House Building Forum - Would you buy or build a house again?

That was admittedly a special situation and, if taken the wrong way, a bit like tenant nomadism.

During school and vocational training, I lived at my parents' house (which nowadays is no longer a given). I then wanted to study and at the same time move out and be independent. By luck, a one-room apartment (32 sqm) very centrally located at my university town was foreclosed and auctioned off, which my father bought for 11,000 EUR. Since I did not receive BAföG, his support was to let me live rent-free there during my studies. The total rent would have been 230 EUR. That was the monthly support (not much compared to most fellow students, but just right for me – there were many who got more pocket money besides car and apartment than the mentioned rent – but that's off-topic). I covered all the rest (phone, internet, mobile, food, drinks, clothes, hobbies) through part-time jobs. That way I could live completely independently throughout my studies.

It has absolutely nothing to do with tenant nomadism but with a reasonable cost-benefit calculation. The best thing your father could have done. Supported you during your studies – but at the same time taught you independence. Now that you no longer live there, he can sell the apartment again on the normal market and will probably make a profit. Everything done right.

The apartment practically had no vacancy after me, there were always students or commuters living there. As soon as one moves out, the next one is already waiting. When the apartment reaches 10 years in my father's possession in 2 years, it will probably be sold again without having to pay taxes on the "speculation gain." For me personally, it couldn't have gone better. Fortunately, I won't have the problem with the 10-year period, since my apartment is used exclusively by myself. For me, the purchase price + renovation costs + loan interest will be covered again, and probably a small profit will remain beyond that. I personally couldn't have built equity any better.

Velbert is not Osnabrück and has nothing to do with Neubrandenburg.

5-7 km away from Velbert, the prices for plots are already beyond 500/sqm.
And they are approaching Düsseldorf levels more and more every day. You don’t even seem to know where Velbert is. And what is being done there. And as for Osnabrück – by the way a prime location – you apparently have no clue either.

Comparing Osnabrück and Velbert with Neubrandenburg, where land prices are lower, shows that your expertise must be lacking.

I also said: 30% is the limit. Building is possible, depending on equity and so on. If your location is more expensive: your problem..... it just doesn’t work with 30%. My posts: you haven’t even read them properly. And you react like this????

You are rude and cheeky towards me as well as totally presumptuous. Honestly.
You’re the first user I’m putting on the ignore list here.

If I am out of touch with reality, then what are you? Are you serious, good sir?

My posts do not deserve replies like yours.

I wish you a good life.

?? What's wrong with you, so delicately eliminated? Hansdampf didn't really write anything bad...

Phew, the reaction is really a bit exaggerated. Hansdampf just has an opinion that isn't quite in line with the attitude typically expressed here. You go into any random finance or securities forum, and the opinion that building a house – purely from an economic point of view – is better than renting is practically no longer represented (of course, that doesn't exclude wanting to buy a house anyway). The opinion that a house is financially the only true thing is mostly found only in house-building and financing forums (a villain who thinks badly...) and at the regulars' table. The truth certainly lies somewhere in the middle, the whole calculations depend on numerous parameters (inflation, price development, securities development, maintenance costs, timing of sale, etc.) and thus can be interpreted for either side by even the smallest changes, which doesn't exactly make the discussion on the topic easy.

And that Velbert’s price level really can’t be compared with expensive areas in big cities, that shouldn’t really be doubted. You can nicely check the land reference values on Boris.nrw.de. And yes, I myself come from NRW and know the area. But actually, it doesn’t really matter who has what land prices where. Be glad that it is still affordable in Velbert.

The flat 30% may be a small indicator for a certain income region, but that’s all it is. If my family income is 10,000 net without children, I can also afford 60% without problems. If it is only 4,000 net with 2 children, 60% would usually be close to bankruptcy.

Keep in mind that the tenants' lobby is missing here.
And percentages depend on the 100.