How to afford building a house and buying land today?

So I can still accept a tax back payment, but everything else tends to fall into the category of "everything has to happen all at once." If I can't afford things right now, I just save up for them, and if too much money is missing for the USA exchange, I'll have to tell my daughter that it's financially not 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 probably more modest than others in many things 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, I also accept a new washing machine, but you can get one for well under €1000, and a dryer is a luxury. It’s not really necessary.

Morning Yonan,

that's perfectly fine. Your way of thinking is reasonable.

But where does your reason start and where does it end?
Because you write that if it doesn't work, it just doesn't work.
Exactly. That's how it is. I like that.

If buying a house doesn't work, then it simply doesn't work. Period.

Then the question is, when does it not work?
Well, everyone defines that for themselves.

For ME, it wouldn’t be acceptable to have just €1 left at the end of the month. Because then there’s no patient saving for a diving certificate... which is usually obsolete by the age of 90.

And hey, a house is also a luxury... you don’t actually need one ;-)

I see it like my predecessors, there are things that are a must, there are things you would like to have. Diving license, student exchange, and fireplace are clearly in the latter category; a major car repair, a defective heating system, or a burst water pipe have to be paid for. A household appliance with a purchase price under €1000 should actually not be the point at which it ever fails. You can take a vacation at the Baltic Sea or the Bahamas. Of course, anyone who plans to only do staycations for years has probably really overextended themselves. Bad example, I have a horse. It has two saddles (for different disciplines), one no longer fits now. At the moment there is no new one and that’s that. It’s not affordable. So I will use the other one and that’s fine. If the animal gets sick now, which can also be arbitrarily expensive, then this rather falls into the "must" category, after all, it is a living being.

Understood. You rightly assume somewhere that there is "enough" money. So, maybe not immediately, but it will come in at some point. If the financial situation looks like you describe, meaning that one can save up for it, etc., then that is a legitimate matter. I don’t argue about that either. Everyone has to define their limit and deal with it. But if a financing is calculated no matter what and in the end there is no saving possible, then in my opinion it is the absolute wrong decision to choose ProHaus. Even if it "actually" fits.

But what normal-thinking and reasonable person even calculates a financing in such a way that every cent has to be turned over??

Morning TR188,

Well... that's what I say. But obviously there are some!
However, I believe that those people do not (want to) see or admit that at the moment.

They then tell themselves:

I can pay the rate for the house and the car, food is priced in and fits. It's working. House here.

Sometimes you are simply blind to reason because of the sheer "wanting to have" and make unlucky decisions.

Greed, ego, stupidity, ignorance, naivety, etc... All ingredients needed for such decisions. And many people have these lying around at home.

She is slowly annoying me

And hey, a house is also a luxury... You don’t really need it ,-)

Right, but living is not a luxury. My parents, for example, had hardly any choice. They rented a house (a mid-terrace house in a row of three). The terraced houses belonged to the regional energy supplier where my father worked. The workplace was opposite, and the three employees in the terraced houses were the ones on call duty. When the branch was relocated to another town (about 30 minutes away) including the employees, the houses were sold. My parents had to support 5 children plus themselves solely on my father’s salary, and there simply were no apartments or houses for rent that would have been feasible including travel costs, etc., and there was not much time left. Therefore, they decided to buy and make the payments as high as possible so that the house would be paid off before several children attended university or the like simultaneously, before money wouldn’t be enough. Holidays, for example, only happened when my father received additional pay due to company celebrations or otherwise got extra money.

I understand... different times indeed.

Who still wants to spend their life this way today?