Financing plan single-family house 150sqm

Hello, the repayment is only 2% and assumed special repayments. At least 2,000 euros will be spent every month on interest / repayment and additional house costs.

That means a lot has to fit in the future here. Big leaps, purchases, vacations are not possible. Why hasn’t more been saved so far?

No parental support on either side, student debts (Bafög and deferred tuition fees), wedding completely self-financed, first child, 2 cars needed for work (both used, bought together for around 20k, one family station wagon, one small car). I myself have been out of university for 5 years, my wife for 2.5 years, and so far we have paid off all liabilities and have also taken 3 relatively big trips by our standards (2x Scandinavia). Yes, we also treated ourselves well at first; when you have to live on 600-700€ during your studies, you fulfill one or the other long-cherished wish afterwards.

In addition, a "over-100%-financing" was basically never an option for us. This was also because until 2 months ago we had only been looking at new builds. And since the incidental purchase costs there are on a completely different level, we would have been able to pay those well out of equity as usual. But due to the near impossibility of obtaining building land (on average 500 applicants per 50 plots) and the equally high construction costs, we have been open to existing properties for some time now.

This is not meant to be a blunt excuse here, even if it sounds like that on rereading in parts, but simply to represent our situation factually. We are aware that our equity is a joke. But saving to keep up with the ever-increasing property prices only makes sense to a limited extent. There is no end in sight. And since we want to move anyway due to work commute reasons, the topic of home ownership is relevant for us now.

Thank you for the explanation. So you have "saved" or rather not accumulated any loans

That's how it looks. Student loans paid off and the station wagon financed back then paid off. Then paid the second car in cash. Otherwise, have never taken out a loan.