How does everyone afford a house?

Probably many young couples go for a 90% or even full financing. If you invest at least 12.5 percent equity capital here in Schleswig Holstein, then you can get a loan from the KFZ or the Investitionsbank Schleswig Holstein. As far as I know, up to 50,000 euros. This is then considered a subordinated loan. That means the primary financing bank has another bank that initially waives its rights in case of an emergency. For the private bank, the loan from the KfW or ISH counts as much as equity capital. In your area in BW, this will certainly be different. I would start the interest calculator and see what you can afford.

Repayment rate at 1.5 percent (possibly 1 percent) and an interest rate fixation of 15 or 20 or 25 years and enter the interest rate accordingly beforehand. You will see that together you can definitely afford a great home.

We in the North see the whole thing from a completely different perspective. We think anyway that everyone in Bavaria and Baden-Württemberg has a lot of money.

Recently in the fitness studio: Someone was telling how his uncle proudly said he bought a terraced house in Stuttgart for €450,000. For us, that was complete madness because here with us you can get a very, very spacious single-family house in a good or very good location for that.

I believe in Stuttgart, Munich, and Berlin all this is currently being pushed to the extreme.

You do

Probably many young couples go the way of 90% or even full financing. If you use at least 12.5 percent equity capital here in Schleswig Holstein, then you can get a loan from the KfW or the Investitionsbank Schleswig Holstein. As far as I know up to 50,000 euros. This is then considered a subordinated loan. That means the primary financing bank has another bank that initially waives its rights in case of default. For the private bank, the loan from the KfW or ISH counts as equity capital. It will surely be different for you in BW.

Repayment rate at 1.5 percent (possibly 1 percent) and an interest rate fixation of 15, 20 or 25 years and accordingly enter the interest rate beforehand. You will see that together you can certainly afford a great home.

We in the North see the whole thing from a completely different perspective. We think anyway that everyone in Bavaria and Baden-Württemberg has a lot of money.

Recently at the gym: Someone told how his uncle proudly said he bought a terraced house in Stuttgart for 450,000 euros. For us this was complete madness, because here you can get a very, very spacious single-family house in a good or very good location for that.

I believe in Stuttgart, Munich and Berlin all of this is being driven to extremes right now.

You seem to misunderstand that. We in the South don’t think it’s great that despite good salaries we can at most afford a terraced house. The one you mentioned is 100% definitely not in a very good location. 450,000 is a bargain here. As already mentioned, we can only dream of your prices. And regarding salaries: I am a (state) official and would earn more or less the same in SH.

We also live in Ba-Wü but have a lot of relatives in NRW and have already received quite a few incredulous looks when asked about our house construction and its costs. The price difference is sometimes really extreme and personally, I would have preferred to pay prices like my relatives in NRW, but for that I simply wouldn’t have been able to build here in Ba-Wü.

I would recommend the following: fire up interest calculators like Baufi24.de and see what you can afford.

In my opinion, you would be better off freeing yourself from financing calculators because they are inaccurate! Every construction project has highly unique key data that may or may not be included in the financing. Such a calculator simply runs its programming; whether a builder ultimately receives the quoted conditions or gets misled by the appealing numbers is a completely different matter.

We in the North see the whole thing from a completely different perspective. We think anyway that everyone in Bavaria and Baden-Württemberg has a lot of money. [...] I believe in Stuttgart, Munich, and Berlin all this is being taken to the extreme right now.

The north-south divide has always existed; I also don’t think a Baden-Württembergian or Bavarian likes paying more for comparable performance than someone from the North. But they have to accept it. Relatively speaking, it balances out again under the line with income plus corresponding costs; that’s how the economy works. And just by the way – there are also areas in Schleswig-Holstein – prices also increased well in 2014 – where building a house and thus living is quite expensive. Therefore, for comparison purposes, you first have to exclude the hotspots of the sought-after locations from consideration. And so it remains: in the North and East it is (still) cheaper; from the middle of the country it becomes noticeably more expensive. Rhineland greetings

I only say building area in the coastal protection strip with water view 120 € per sqm fully developed (plot. rectangular between 520 and 1000 sqm), medium center, tourist hotspot, that has become a hotspot.
With currently 16,000 euros invested, we are at 1300 euros per sqm. The actual sampling is yet to be done.

However, it has already become significantly more expensive than we originally thought, good that we have room to maneuver.