How is a 400k loan financible without equity? Net equity at €4,500

What is definitely not standard is living in your own house. That is increasingly becoming a luxury because hardly anyone can afford it anymore due to rising prices. I personally, as I have written elsewhere, would never give up financial independence. If a weekend trip costing 300-400€ for the family were only possible once a year, I would think three times about building a house. That is true luxury for me. Hey, let's go away for the weekend. Stuff in the car and off we go.

What is definitely not standard is living in your own house. That is becoming more and more of a luxury because hardly anyone can afford it anymore due to rising prices. Personally, as I have written elsewhere, I would never forgo financial independence. If a weekend trip costing 300-400€ for the family was only possible once a year, I would think three times about building a house. For me, that is true luxury. Hey, let’s take a trip this weekend. Stuff in the car and off we go.

I feel the same way. Because in my opinion, the worst thing is to live in a house but have to tell your child that this year you can't even go to the Baltic Sea or the zoo because there isn’t enough money.

What is definitely not standard is living in your own house. That is becoming more and more of a luxury because hardly anyone can afford it anymore due to rising prices. I personally, as I have already written elsewhere, would never give up financial independence. If a weekend trip costing 300-400€ for the family was only possible once a year, I would think three times about building a house. For me, that is true luxury. Hey, let's go away for the weekend. Put things in the car and off we go.

I see it the same way. Because what is worst (in my opinion) is living in a house but telling your child that you can't even go to the Baltic Sea or the zoo this year because the money isn't enough.

I see exactly the same, but that’s not what we’re talking about here.

Things like: one big vacation a year to the Baltic Sea is enough instead of flying to Bali, no car costing 30k, not going to a restaurant every week, and so on...

But yes, if such cutbacks as described above would have to be made, then of course everyone should think very carefully about how long they invest in what. But then we really are talking about tight-to-the-limit financings that are actually not manageable at all.

I see it exactly the same way, but that’s not what we’re talking about

Things like: one big vacation a year to the Baltic Sea is enough, instead of flying to Bali, no car for 30k, not going to a restaurant every week, and so on and so forth...

But yes, if such sacrifices as described above would have to be made, then everyone should of course think very carefully about how long they invest in what. But then we are really talking about tight-to-the-limit financings that are actually not manageable.

That’s why a very precise calculation is not only the A-O but A-Z And not sugarcoating anything. Better to calculate too many expenses. It’s like at work. It’s always better to correct the positive result upwards rather than downwards.

I see it the same way. Because it is the worst thing (in my opinion) to live in a house but tell the child that this year you can't even go to the Baltic Sea or the zoo because there isn't enough money.

Worse things exist... sure, if you can't go away with the family for even a week over the next 5 years because of the house construction, then something went wrong with the financial planning, but if you stay at home for a year, so what. Then the kids have to make do with holiday camps and the parents can relax in the beach chair on the new terrace. After all, why would you invest all that money in your private little paradise if, when you finally have time, you end up sitting on some grimy hotel balcony or at the hopelessly overcrowded beach anyway?

Something worse is something else... of course, if because of building a house you can't even go away for a week with the family for the next 5 years, then something went wrong with the financial planning, but if you stay at home for a year, so what. Then the holiday games have to do for the kids and the parents can relax in the beach chair on the new terrace. After all, why put all the money into your private little gem if when you finally have time, you end up sitting on some dingy hotel balcony or at a hopelessly overcrowded beach again?

Yes, that's how I see it too. Although I even think that you can estimate and "endure" the 5 years if you have your own home and consciously want it that way. For me, it only becomes unrealistic when the planning has to run over 25 years. No one can definitely oversee and assess this period anymore and it then feels like a whole lifetime and not a foreseeable period.