From 0 to 100 in 3 years realistic? | Building obligation

IF ;) I thought that was clear... That there is indeed an increased cost-awareness at the decision-maker level here, often without considering total costs including subsequent maintenance costs, delays during this period, etc., which are accordingly regulated, and the statement that maybe someday in Germany no one will need programmers anymore or significantly fewer. My previous experiences in all 3 constellations personally lead me as a worker bee to a preference or gradient regarding which tasks I would assign where, IF I were allowed to decide without further frictions.

Between Görlitz and Bavaria, the language barrier can sometimes be greater than in English in a wider circle :p:p:p

But none of this has anything to do with whether the guy with income x and savings rate y can sensibly repay the loan amount z at time xxxx or not.

I would like to encourage the OP - you can really get by without much money. It's just that nowadays people have simply gotten used to spending all their money on unnecessary junk. It simply depends on the lifestyle. For example, we also realized that we only need one car. That saves you 500 euros or more again... We had a spending problem in our mid-20s as well - then we changed it and already have a savings rate of 60% - everything is possible if you really want it. The myth about the millions of homeowners who overextend themselves with the loan - no one in Germany believes that either. Fixed interest rates of 15-20 years give you enough leeway. If you get a loan from the bank in Germany, the income and/or equity fits. Banks also like such high savings rates. By the way, (some people here forget), in Germany you don't go directly onto Hartz IV, but receive ALG1 for quite a long time. There are disability insurances, insurances, etc. Don't always paint the devil on the wall. Too much fear paralyzes.

So the conclusion should be clear. Build, yes, but not necessarily at the scale you are aiming for. The house will definitely not cover your life needs for the next 40 years, so don’t plan it that way either. Build so that you can comfortably fit 2 children and still have a study (small ... very small) in it. For that, you’ll simply skip the walk-in closet. The basement is a luxury you have to be able to afford first. Check if it is really needed or just a wish. Our neighbors built a semi-detached house with a converted attic. There are cleverly hidden cupboards everywhere. That is more than enough. Only one tea set, not 3. With a standard equipment. Not Villeroy & Boch, but Ideal Standard. Simple laminate/PVC instead of tiles/parquet in the living room. A simple kitchen without much fuss. Simply stick wallpaper on the wall instead of having plaster done. When the children are out of the worst phase, you could spend money to make it nice. That’s how all my parents’ friends did it. A little anecdote: Friends of ours proudly showed us their newly laid parquet in the new place years ago. A little later I spoke to her on the phone and she was crying to me that her beautiful parquet was ruined. Junior needed a road for his ride-on car and drew a nicely curved line through the entire living-dining room with a screwdriver lying around. The engraving was so deep that even sanding didn’t help.

I want to encourage the OP - you can really get by without much money. It's just that nowadays people have simply gotten used to spending all their money on unnecessary junk. It’s just tied to the lifestyle. For example, we also realized that we only need one car. That already saves you 500 euros or more... We had a spending problem in our mid-20s too - then changed things and achieved a savings rate of 60% - everything is possible if you really want it. No one in Germany really believes the myth about millions of homebuilders who overextend themselves with loans.

But that is at most a possible model for DINKs or top earners. As a "normal" family of four with 4-5k net, I’d like to see how one is supposed to save 60% without living like an ascetic at the same time. :D

But that is at most a possible model for DINK or high earners. As a "normal" family of four with a net income of 4-5k, I want to see how you are supposed to save 60% without living like an ascetic at the same time. :D

That was exactly the point - OP is 25 and without children ;) not yet a family. And you have to earn well or have equity, as described above :)

that your beautiful parquet is ruined. Junior needed a road for his ride-on car and used the screwdriver lying around to draw a nice curvy track through the entire living-dining room.

Sorry, this is now off-topic, but that almost implies the reverse conclusion that you shouldn’t install anything good in the house because a junior could basically break anything.

Personally, I haven’t had such experiences and therefore wouldn’t even think about not installing something because the child might break it.