House purchase planning - but completely uncertain

Off topic: I don’t recall having chatted with anyone about my financing I would probably have been a bit embarrassed with full financing as well. I find that somewhat strange, although I myself am an open type of person... hmm

You’re probably typically German, I would say. I myself have no problem telling someone my salary or what kind of financing I have. Why should I? It’s just money

23.5% OF ALL loans are between 100-150k. That means the rest of all loans are under 100k or over 150k. I will not post a link. It is forbidden here

You don't need to. I overlooked the 23% at the end...

You’re probably typically German, I would say. I have no problem telling someone my salary or what kind of financing I have. Why should I? It’s just money

You misunderstood that. I have no problem talking about my salary, which is generally lower than that of my civil servant colleagues. I stand by that... but now I have my second property, drive a paid-for car, while some (more than) of the better-earning colleagues are worse off, because – here ’s arguments come into play – they first buy a horse and lease an Audi. When it comes to starting a family, they look stupid, because building is so expensive.

Nevertheless, I don’t have to bother any employees who have nothing to do with me. Likewise, I find it suspicious when people I happen to chat with at the checkout or parking lot tell me personal problems or essentially personal things.

In this respect, this info is “hearsay” for me...

I think it’s up to each individual how they want to live. And if that is luxurious, then so be it. It’s not my place to judge that. If someone prefers to take extravagant and long trips rather than accumulate equity, then that is a personal decision that I have no right to question. And may I remark that such people do in fact get something long-term for their money. As Alexander Huber, extreme mountaineer, nicely puts it: another colorful page written in the book of life. If I get run over by a truck tomorrow, then I had more from the colorful pages than from solid equity, just saying on the side...

I don’t want to turn up my nose at people who decide like that. I find that presumptuous. Who am I to judge whether that is right or wrong?

No equity because he has lived a good life so far, because he has other obligations, because he is someone money slips through his fingers. NONE OF MY BUSINESS! I am not supposed to (re)evaluate that.

Here, the only question was whether financing a house makes sense given the current circumstances. And it was already hinted at in the title that there is uncertainty about it.
The message was clear: no, better not. Along with a few tips and pointers on what to consider. Whether the original poster now wants to share these thoughts with us or not is again only his decision, to be respected. Period!

And, btw, there are definitely people who turn around 180°, who go from luxury money spender to penny pincher because now they have a goal, a home of their own. And they just didn’t have that in their early twenties. That’s fine too. Then you just have to wait for the time when you can start this project, weigh up what comes with it, etc. Just because someone has lived well so far doesn’t mean they lack this quality, right?

On the contrary: I know someone, a friend of mine, who is just that kind of person whose money slips through his fingers. But if he plans it accordingly, for example for a renovation/addition (they have a pretty old house), then he uses it purposefully. He knows that and so he basically pre-plans large parts of his (good!) income so he can’t even spend it otherwise. He couldn’t save equity but paying large monthly installments works.

The world is so diverse and colorful, no one can always judge every situation correctly. That’s why I often find it very intrusive when someone here just has to relentlessly impose their personal life plan and viewpoint on everyone else. That doesn’t always fit everyone, even if it is the right way for them personally.

Personally, for example, I would never buy a new car because I find the depreciation in the first two years indefensible. But I also don’t need the satisfaction of driving a fancy car. So my decision in that case always looks different. Different perspective, different evaluation, different way of acting.
You can discuss it, but whether there is a definitive “right” or “wrong”? I don’t believe so. So please let everyone make their own decisions.

Well written, I stick to it. Most people don't change. And when the first crisis comes because they've taken on too much and there's no more money for a vacation or a new phone. I can't even visit Giovanni for a week anymore, it usually causes a crisis in the relationship. I'm currently experiencing this with 2 female colleagues. One has drawn the line and is selling the house and moving back to renting. They took on too much, had children. Everything has become expensive. I wish no one any bad.

Since last year or the year before, the bank has an obligation to thoroughly check the cost of living, etc. I am not a banker and admit to having little knowledge about it. But I was once obliged here to read every post, and therefore I have the knowledge about it.

I know that. Banks do that too. But apparently, the ratio of expenses to income is still assessed as "good" by most people, so full financing is usually not a problem. For example, we really had 5 banks that wanted to finance us.

Off topic: I can’t remember having chatted with anyone about my financing I guess I would have been a bit ashamed of full financing as well. I find that somewhat odd, although I myself am an open type of person... hmm

Maybe it’s a generational thing. For us, it’s normal to talk about it. And no one is ashamed of their full financing (not us either, we always hear that we are by far not alone ).
And even if HilfeHilfe doesn’t want to believe me, our clients are actually often very uninformed about that. Or, for example, if a house is sold for €180,000 but €220,000 is registered in the land register, that is also quite evident.

I sold mine for 165,000. There are still plenty of those, prices don’t rise because the houses just get older. And there are still plenty of such houses... as someone wanting to build or those who reject terraced houses or don’t even look at houses built before 1980 and just filter them out, one has no overview

Where do you live, if I may ask? Here in NRW, even "old" houses are rarely available for under €200,000. And those that come on the market (unless they’ve already been sold off the record) are usually sold within 2 weeks, even those with enormous renovation backlogs.