House construction, how much can we finance?

You have no idea how "great" it feels when I bust my ass to do my Master's degree alongside my job to climb higher. To be able to afford a property on my own. And my neighbor puts his feet up, doesn’t lift a finger more than necessary at work, and proudly announces that he has now paid off his property. With the early inheritance from Dad.

Ok. As psychological advice: it’s not the fact that he was able to pay off a house so easily that makes you unhappy – it’s only when you compare his situation to yours that you feel bad. Focus more on yourself and what you have achieved/want to achieve. Otherwise, you will always feel life is unfair to you. There is always someone who seemingly had it better or easier in life. (Whether this is really the case behind the scenes or if that person feels the same way is another matter.)

Ok. As psychological advice: it is not the fact that he could pay off a house so easily that makes you unhappy – only when you compare his situation to yours do you feel bad. Focus more on yourself and what you have achieved/want to achieve. Otherwise, you will always feel unfairly treated by life. Because there is always someone who apparently had it better or easier in life. (Whether that is really the case behind the scenes or whether that person also feels that way is another matter.)

Aaaahh...yeah damn. That really reads as if I were struggling with my fate. I'm really not. I am taking matters into my own hands and actively changing my life. I think you can also tell from the fact that I'm doing a part-time additional course of study. So far, it’s been working out well for me. Besides, the neighbor is a very good buddy, I genuinely wish him all the best and also find it great that he deals openly with the situation and doesn’t pretend, like many do, that he completely earned it all by himself. But no one can be 100% free of sometimes looking left and right and then briefly thinking that it wouldn’t be so bad either. But everyone has skeletons in their closet and burdens to carry. So I wouldn’t want to trade places with anyone, really.

This was only about the question of whether the inheriting generation will be able to afford the increasingly expensive houses. And from my own experience, I say clearly: yes, many will be able to afford it thanks to a fat inheritance. It’s simply a fact that can also be supported with numbers.

It was only about the question of whether the inheriting generation will be able to afford the increasingly expensive houses. And from my own experience, I clearly say: yes, very many will be able to afford it thanks to a hefty inheritance. It's simply a fact that can also be proven with numbers.

Good to know and yes, also positive. Makes the 1% value increase more realistic.

Rising inheritance still has to do with rising house prices. Besides the pure population, one must also calculate the "demand" per person. This has increased from about 20 sqm/person in 1950 to ~43 sqm/person.

If the housing pressure decreases, the development of inheritances will also collapse.

However, the development of the internet generation will definitely be interesting. I wouldn't be so sure that it will remain desirable to live close to the city center. Amazon and Co. are leading the way; people go to the city center less and less for shopping. Restaurants and clubs are closing, not just since Corona. A whole generation is growing up that only knows each other through the net; they do not meet in the pub on Saturday nights. If even more large companies find that home office increases productivity and reduces costs, this could massively affect the necessity to live close to the city.

If even more large companies now realize that working from home increases productivity and reduces costs, this could have a massive impact on the necessity of living close to the city.

And what exactly do you see as bad about that? Home office means less commuting, which due to the high volume of individual traffic (especially in rural areas) means lower CO2 emissions and at the same time a better quality of life, since less time is lost on the road. If fewer office spaces are needed in cities, these will initially remain vacant. In a second step, I can imagine a change in usage here into residential space, which in turn would ease the housing market. Conversion of already existing buildings means that new living space is created without additional land sealing. From my point of view, that’s great.

We are currently hijacking the thread here
But somehow it also fits the question of how close to the Marburg center you have to live.

I can say that we can still walk to the city center with bars, supermarkets, and restaurants. That is really great and we enjoy it.
But since the birth of our daughter, none of that really matters as much anymore. We use it less and less. In our late 20s, all of that was more important to us.
But that doesn’t have to be the case for everyone. And in the mid-50s, it might become interesting again to have such a large selection within walking distance.

But I believe the trend towards more home office etc. will entice even more people further out of the cities. Hopefully, this will result in more gastronomy and shopping options settling again in rural areas.

I can also imagine that, overall, the price pressure in the suburbs will become greater than in the city centers. The figures for 2020 actually show this at the moment. Single-family houses have risen more in price than apartments.