Error in financing?

where do the numbers with over 100% financiers come from? That it should be declining, I can hardly believe given the current market situation and where saving behavior has developed – see in my case...

You should take a look at the users' profiles, then you'll see where the numbers come from.

Also, you shouldn't insult users here who give you their time. After all, they don't do that to you either!

Where do the numbers with over 100% financiers come from? That it is supposed to be declining is something I can hardly believe given the current market situation and how saving behavior has developed – see in my case...

Belief is the responsibility of churches.

Just google "EUROPACE-Index (EPX) Real Estate Financing Q1 2016"

Europace has 25% of the total volume of real estate financing.
Well-known financial brokers who work through Europace are, for example, Dr. Klein.
That is already quite representative.

okay... crazy, I wouldn’t have thought that and it somehow doesn’t fit the market, but I’m not an expert on that.

What would be reasonable from this perspective, with a total volume of about 450k?
Taking out a building savings contract to secure interest rates on a larger loan? Is something like that even relatively risk-free when you don’t yet know when you want to build?

Is it more about getting to 100 or 99%, or is the opinion here to aim for 90 or even 80%?

Based on the 450k, we have about 15% incidental costs from the land for new builds, so I’m calculating 20k euros. Am I then at 100% if I have the 20k myself?

What would be the reaction here if I had 20k today, or asked differently, if I say I will have the 20k after period X? (If I had it today, most would probably say I should save even more money).

20k realistically considered without calculating everything now would be around the end of 2017, so in 1.5 years. Depending on bonuses, it could also be 15k or 25k, but roughly it should work until then.

In my calculation – let’s say it’s the end of 2017 – I then do exactly everything as now, save myself 160 euros in loan costs for the 20k, but only for the first 15 years. After that, I have to pay the same as now calculated and I am done later. Possibly the interest rates are slightly higher, but that doesn’t make the prefabricated house any cheaper.

I really don’t see the big added value here. If I want to play with 40, 50, 60k equity, then we only start in 3, 4, 5 years...

okay... crazy, I wouldn't have thought that and it somehow doesn't fit the market, but I'm no expert on that.

What would be reasonable from your perspective here, with a total volume of about 450k?
Taking out a home savings contract to secure interest rates on a larger loan? Is that even relatively risk-free if you don't yet know when you will build?

Is it more about getting to 100 or 99%, or is the opinion here to get to 90 or even 80%?

Based on the 450k, we have about 15% additional costs from the land for new construction, I'm counting on 20k euros. Am I then at 100% if I have the 20k myself?

What would be the reaction here if I had 20k today, or put differently, if I say I will have the 20k after period X? (If I had it today, most would probably say I should save even more money).

20k realistically without calculating everything now would be around the end of 2017, so in 1.5 years. Depending on bonuses, that could also be 15k or even 25k, but roughly it should fit by then.

In my calculation – let's say it's the end of 2017, I do everything exactly as now, save myself 160 euros in loan interest for the 20k, but only for the first 15 years. After that, I have to pay the same as now calculated and I am done later in the end. Possibly the interest rates are slightly higher, but that doesn't make the prefabricated house any cheaper.

I really don't see that great an added value there. If I want to play with 40, 50, 60k equity, then we start in 3, 4, 5 years...

With 500k, you should have 20% -> 100k. Is the math really that hard?! Then it will just be 5 or more years. Or were you forced to spend all your money in the last years?! Don't like it? Then stay in the rental apartment. I know enough people who pay rent because it simply isn't enough for a house. Also people who earn well... but who say, "in my situation I can't have land + house, better a really nice rental apartment." We almost took exactly the same path... despite significantly higher net income than you.

It’s really so funny here... I have already asked many friends because of the post, who have also built or who have worked in the financial sector, former bankers etc... and really none of them have remotely such concerns as the specialists here.

It’s rather like "yes - having equity is always better of course and 10 years ago it wouldn’t have worked without it at all, but nowadays many do it and it’s also not worth saving first and then the interest rates go up and in the end you have to pay longer when there is no income anymore."

And if your acquaintances say something different, there are two possibilities: They know more than we do here or you told them differently. Or they know less because there are enough people who don’t fully explain their own financial situation to their acquaintances.

Or they tell you what you want to hear because they know how you react *g*

I read the thread again and find it quite intense how things are going here.
the people who respond here do so to help you and support you. But also to prevent you from one day standing before the shattered pieces of your existence.
It’s possible that sometimes they paint it a bit too dark. But - as far as I remember the first pages of this thread, not without reason.
However, one should not necessarily throw “dirt” at those who try to help. Because then the reaction quickly comes “I’m out of here,” which is equivalent to “then just let him run into his ruin.”

Your acquaintances who don’t have these concerns know that you have no equity.
Do they also know that you have spent your money completely for years? That you want to change this from one day to the next? Did you tell them this that way or do you assume they should know this? They probably can’t know because usually people don’t talk about money in Germany or only somewhat. Usually people only ever tell the good and positive things. The bad things are left out (except maybe with the best friend). Therefore, they will probably not know how high your income (your wife’s income) is, how much you spend monthly, that you haven’t saved anything long-term so far. Thus, these statements from your acquaintances should always be treated with caution. They probably have not been given the whole picture by you. We probably haven’t either – but perhaps a bit more.

By the way – have you already started your household budget? I think you wanted to start it about 2 weeks ago.

Hello,

strange that there has only been one direct reaction to my last post now.

: From your post I gather that you don’t believe we can actually pay off the money because of our lifestyle? But you are also aware that the loans were all significantly higher, we have basically paid back a lot per month over the last 3 years and will be done soon. We managed that and it never got tight. And I’m happy to repeat that the current plan, risky as it may be regarding what-if scenarios, does not cost more per month overall than we currently pay in rent + repayment.

I could understand many more arguments if we wanted to spend additional money and I said, yes yes, from now on I won’t spend that much but will put more into the house every month than I have in fixed costs. That could be doubted. But as paradoxical as it now is – if a house comes I won’t necessarily pay more than now at first (I just need every remaining euro for things that then come up), but if I want to save a lot of equity and don’t have a house yet, I definitely have to put aside more per month than we currently repay and will later have a house and pay it off longer during retirement.

Sure, it’s a different financing then because not more than 100% but maybe 100% or even less, but still the points just mentioned are somewhat strange...right?