Equity understanding problem

But I only have 10,000 Euros now, because my liquid equity was 10,000 Euros at the beginning and so far the bank has paid all the bills. But I need 15,000 Euros. And that is exactly where my understanding problem lies.

Is that serious? That’s just an everyday situation. You want to buy something, but you can’t afford it; so buy something cheaper or save longer...

With only 10k liquid funds, I would reconsider building a house anyway.

He contributed 100k in land that can be used as collateral. Don’t act like the guy is half bankrupt.

I wrote liquid assets. The property serves as collateral for the bank for the remainder and will have a positive impact on the interest rates. Besides a kitchen, you will also need other things that are not financed...

What stops him from fully mortgaging the property and having part of it paid out to buy the kitchen and so on?

His data posted in #1?

That does not contradict it. He can theoretically get the 5K€ from the bank right away. He wants to use 95K€ and has already paid 100K€ for the property.