Financing monthly installment €2500 with 40 years term

And where is the problem in coming up with 500, 600, 700 EUR monthly for the installment at 67? If you could finance a 2,000 EUR installment before? Who do you think still builds or finances property nowadays? Those are not people threatened by the basic pension, are they?

Let's wait and see if in 30 years everyone isn't threatened by the basic pension...

Yes guys, then just all forget building a house or buying property and rent your whole life. Do you think you’ll be better off in retirement then?!

No one knows what will happen later... but I'd rather pay the money to myself now and not to some "stranger". In the worst case, I sell my house later and look for something else... At least until then I will have lived in my own property. And 100% I will be significantly better off with this option in old age than with the "renting for life option".

And to put it bluntly, I could also be run over by a bus tomorrow... So much for the topic of old-age poverty, basic pension, etc.

My humble opinion has always been: Even as a retiree I would have to pay rent, I don’t want to live under a bridge. So why shouldn’t I also finance a small part INTO retirement?! I see zero problems there. Especially since you get confirmation from the bank that this is possible. Banks calculate with much more buffer and security than you do yourself. So if the bank gives you the GO for financing, what are you waiting for?!

Let's wait and see if in 30 years everyone is not threatened by the basic pension...

To be honest, I really don't care about the amount of the statutory pension. Since I started working, I have been told that I need to provide for myself privately and cannot rely on the statutory pension. It is one of several building blocks and is, so to speak, a certain supplement/treat that I receive without having to actively do anything.

Let's wait and see if in 30 years everyone won't be threatened by the basic pension...

Or rather _by_ the basic pension?! Because what I manage is more than a basic pension offers.

Nobody knows what the future holds... but I'd rather pay the money to myself now than to some "stranger".

What can't be said with 1% repayment is this: you barely pay anything off. And yes, selling is doable, but then most of the proceeds go to the bank and not into your own pocket.

What you can't say about 1% repayment: you hardly pay anything off.

Not at the beginning, with 1% it is still only about 43-44 years currently. The compound interest effect becomes noticeable later. Example: Financing contract of €400,000 today at age 35 with 1% repayment ==> financing runs until you are 78. At 67 when retiring, only about €160,000 outstanding debt remains. That should always be affordable with a pension and significantly cheaper than renting an apartment. And if you are 30 like our couple, at 67 there is only just over €90,000 left.

Let's wait and see if in 30 years not everyone will be threatened by the basic pension...

Then you have a paid-off little house and have sacrificed a lot throughout your life so that it is paid off by retirement. But since in this scenario everything collapses anyway, the neighbors who still have debts but have lived well all those years are hardly worse off...

At 65 or 70, you can no longer make up for what you missed at 35 or 40.

Apart from that. What is the problem if I die with debts on the house? The house has a value that is usually significantly higher than the outstanding loan. That means even if the children or grandchildren do not want it, it will be sold, the bank paid off, and the children get the rest in their account. Does anyone believe they pass on more wealth to their children if they rent all their life?