds have never been close to 1%.

Of course, they were around 1%-1.2%, depending on equity and loan-to-value ratio. I even know of 0.6% for a 10-year loan. A colleague got 300k without equity for 15 years at 1.1%, etc. But that is history.

Our municipality has also introduced a points system that will probably never come into effect, since the new development area is already on ice. According to the mayor, creating the infrastructure is no longer affordable.

With all due respect, but that is nonsense. The twenty-year-olds have never been at just under 1%.

Actually, I can confirm that from my own experience. Last year: 0.90% for 20 years at 6x% loan-to-value (every bank calculates that a bit differently).
Last year I even started a thread asking whether the offer might still be too high. That now seems very ironic to me.

... I rather believe that the type of home builder will change. Fewer families with children, more childless dual earners, and more elderly people whose children have already left home. It's easier to build from the financial position.

Unfortunately, these are exactly the groups of people who, in my personal opinion, even though we ourselves belong to them, "need" a single-family house with a garden the least, and for whom it would be, I repeat, my personal opinion, most important that they (the children and adolescents) grow up in a safe and reasonably orderly living environment with social transparency. I assume that the densification in the cities, along with the usually associated consequences, will not have a positive effect on the children and adolescents growing up there.

Or is everyone lying on the sun lounger with the tablet watching the robotic lawnmower? :D

I am looking forward to this phase (, after I spent about 8 hours almost non-stop cleaning windows and vacuuming dust in the new house yesterday during the enormous heat and have the same task ahead of me today.) :)

Something different:
Last week I received a letter from my electricity supplier stating that from 01.07.22 the abolition of the Renewable Energy Act surcharge will lead to us paying about 4 cents/kWh less. That’s why I set up our whirlpool and after I finished my schnitzel with beer, I’ll jump right in.
Enjoy your meal!

I am looking forward to our temporary construction electricity bill, which will probably be quite low. I will share exact numbers as soon as I receive the bill.
Regarding the whirlpool, I hope that after the schnitzel with beer not all the water will slosh out or be displaced. ;-)

I forgot earlier to write something about the leisure activities offered by a big city... that is classic bubble thinking of a city dweller. The nearest big cities are Stuttgart and Zurich. In rural areas, you can also drive 20 km by car to the cinema if you live in the city.

I lived for about 15 years right in the center, 2 minutes on foot from the Federal Constitutional Court. From my point of view, it only makes a difference if you need a few minutes on foot to go to the cinema, theater, shopping facilities, etc. That is really pleasant and comfortable. As soon as you use a car or public transport, travel time in most cities is negligible. From my new residence, I need 20 minutes by car to get to the Gewandhaus; if I were to live directly in a city (with the exception mentioned above), I would probably need at least just as much time (regardless of the means of transportation chosen) to get to a concert hall or similar. I still remember the eternally long distances in Munich, but I was always only visiting there.