Well, whether land prices are expensive or not .... unfortunately it depends on where you build. Around Frankfurt, prices are around 1000 €. The alternative is not to build, and not everyone wants to move far out into the countryside. [/QUOTE]
The question is not whether one can afford a house, but whether the stated financing amount is realistic. Where is the problem?
With 1/3 equity, the total amount should be fine. There are plenty of people who finance €300,000 WITHOUT equity, and that is approved without any ifs or buts.
With 1/3 equity, the total amount should be fine. There are plenty of people who finance €300K WITHOUT equity and it gets approved without any ifs or buts.
That's right, and if you also have an income of €6000 (a dream), you can easily build and pay off without having to go hungry.
In my opinion, the question is not whether the financing amount is realistic, but whether it will work. But that is a matter of personal risk tolerance.
That is perfectly correct. My point was only that the OP is being attacked here because he asked a question that is not just about whether a financing of over 300k with an income of €2,000 should simply be approved (this is now somewhat exaggerated). This is a forum where questions are asked and answers are given. And I think that for many people, especially those who don’t have to watch every penny, it is also about getting suggestions on what to maybe pay attention to, so as not to overextend oneself despite or even with a good income. Accordingly, I do not see the initial question as critical. Whether the OP then wants to arrange the financing in that way is of course ultimately his decision, and he has to be happy with it.