House buying - No idea what one can afford

Now, one should not allocate more than 1/3 of the net income, or not more than 40% of the net income; whichever is lower should be taken.

1/3 will always be less than 40%

1/3 will always be less than 40%

At least someone who reads my posts thoroughly

How is the calculation done here? Doesn't the monthly rate in combination with repayment and interest rate also depend heavily on the term and remaining balance? Or am I mistaken? That would mean less repayment, and that’s not possible with poor parameters? I thought 2% is a lot nowadays.. Many had only 1% in the past... but as you can see, I am not an expert..

The term is just a combination of initial repayment and interest rate. In other words, the lower the interest, the higher the repayment must be to achieve the same term in order to fully pay off the loan.

Example: At 5% interest as in the past, 1% initial repayment "was enough" to be finished in ~37 years (the rate remains the same over the term, but the distribution of interest/repayment shifts with classic annuity loans).

At 1.5% and 1% repayment, the calculated term would be 62 years.

Now please everyone calm down a bit and don’t scare off our new forum members right away.

For all of us, the topic of building/construction prices, loans was once uncharted territory.
mentioned at the beginning that he is just starting out on this topic.
Let him browse the forum a bit to find realistic construction prices and interest rate conditions and then he will have to consider whether he wants to restrict his lifestyle or not.
The income for building is generally available. The necessary equity can also be saved up relatively quickly if he really wants to build, so that it will not be 130% financing but “only” 110%.

Answer to the headline: "No idea what you can afford...."

You can currently afford nothing in terms of building a house. If you could afford something, you would not be financing consumption.

the entrepreneur with 20k again