Home financing ever possible? Probably not!

Hello again!

I’m pretty surprised that the thread is open again, after it was supposed to be permanently closed because of the racism accusation! My eyes almost popped out when I saw that you could write here again.

Thanks to Pitigliano for his calculation!

Mimimimi. Get a plot of land and a wooden house, or, if the budget is bigger, walls. You can probably even do it with equity.

I’m currently selling a penthouse for 700,000 (I’m a developer) and the installments over 20 years have risen from 3300 to 3800 compared to last year. Even that is affordable for two people.

Adam’s post also beautifully shows that people in that league don’t see a problem with it. As a developer selling a penthouse for 700,000 (possibly in Berlin or another big city?), it doesn’t even matter who buys it. Someone will buy it! Whether it’s someone from here or somewhere else.

That the middle class in their own country can no longer afford a property that can be paid off before retirement – whatever!!

I know, I’m totally unreasonable and uneducated for simply not wanting to see that the free market regulates everything and you just have to swallow that – I’m so stupid – sorry!

Say... why does anyone even choose the lower, oh no, simple service, the civil servant career path, if it brings no advantages other than disadvantages, hardship, and ridicule?

As far as I know, there is no simple service anymore.

Apologies, I am in the harsh economy and hardly familiar with bureaucratic language. We do not place much value on correct phrasing. What service is there and why does someone commit to it if they would be paid so incredibly much better in the private sector?

And even if you finance for more than 30 years: One of the two original posters is a civil servant and will therefore receive a generous pension.

Unfortunately, this shows your ignorance regarding the public service. It is by no means the case anymore that everyone would like to work there. Those times are long gone and ended several years ago. There will also be no — as you say — "generous" pensions for civil servants who retire after 30 years. Demographic change spares nothing, and mathematics does not care what is stipulated in laws; sadly, my generation will still have to face that. Those who are retiring now (Boomers) hardly notice any of this, as they are both the cause and the beneficiaries of this devastating situation.

Please forgive me, I am in the private sector and hardly familiar with bureaucratic German. We pay little attention to correct phrasing. What services are there and why would anyone commit to them when they would be paid so much better in the private sector?

Intermediate, upper, and higher service. I don’t mean that the private sector pays better everywhere, but that certainly varies in different regions and industries. From my perspective, the strongest argument for becoming a civil servant is the job security if you are a civil servant for life.

Sad indeed, but I have to agree. Pensioners lull themselves into a security that does not exist. Money does not fall from the sky, it has to be earned.