Construction financing without equity as an option?

Well, if you have such a bad relationship with your parents that you already compare them to Putin... yeah, then I might also not want to lend them money. But that’s not the normal case.

As I said, you can sugarcoat or badmouth everything. Also comment/interpret things that were not meant that way. Is it really the normal case that children run to their parents to ask for money for a luxury item? Then I’m gladly an exception :cool:

So, I'll just claim that anyone who can't save at least €40,000 annually on a monthly net income of €6,800 simply doesn't know how to manage money. In this case, there are even bonuses added, so let's say €45,000 to €50,000 should definitely be well within the realm of possibility. I don't know whether, under these conditions, one shouldn't reconsider their consumption behavior instead of begging their own parents for money for the incidental costs. To be honest, I would be way too proud for that. 0% financing for kitchens and cars is discouraged everywhere ("then you just can't afford it"), but suddenly with a significantly higher investment, it's suddenly legitimate. No, this model is not for me either. :)

You can only reach the €40,000 if you don't make any unscheduled purchases and also don't take vacations. Or if you are significantly below the cost of living allowance.
With 2 adults and 1 child, that would already be €2,350 per month. If you still have fixed costs of, say, €1,200 per month for rent, insurance, etc., then €3,250 remain. €39,000 saved per year. With increasing salary, you simply treat yourself more. It actually only works if you live like you have significantly less income. Those who manage that might achieve it. But that's the minority. People say it's that simple. I now earn €4,000 net. Next year €5,000. Then I'll just save €1,000 more... Usually that doesn't work.

As I said, you can put a positive or negative spin on everything. You can also comment/interpret things that were not meant that way. Is it really the norm that children run to their parents to ask for money for a luxury item? Then I’m happy to be an exception :cool:

No, but there are certainly parents who are financially well-off and willingly give their child something or lend money to bridge a gap (for example, so that the property can be used as equity - many thanks, Mom. The loan has already been repaid). And because someone will probably say “what if the parents become dependent on care”: there are also parents who have comfortably secured their own future and also simply “have money left over” for their children and are happy to contribute something during their lifetime.

No one should be ashamed just because they didn’t live on oatmeal during their studies or if the parents think that contributing with a private loan results in a better interest rate than at the bank.

I find some statements in this regard arrogant and presumptuous.

And because someone will come along again right away with "what if the parents become in need of care": there are also parents who have comfortably secured their own future and simply have money "left over" for their children and are happy to contribute something during their lifetime.


I find some statements in this regard arrogant and presumptuous.

And when the parents then go into a nursing home, the state first confiscates all the saved-up assets and everything was for nothing. Also a sensible thing.

As I said, you can sugarcoat or badmouth everything. You can also comment/interpret things that were not meant that way. Is it really the normal case that children run to their parents to ask for money for a luxury item? Then I’m gladly an exception :cool:

It's not about "asking for money," it's about a loan that benefits both sides. Interest for the parents and interest savings for the children. Some people are currently looking for risk-free investment opportunities where they can at least earn some interest. That is not a burden for the parents. And some parents are actually pleased when they can give their children a little extra.

So, I'll just claim that anyone who can't save at least €40,000 annually on a monthly net income of €6,800 simply doesn't know how to manage money. In this case, there are even bonuses on top, so let's say €45,000 to €50,000 should definitely be well within the realm of possibility. I don't know if under these conditions one shouldn't rather reconsider their consumption behavior instead of begging their own parents for money to cover the additional costs. To be honest, I'd be too proud for that. 0% financing for kitchens and cars is discouraged everywhere ("then you simply can't afford it"), but with a massively higher investment, it's suddenly legitimate. No, for me, this model is also not an option.:)

What's the point of all the saving? We also save 60% of the household's equity - but come on, there has to be something in it! Why even earn money beyond the cost of living? You only live once. Some people here still seem not to have experienced early deaths. Don't forget to live!