House purchase and house construction - What can we afford

Unfortunately, I am aware of that, it was just basically my "first" milestone - since it was completely earned with my own money (see point 1). Rationally, I have to agree with you more than right. Rent would surely be significantly > 1000 (currently, if I look at neighbors' apartments, I would rather realistically think 1500 + if rented furnished rather 2000). But yes, maybe I need to reflect on that again in the next few months.

Assuming 450k and 4% interest, the apartment must generate a return after maintenance, taxes, etc. of €18,000 per year. That is €1,500 per month, as I said, as net income after deducting all costs.

OT: "Crazy" story. Did everything right (and had the necessary bit of luck as well). The working hours sound a lot like IB/UB. Probably managed to exit into the industry at the right time, hopefully before burnout.

Honestly, you have all the prerequisites. Even in the expensive cities of southern Germany, a new building should be doable for you. During high interest rates, just reduce the repayment accordingly. I'm curious if you'll continue to report here. :)

So with the data from you, I don't understand the question. You can easily afford a house at that price without taking out a loan. I also think you’re not completely stupid to look at the location yourself. Buy your dream house

With a lot of luck Tiny House in Dessau, I don’t see more than that, sorry.

Congratulations on so much money! Based on your earnings, you could easily support three families, but you don’t even come up with the simple idea of going to a financial advisor… hmm… that would be my tip. Or maybe try calculating yourself once. A bit of common sense should also be there when you have a lot of equity ;) We also can’t see how much income is lost if one of you takes care of the kids.

Moreover, I have only marginally raised my "Way of Life" above student life.

Then a starter property like a developer-built semi-detached house or a Town & Country house (the latter, caution: running gag) could be the right thing. Because they already cost something in the area. What I want to say with this: it should probably not be a problem to invest in an average property in a fairly good location. You don’t have to calculate your house according to mainstream costs with outdoor pool and kitchen, lots of nice-to-haves, if it doesn’t fit the “Way of Life” anyway.

Condominium in a large city in southern Germany, value just under 450-500,000€ (but I don’t want to sell - emotional reasons),

Emotionally, I would rather sell an apartment to those who are worthy of it than rent it for 1000€, where the tenants tend to neglect rather than appreciate and maintain it.

Assuming 450k and 4% interest, then the apartment must generate a return of €18,000 per year after maintenance, taxes, etc. That is €1,500 per month, as I said, as net income after deduction of all costs.

Don’t destroy my emotions with facts :-) But yes, you are of course completely right.

OT: “Crazy” story. Did everything right (and added the necessary bit of luck). The working hours sound a lot like IB/UB. Probably managed the exit into industry at the right time, hopefully before burnout.

Honestly, you have all the prerequisites. Even in the expensive cities of southern Germany, a new building should be feasible for you. During the EZ simply reduce the repayment accordingly. Looking forward to whether you’ll report further here. :)

Exactly guessed the industry right, unfortunately exited just a bit too late. The point about repayment is very interesting, can that be negotiated into the contracts?

So with your data, I don’t understand the question.
You can easily afford a house at that level without taking out a loan.

I also think you’re not completely clueless to check out the location yourself.

Buy your dream house

No – but that’s exactly where the point emotion <-> reality comes in / With the sums floating around, my/our ears are ringing a bit. Unusual scenario to go into debt over many years. Or to invest so much money.

Congratulations on so much money!
Based on your income, you could easily support three families, but you don’t even come up with the simple idea to see a financial advisor… hmm… that would be my tip. Or maybe do the math yourself.
Some common sense should be there even with a lot of equity ;)
We also can’t see how much income would be lost if one of you takes care of the kids.

Then a starter property like a developer semi-detached house or Town & Country house (the latter, beware: running gag) might also be suitable. Because they already cost something in town.
What I want to say: it should presumably not be a problem to invest in an average property in a fairly good location. You don’t have to calculate your house according to mainstream costs through outdoor pool and outdoor kitchen, tons of nice-to-haves if it doesn’t fit your “way of life” anyway.

Emotionally, I would rather sell an apartment to those who deserve it than rent it out for €1000, where the tenants tend to abuse it rather than appreciate and maintain it.

Financial advisors are a thing – we have that quite well under control ourselves / but primarily for investments/ invested money. The topic of property is completely new territory for both of us, where we are currently working our way in. I came to the apartment kind of by accident because the price was obviously unbeatable when buying (it was offered to me by the landlady at a more than fair price for location/quality) – the purchase decision was made on gut feeling within 24 hours back then. I probably wouldn’t do that today anymore (despite the fact that the result was/is more than good).