Future development of construction costs

I do agree that banks also have responsibility.

But how many half-wits are there, please, if such loans are taken? Does everything shut down in people's minds when they're obsessed with a house?

A single-family house does not make a better person.

Owner-occupied homeownership is generally not an investment, especially not when 100% financed.

The calculations to find out what is feasible and what is not are not rocket science.

Why do so many still go overboard? Is the house the only milestone they want to achieve in life?

People should not be completely released from personal responsibility. If the house is too expensive, then no house. Life still goes on worth living.

The problem is, as I have experienced myself, that so-called financial advisors who work directly with certain house-building companies propose exactly such financings. This way, the already inflated offer still produces a great rate and manages to get the "stupid" customer, who only wanted to get information, to sign a preliminary contract after the 2nd or 3rd meeting.

No, I did not sign anything, but this was already hinted at during a meeting, and I am sure that some people who already have this dream, have just enough income to cover the 1% repayment contract, and see the very short deadline of the "feasible price guarantee," will fall into the signature trap.

The awakening usually comes after the cancellation period, if this is even granted.

By the way, I will not have any further discussions with this company.

Half a million or more for a house with land in a normal location and standard finish is no longer a rarity here. Many in the forum approach such a thing with enough equity and repayments starting at 2%. If you have a net household income of 5000+ and approach it with 20% equity, then you can also afford houses worth 500-550k€.

The 1% repayers are those who get talked into a new build with a normal salary and then end up either in additional financing or house repossession.

A basement has meanwhile become a luxury position in house construction. Ah, and building a house is not a basic right. If the salary is not enough or you do not want to make sacrifices, then you can also live well renting.

See parallel thread. It leaves me speechless

Me too, if that is possible for me.

See parallel thread. That leaves me speechless

Yes exactly, those are the examples. Best with a car loan hanging over you. As already said, owning property is not a fundamental right.