Home financing ever possible? Probably not!

Yes! But you did not address how long one would repay a loan of this amount, because in the example with 600k and the money available to us, that will not be possible in this lifetime

What I also wanted to get off my chest. Some have written that we should just buy and that we are capable of doing so: But are you actually aware of the fact that the current prices for real estate do not have that value at all? Is it really fair if, for example, 600,000 is demanded for a house, although its REAL value might be half that

Sure, that may not bother you, but it is not fair and why should one enrich oneself on the backs of others? And it is still illusory to finance such a property with our salary, because it just takes one time the heating breaking OR (and that would be the worst) the key interest rate rising to infinity and the fixed interest period expiring at that time.

By the way, many people will experience exactly that next year and they will lose their homes because of this policy, which - as I now also believe - is even politically intended, because the state actually doesn’t want people who are independent and own property!

Supporting this is also the fact that from 2025 all renovations must be aligned with the latest standards, which will lead to many people having to sell properties needing renovation because they can no longer afford it. It is actually all expropriation through the back door

Yes! But you didn’t address how long it takes to pay off a loan of that amount, because with the example of 600k and the money available to us, it won’t be possible in this lifetime.

THANK YOU!

Finally, someone understands!

And according to Mrs. Merkel, we are living in the BEST Germany of all time!!!

There have now been multiple questions about creditworthiness. I can gladly answer that, although it is actually irrelevant because it will not change the situation. By now, others here have also written that with our money, it would be better to refrain from buying.

Of our 5200€, we pay 1400€ monthly (this also includes additional costs like electricity, gas, and water).

But then there are living expenses as well: Inflation is currently eating up everything. A weekly grocery shopping, for which I paid 60€ two years ago, now costs almost 100€, and generally all things have become more expensive. I have to say that overall we are very frugal and do not buy new clothes every month, as others might do.

And as I said, rent is the main cost factor, which other people who do not work simply do not have. However, those responsible do not care if and to what extent this burdens us, because as a member of the Bundestag with a salary of almost 15,000€ monthly (expense allowance + lump sum), one naturally does not have to ask such questions (and can make decisions that one does not have to suffer the consequences for or be responsible for oneself, but others do)!!!

Of course, we also try to save money monthly, and we do that. But it is only possible because we rent (and yet it keeps getting more expensive). Social security contributions will also increase again next year.

Right, in real terms, 5200€ no longer have the same value, but the amount has halved.

And at the same time, our social systems continue to be flooded with people, and the number of contributors is not increasing but remains the same and constantly decreases.

What is being done here is simply totally horrible.
I still find it significant that for such an opinion one is labeled brown. By the way, I also find it funny that apparently no one here would have a problem enriching themselves through forced auctions, even though people have already committed suicide because of this. But racism is of course very bad – understood!

To my much more important question, where does all your money go if you think you can't buy a house with 5.2k,

as protection against currency devaluation.

But gold is recognized as a currency and there is a clear price for it after all.