Dream of a house: realistic or just daydreaming?

If you are flexible regarding the location, have a bit of imagination, patience, and the money available spontaneously, then you will surely find one or the other existing property that is around this value.

The question is, should it really be ownership?! A nice rental building with your key data wouldn’t be bad either.

A friend of mine rented a single-family house right in the middle of Hamburg, about 230 sqm (including a fully finished basement), about 250 sqm garden, pool, sauna, completely renovated including a garage for 2 cars and a carport for 2600 EUR/month.

He laughs himself silly about my "problems" regarding craftsmen costs/availability, or even the commute (of my partner), etc.

At first, I tried to argue against it... But by now, if I didn’t have my own paid-off house, I would personally also tend to rent. And if you don’t like ANYTHING, call the landlord or just NEXT. Rent the very next place directly. Spontaneity is completely preserved, which can be worth gold especially when you are single.

So, personally, I wouldn’t stress about buying at all. If it is easy to do, okay, go for it. But as soon as any compromises have to be made or whatever, just rent and that’s it.

Everything has advantages and disadvantages. Owning a house isn’t everything. Believe me... It is in the nature of things that many people who have financed a house over 25+ years and are unhappy with it don’t talk about it here.

If the supposed dream of owning a home can’t be realized, don’t despair! Many roads lead to Rome

Why not?

It’s stated in my previous post. The additional costs. They are lost. Prepayment penalties as well.

If I buy a property for personal use, especially a new build, I have to assume staying in it for at least 5, preferably 10 years. Otherwise, it can become expensive.

And how often does life change radically? (Family, children, illness, death...) Not very often. So no problem. I don’t live for decades in a situation (rental apartment) if I wish for a house and could afford it. Currently, you get the ancillary costs back through price increases. I am absolutely with Nordanney.

The additional costs. They are gone. Early repayment penalties as well.

So what? Every day, millions of people in Germany throw a lot of money out the window by insisting on buying a new car again, getting a new phone every year, replacing the HD TV with a UHD TV (but that doesn’t make private channels any better either ), and so on.
Why should I care about a few thousand euros that I lose on that? This is not meant arrogantly, but why is the house/apartment always seen so differently than all other goods? I want to live, and life simply costs a little money.

On top of that, for example, after 4 years with a repayment of 2-3%, you have already covered the additional costs – the rent would have been similarly high over that time. Price increases like those of the past decades not even taken into account yet.
Early repayment penalties can be neglected, since usually every bank will agree to a property swap for a small fee.

Nice bias. Real estate prices have been going up for 10 years. So you really can't lose. Well.

A new build is like a new car. Directly after first occupancy, at least 10% of the value is gone in my opinion. Plus purchase incidental costs and prepayment penalty.
A few thousand? Increased prices lead to higher loans. I don't have to explain that to you. Calculate the prepayment penalty, for example a €400,000 loan that has been running for 4 years. A few tens of thousands is more accurate.

And Rick, your house is not exactly run-of-the-mill, but the surroundings don’t look like a booming metropolitan area (of course, appearances can be deceiving). When selling such properties, it’s either quick or extremely slow, unless it’s Blankenese or Bogenhausen.

This was also about normal houses and not luxury real estate. With an expensive car, you lose more money at the first start than with a property. Location is always a topic. (Die ist bei mir gut und auch nicht günstig. Habe nur noch ein paar alte Häuser in der Gegend).