House financially feasible at about 5,000 net?

The interest rates are already rising noticeably
I'm curious if in 2 years, after moving in the back, I'll regret it because prices have dropped by 20%.

Don't worry, the bank will get in touch when the time comes and you have to top up your 100% financing. Which is no problem, because with rising interest rates, the ETFs will surely perform well to balance it out.. ;)

Don't worry, the bank will get in touch when the time comes and you have to top up for your 100% financing. Which is no problem, because with rising interest rates the ETFs will surely perform well to balance it out.. ;)

Cute try
How will they contact you with the ongoing fixed-interest financing? I'm curious

Sweet try What do they contact you with regarding the ongoing financing with fixed interest? I am curious

With the Building Code §490 - if your place is worth only 640,000€ on the market instead of 800,000€, they would like additional collateral so that you can create a balance again through additional security. In my opinion, the biggest risk is for people who buy at absolute peak prices shortly before a real estate bubble bursts. They also have the highest fall height..

According to the Building Code §490 - if your place is only worth 640,000€ on the market instead of 800,000€, they would like additional collateral so that you can create balance again through supplementary security.

In my opinion, the biggest risk for people who buy at absolute peak prices just before a real estate bubble bursts. They also have the highest fall height..

Lol You do realize, though, that the house will not be located in Buxtehude? The price per m2 is about 5,500 Euro/m2 Currently sold for 8(!). If the house is worth 4,400 Euro/m2 in 5 years, you may quote me and I will personally eat a broom in front of you !!!!

Don't let yourself be unnecessarily scared. Returns do not come for free from risk. Those who are willing to take risks have good chances. You just shouldn't overdo it. And regarding § 490 of the Building Code: If every bank were to liquidate real estate immediately in a bad market phase, they would probably be shooting themselves in the foot. The bank's profit does not lie in the appreciation/depreciation of the property, but only in the interest margin. It would have to be a crisis similar to 07/08 in the USA for it to come to that. And: still, a significant portion of people have very good financing with a high equity share.

In this special case, however, there is no equity share ;) I would not assume that the bank will force a foreclosure because of a general downturn and thus realize losses. The missing remainder is not easily recovered from someone who has just lost their house. Under proper market conditions and personal difficulties, the bank's assessment looks a bit different.

And a problem could arise if the regulations are changed accordingly and the bank has to take a closer look