How to afford building a house and buying land today?

Yvönnchen, how true. I have always considered these homeowners to be the worst snobs and the renting homeowners the worst criminals who should be expropriated. Oh, how beautiful the world would be if we were all equally poor and lived in cooperative panel buildings. Only for the sake of my insatiable wife did I build this stupid home, in which I am now forced, as an owner, to listen to Helene Fischer in a new development between garden gnomes and hydrangeas on these stones from Schwäbisch Hall.

Yvönnchen, how true. I have always considered these homeowners to be the worst bourgeois and the renting homeowners to be the worst criminals who should be expropriated. Oh, how beautiful the world would be if we were all equally poor and living in cooperative high-rise apartments. Only for the sake of my insatiable wife did I build this stupid owner-occupied house, in which I am now forced, as the owner, to listen to Helene Fischer in a new housing estate among garden gnomes and hydrangeas, on these Schwäbisch Hall stones.

The only owner who already had 4 houses is you are you still satisfied with life??

Yvönnchen, how true. I have always considered these homeowners the worst philistines and the renting homeowners the worst criminals who should be expropriated. Oh, how wonderful the world would be if we were all equally poor and living in cooperative housing prefab buildings. Only for the sake of my insatiable wife did I build this stupid own home, in which I am now forced as an owner in a new housing estate between garden gnomes and hydrangeas to listen to Helene Fischer, on these stones Schwäbisch Hall.

I also like being a philistine I can sweep my own dirt under my carpet as well as the dirt of others in front of my door... I can keep my skeletons in the basement... Oops, I don't even have a basement

I am not demeaning anyone here nor am I jealous of anyone.
The origin of my comments was the statement here that those who do not dare to take out a few hundred thousand for building property "are scared" or "timid."
And I am taking the side of the tenants here and saying that there is simply no cheap money from the bank because wages and material costs have risen considerably since the low interest rate, and it balances out again.
No one can suddenly accumulate great capital without paying for their own. But many here want to tell me otherwise.
Moreover, I have never mentioned the word "Knechtschaft." But what I mean comes close to that.

And also for the newer comments, I have only expressed criticism of excessive debt (>300,000).
If homeowners in general feel addressed, there must be a reason for that.
There is no need to ramble like that

I always find it interesting to see how often many people here (including myself) talk past each other...

It's a shame that we can't basically agree on certain "key data" to then move the discussion forward. Instead, people often go around in circles (I'm right at the forefront of that).

I mean, we're all agreed that buying something that costs, for example, 500,000EURO and is financed over 30 years always involves a risk, right?

We're also all agreed that in principle, or for most people here in the forum, living in a house, if you can afford it, is more enjoyable than living in a 2-room apartment under the roof?

All users here who, let's just say, earn over 8-10k don't need to participate in such debates/discussions here at all. That's where the money is. Good like that.

The question whether a house "makes sense" always only arises with salaries around 4k to 6k. Below that, you basically don't need to seriously start thinking about it. (Unless you live somewhere remote. But the commuter belt of metropolises is not.)

Then it depends... How old, marital status, children (planned), profession, location, expected inheritance, etc.? If everything fits, one can of course buy a house nowadays with an income of 5-6k. Life then won't be quite as spontaneous and free, and you have to come to terms mentally with paying off a big amount of money over, say, 20-30 years. Which is also okay. The everyday life in the house is nicer for that.

But if it doesn't fit, that is, you have little or no equity, career perspective is sober, 3 kids planned, living in Munich or Hamburg, combined salary 4k, then housebuilding simply won't happen. Period! That's that! End of story! You have to accept that!

And with the "borderline" cases, for example, combined salary 4-4.5k, one child and no further planning, living further out in the commuter belt, career going quite okay, equity of 60k present, well... For them, everything stands and falls with the desire and love for a house and what they are willing to sacrifice. (The question is also whether they even know what they are sacrificing?! Because often, whenever you really want something, you make everything else look good so that the main wish comes true.)

Because, rate 1650EUR, reserves 150, 1 car 500 all-in, additional costs 200, insurance 200, retirement provision 300, food 1000, hobby etc. 200...
Nothing must go wrong in this calculation. We all agree on that, right?

Many people are simply willing to take this risk. For ME it would be too extreme a limitation. Others, on the other hand, are happy about such numbers.

To maybe express it somewhat more generally:

If at the end of the month all running costs are paid and you have 50EUR left over, then you CAN buy the house. But no one here in the forum would probably recommend it, right?

Everything paid and then still at least 500EUR left over... In my opinion, that’s when you can realistically start thinking about a house. My opinion.

How much do you think should be left over from the salary at the end of the month? Sure, upwards is open... But at least?

don't confuse him with the OP

oops sorry!