Construction costs are currently skyrocketing

First post roughly summarizes one of the opinions that has already been expressed several times on the past 617 pages. If it gets more expensive, I have to save somewhere or give it up. The time when everyone installed huge window fronts and took any technology as a luxury is now over for some to many. Besides, unless you can simply sell your place without pain in case of emergency, you need to create some reserves. Planning an unplanned child with a disability or unexpectedly needing to care for elderly parents into a calculation based on 100,- € is rather difficult. I also have a 510,000 € loan running for 20 years. I am far from being pissed off by poverty. But I’m happy to have my nonsense explained to me again.

Oh I think Peter Pohlmann or Lisa's little dream is starting a third attempt ^^

Interesting, in my opinion, is to whom Habeck will legally shut off the gas... I think brick/autoclaved aerated concrete manufacturers will be quite high on the list...

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

I signed 20 years at 1.07% on 24.02 and that was already quite a bit above the lows of 0.7% for 20 years.

In my opinion, it will be interesting to see who Habeck cuts off gas for by law... I think brick/aerated concrete manufacturers will be pretty high on the list...

Not only them, cement also requires incredible amounts of energy. There is a certain possibility that house construction will come to a complete standstill in autumn. I hope that all energy-critical things will be in place for me by then. The problem is also... if no gas comes from the pipeline, you have to save somewhere. You can't really blame any of the current politicians for that, the mistake was made earlier.

If I do the math, the jump from a loan amount of €500,000 and a term of 20 years as a full amortization from 1.1% to the now usual 3.4% results in approximately €550 additional costs per month.
For €1,000 additional costs, the loan amount must already be close to €900,000.

For the average borrower taking out a half-million loan, €550 additional costs per month is also no small change. But if you can no longer afford to build because of this, you probably couldn’t afford it in the first place.

No, somehow not. If you assume the same repayment, the additional costs at 2.4% interest are exactly €1,000 per month.
And whether I pay €1,666 monthly on €500k with 3% repayment or €2,666 makes a difference after all.

If you got your 20-year at under 1.0%, then it was because the conditions were right. My statement referred to this context:


The interest jump happens in the interest chart. And in this chart, the 20-year was at its low point at around 1.2x.