Construction costs are currently skyrocketing

I don't think you can blame the average consumer for not just putting their few tens of thousands of equity on the stock market at short notice and gambling with it. In the hope of temporarily increasing their equity ratio. Anyone who does that is rather insane

You can invest a part of your money conservatively in the stock market. Things like AMC are gambling. You should only invest money here that you can afford to lose. With the low interest rates, you should at least consider ETFs like [ETF World]…

I do not dispute that an ETF portfolio is sensible. But that was not the point here.

Yes, every euro that is not invested in stocks or real estate is wasted. You should only keep liquidity that you need within 6 months. The rest can be secured with stop loss.

Without major risk, there is 5 to 7% with ETFs. Whoever wants more has to take risks and inform themselves well. I usually get that. But still not more than 10% annually, because there is always a company that completely crashes... (Airberlin, Wirecard, Vapiano, many companies back then on the Neuer Markt...)

Therefore, the mortgage is never paid off early. That would only bring 1.6% return and would be absolute nonsense.

I don't think you can blame the average person for not just throwing their few tens of thousands in equity onto the stock market and gambling with it in the short term. Hoping to increase their equity ratio quickly. Anyone who does that is probably insane.

You should only "gamble" with money if you don't need it and can afford to lose it. But who actually sticks to that? No one. Greed eats brains. Especially if the money was actually planned and invested for special repayment. When things go downhill there, of course you want to get the lost money back and invest more and more riskily.

A home loan is therefore never repaid early. It would only yield 1.6% return and would be absolute nonsense.

I save about €100k in interest over the term with the planned special repayment that I would otherwise have to pay the bank without special repayment. So what's nonsense about that?

A home loan will therefore never be repaid early with special repayments. That would only yield 1.6% return and would be absolute nonsense.

I save about €100k in interest over the term with the planned special repayment, which I would have to pay to the bank without the special repayment. So what is nonsense about that?

I have to correct myself. It is only €60k less in interest.