Home financing ever possible? Probably not!

"The bank would even make a profit if the repayment plan had continued with half the rate," aha, and from which rate would it no longer make a profit? So even at a rate of 10%, 1%, 0.01 EUR? And either the bank's business model is "snatching up the houses," or it's generating income through the rates that you consider exaggerated, so which is it? If they can't suffer any loss, then they can never go bankrupt either, cool.

"Banks bear no risks because in the worst case they are rescued anyway with taxpayers' money." - so the saying "too big to fail" is not true at all because it doesn't depend on size? The real estate financing Volksbank from Kyritz an der Knatter would always be rescued, the Basel regulations are nonsense because in the end the state always rescues anyway?

So I think a bit more economics or banking studies are needed to understand these market mechanisms...

I also consider the 100,000 EUR purchase price without significant renovation effort in the Rhein-Sieg-Kreis to be impossible. And all the houses that were on the portals in the last two years, who bought them then? The mentioned millionaires for renting out, Vonovia and the like, millionaires or DAX board members who are the only ones who can afford these prices for personal living?

For that, you only know cases where loans were basically forced on them? Sure, anyone who realistically assesses themselves that asking the bank is pointless doesn't even get rejected. But there are plenty of cases where the desire is there but the financial situation simply doesn't allow it—regardless of whether the person or the bank came to that realization.

Please excuse me, I am in the private sector and am hardly familiar with official bureaucratic language. We place little value on correct phrasing. What kind of service exists and why would someone commit to it when they could be paid so much better in the private sector?

A good friend of mine is a civil servant at customs (higher service). She has already received offers from many big companies (70k+ gross). She is not changing (yet) because she feels obligated :D

What is your task or your motive to throw such a fox into the henhouse here?

What was actually your original goal here?

I have already pointed out the exaggerated use of words on the first pages. In plain language: opinion manipulation is being carried out here by the original poster. Those who want to know more should take a look at the topic of opinion manipulation by Henry T. Conserva on Wikipedia. The methods are represented here. Why someone does such a thing, I do not know. Maybe we all have to save our money from the bank by 12/24, so that the little angels with the bells will come? ;)

Oh, right, how could I forget that banks basically bear no risks at all. That also explains why they just hand out mortgage loans at the front door almost without any checks. I don't know how it was with you, we were basically asked, "So, how much would you like?"

We had a bank meeting four years ago where we wanted to define our financial framework. Household income was 4,200 net at the time. Equity for ancillary purchase costs.

The question back then: How much money do you want?
Us: no idea. We want to know how much we can have so that we can search and plan.
Bank: You can have 500k over the counter the day after tomorrow without further checks. If you want more, we need additional documents.

And it still works like this nowadays, that only above certain sums further checks take place.

The bank didn’t even want pictures from us afterwards, just the exposé we had printed from Ebay Classifieds ;-)

The risk with new builds is really very manageable. We have a shortage of apartments and nobody wants the old dumps anymore because the additional costs eat you up. Energy-efficient buildings are in demand and the bank has hardly any risk there. The risks are with some uninsulated old buildings with night storage heaters.

"Banks bear no risks because in extreme cases they are saved anyway with taxpayers' money." - so is the saying "too big to fail" not true at all because size doesn't matter? The real estate-financing Volksbank from Kyritz an der Knatter would always be saved, the Basel guidelines are worthless because in the end the state always rescues after all?

...

But you only know cases where loans were practically imposed? Sure, anyone who realistically assesses themselves that inquiring at the bank is pointless won't get a rejection either. But there are plenty of cases where the desire exists but the financial situation simply does not allow it - regardless of whether one or the bank came to that conclusion.

Cooperative banks have their own protection funds and support each other first. In addition, the cooperative bank can demand more money from the shareholders in case of difficulties. Just take a look at cooperative law. Loans were also pushed on people in recent years and many overextended themselves. Acquaintances of ours, she a teacher, he a janitor, they were definitely supposed to be given 800k for a house construction. Regardless of the fact that she is the main earner and children are planned.

Sicherung funds (so basically a form of insurance in the broadest sense) are something different from a bailout by the state, we agree on that much, right? Regarding the obligation to make additional contributions: then also take a look at how many cooperative banks exclude this in their statutes. In the next step, have a look at the amount per business share to which this is limited if no exclusion applies. The same goes for the liability of the guarantor for savings banks: of course this exists, but the city princes would surely get on the savings banks’ executives’ case if they gave out loans so uncritically. Obviously, there is a range within the banking landscape as to how conservatively they assess default risk. It is also clear: new construction and house purchase are two very different matters in terms of processing. In new construction, it is possible to conservatively require invoices according to construction progress, while in house purchase the bank more or less only has the choice between "believing the exposé" and "sending its own employee or an external appraiser to determine the value on site." But the idea that banks cannot suffer losses and therefore all banks can and do just distribute the money unchecked is absolutely not the case on a broad scale.