Financing purchase of existing house BW, 800-850k€

I am still convinced that a self-purchased or self-built property should also be payable with one salary (worst case 50% of one salary) and that a self-acquired property should be cheaper than the local comparative rent (over 20 years) However, this no longer seems to be the case in the southern area, so what to do?! You have to do something after all, since stagnation can hardly be an option for our existence.

I am still convinced that a self-purchased or self-built property should be able to be paid for with one salary (worst case 50% of one salary)

I am still convinced that a self-purchased or self-built property should be payable with one salary (worst case 50% of one salary).

Sorry, what kind of rule is that? I've never heard of that. Then soon nobody will buy or build anything anymore. 50% of one salary? With two salaries of 3,000 net each and a total household income of 6,000 euros, you are supposed to calculate with 1,500 euros income, or what?

And what is bad about that now? For 1,500 euros I get 500,000 euros (1/2 million euros) financed. Those who finance in these amounts usually bring a little equity capital with them, so that the property ultimately costs 600,000 to 700,000 euros or more. From my point of view, anyone who finances in this amount or higher without equity capital has nerves of steel.

Since the beginning of Corona, properties have regularly come up for sale or auction in our area because the owners have calculated too tightly. One reason is that high amounts of own work were partly planned and now the material can no longer be bought. Another reason is that (in couples) one lost their job during the pandemic and could not find an adequate replacement or one or both have been on short-time work for a longer period and household income has thus decreased and suddenly at the end of the month there is always a minus. It works for a while, but not permanently, especially if unforeseen expenses suddenly arise.

For my wife and me, it was also important at that time that the apartment can be paid permanently with one salary in the worst case. We wanted to have children at that time and now have a healthy girl who is now walking. But what if the little one had not been born healthy and one would have to take care of her permanently and therefore could no longer work the planned (and necessary for the financing) number of hours? What if we had had twins?

Ultimately, everyone has to assess for themselves how much risk they want to take. We also earn 5,000 net and I still don’t want to pay 2,000 euros per month for the financing and hope that nothing happens.