Financing - your opinion? Realistic?

Your mistake is that you seem to believe your conditions from two years ago have anything to do with Hinterlandbau’s potential conditions. The situation now is just the way it is. If you think about whether someone else somewhere else at another time possibly paid less, you will only become unhappy. And you could just as well think about the fact that construction interest rates have also been double-digit before. So, what does that tell me?

I have not even included the 22,000 euros of equity in my calculation; that is still added on top of the costs.

Your error in thinking is that you seem to believe your conditions from two years ago have anything to do with Hinterlandbau's potential conditions. The situation now is just as it is. If you think about whether someone else, somewhere else, at another time possibly paid less, you will only become unhappy. And you could just as well consider that construction interest rates have once been double-digit. So, what does that tell me?

No, I don't see it that way, since we have roughly the same monetary income situation as already mentioned, and I would like to share my concerns because I myself also had doubts about my financing, and the OP asked whether this is normal and whether the financing could actually work. I have already stated that it can work, but that personally it would be too expensive for me... I consider it irresponsible what is sometimes approved by banks or also here in financing, which might work quite well in the current situation but, if you are honest, can only hardly or partly not work at all. I find it very unfortunate how many people force their entire lives into a corset because they were poorly advised. Some of them will still experience a rude awakening, and that is why I registered here to at least raise some awareness. When I calculate something like this for people, I don't do it to brag about what a great financing I have, but rather to show that currently many people, banks, and companies earn a lot of money from young, dreaming people and their fates and know very well that they could become very unhappy. Unfortunately, nowadays not everyone can afford a house, maybe some just have to wait a few more years and then wait out the broken fates and take over the houses...

Unfortunately, not everyone can afford a house nowadays, maybe some just have to wait a few more years and then wait for the broken fates and take over the houses...

That has never been the case. And those who can't afford it today will most likely not be able to in the desired location in a few years either.

It never was. And those who can’t do it today will most likely not be able to do it in the desired situation in a few years either.

Well, my grandparents built with absolutely nothing in their pockets and did almost everything themselves. Back then, building materials weren’t so expensive yet, and of course, they gave up a lot for a long time. I don’t see that as possible nowadays in this way. Usually, both parents have to work today, and as a sole earner, you really need a well-paid job to support your family, let alone pay off a house. It was a bit different in the past... but all the complaining doesn’t help. I just see that new housing developments are popping up everywhere and suddenly everyone believes they can build. For some, though, it would be much easier and nicer to live in rented housing, but society currently teaches you that you’re worth nothing without property. In some cases, though, the one without property is actually the smarter one... I think financing is borderline at this point. If his income rises a bit in the next few years and they can sell the land at a good price, then maybe there’s a chance to buy an affordable, almost new, nice divorce house and then pay perhaps 50,000–100,000 less compared to a new build at the current time. The market will normalize again eventually. It can’t be that everyone builds something. First, space will run out, and second, you would end up with massive vacancies somewhere. The government will intervene at some point... You really have to carefully consider what you want, what you really need, and above all, what it’s worth to you... everyone is the architect of their own fortune

Well, my grandparents built with absolutely nothing in their pockets and did almost everything themselves. Back then, building materials weren't that expensive, and of course, they went without a lot for a long time.

You can still do that today; but many don't want to anymore or don't dare to. Or they have different priorities in life.

And as for the cost of building materials: wages were correspondingly lower as well.

Also, people today often don't just want a house; they want a certain standard.

There is also a trend toward more square meters per person. In other words, smaller, cramped old buildings are demolished and replaced by more spacious living units. In the end, there aren't really more living units available.

Furthermore, there is still a certain urge to move from many areas in East Germany and elsewhere to the places-to-be.

Secondly, you would then have masses of vacancies somewhere. At some point, the government will intervene...

Last year, Postbank presented a map/statistics showing where they see potential for positive value development until 2030; but also where things are clearly going downhill.

The question for the original poster is whether you live in an area marked more in green or rather in red.