How to afford building a house and buying land today?

Then there are several examples of when you need this quickly: (please no debate about why or what for. These are just examples) - Daughter wants to go on a student exchange to the USA - You want to buy a MacBook Pro - You want a fireplace after all - You want to buy a trailer to take garden waste etc. to the recycling center sometimes. - Tax back payment - Washing machine and dryer both broken at the same time - On vacation, you want to spontaneously get a diving license with the family

So I can still accept tax back payments, but everything else rather falls into the category of "I need everything immediately." If I can’t afford these things right now, I just save up for them and if there’s too much missing for the USA exchange, I just have to tell my daughter that it’s not financially feasible and she learns that not everything is always possible. As a child, I often heard that this or that was too expensive (also because of my parents’ mortgage). That led me to be patient and in many things probably more modest than others and to look for pragmatic solutions instead of just seeing that I can't have the perfect solution. I don't see that as a disadvantage. Yes, a new washing machine I also accept, but you can get one for well under €1000 and a dryer is a luxury. It’s not actually necessary.

I see it the same way as my predecessors, there are things that are a must, there are things you would like to have. [Tauchschein, Schüleraustausch und Kamin] clearly belong to the latter category, a major car repair, a broken heating system, or a burst water pipe must be paid for.
A household appliance costing less than €1000 should really not be the point at which it ever fails.
You can take a vacation at the Baltic Sea or in the Bahamas. Of course, if you plan so that for years only staycations are possible, you have probably really overextended yourself.
Silly example, I have a horse. It has two saddles (for different disciplines), one no longer fits. At the moment, there isn’t a new one, and that’s that. It’s not possible. So I will use the other one and that’s fine. If the animal gets sick now, which can also be arbitrarily expensive, then that rather falls into the "must" category, after all, it is a living being.

All good, you can phrase things as cheeky as you want. I'll just briefly respond to half of it due to lack of time. It was about comparing two equivalent forms of living. You can also rent a house and then you have to compare that with buying a house. Same size. What doesn't work is comparing a 2-room apartment with a house. Such a comparison is nonsense times ten. Regarding your mentioned example expenses: Yes, they are all expensive, but except for the repairs, you mention expensive impulse purchases (trader's certificates) and luxury expenses (Apple hardware), for which you don't need to save reserves. I know people who have a separate tech budget for such things. What mattered to me was what is actually really urgently necessary for which one needs high reserves, for example defective household appliances or especially eventually the heating system.

Great! I understand what you mean. But it wasn't so much about comparing the individual forms to each other. Just speaking freely. I could also phrase it differently: If money is available, who would rather live in a rented house than in the same house owned by themselves? Sure, if you’re a multimillionaire, this question isn’t so easy to answer. But normally, users here prefer ownership. That was my point. And regarding impulse purchases etc. Well, for me personally that’s part of life. So, the possibility to occasionally make such impulse purchases/decisions without then eating only rice and beans for 8 months. But again here... Everyone as they need/like.

well, your examples are a bit far-fetched. If the money isn’t enough, then there’s simply no MacBook Pro, but a cheaper PC, no diving license, and so on. These are really luxury problems, and I don’t think they depend on whether you rent or buy, but rather on whether you earn well or not.

Hi Niloa,

Well, that’s exactly what I mean... If, of course, I can/want to/do without any luxury in life, then of course you can buy a house at a financial balancing point (1 EUR over per month but everything paid).

That wouldn’t be my lifestyle. And I am definitely out of the wild years. I don’t need long-haul trips 3 times a year, fancy cars, expensive clothes, etc... I had it, it was nice, fun. But I don’t need it anymore.
However, I would not want to give up the possibility to spontaneously buy a MacBook, get a diving license, or whatever else.

Sure, you have to earn well! But “well” is always relative to, in our case, the repayment rate for the house.

If you buy cheaper/smaller/more modestly or save longer until you have decent equity, then the monthly rate goes down. And then with 4,500 EUR you can also pay a monthly rate of 800 EUR and still live your “luxury.”

What I actually want to get at in the end is that one shouldn’t stop “living” JUST to have a house.

I recommend a house to everyone! I wish everyone could have one!
But if it doesn’t work, it doesn’t work!
Trying to sweet-talk 500k and a monthly burden of 1,650+ so that it works is often not the right path in the long run.

And when it comes to impulse purchases etc. Well, that is personally part of life for me. So, the possibility to sometimes make such impulse purchases/impulse decisions without then having to eat only rice and beans for 8 months. But again here... Everyone as they need/like it.

But which normal-thinking and reasonable person plans a financing so tightly that every cent has to be turned over?? Banks don’t even allow that anymore. In the same way, one can rent a too expensive apartment and eat only toast with salami and ketchup in it. If you decide to build/buy a house, you decide against renting. You can pay too much rent or have too high a financing installment. It is always individual viewpoints that do not even allow a comparison of whether renting or owning is better. If you approach everything sensibly, as you should always do, then you can save enough in both cases to live very reasonably and also allow such spontaneous expenses.

because it fits so well right now, we pay ~140 euros in garbage fees per year, what do you pay?