Is a new building realistic?

Never spend more than 30% of net income on housing (here mortgage payment + additional housing costs such as water, heating, electricity, telephone, and taxes),

An average earner can therefore not live in any German metropolitan area. In London, not at all.

That's exactly how it is. If everyone were to follow all well-meaning advice (only 30% of net income, everything must be affordable with one salary), then we would probably have 50% more renters than homeowners in Germany and the homeowners we have would live in very cheap houses aka dilapidated shacks so that the installment isn't too high.

@ypg

We are thankful for the advice. But is it really the case that after all expenses only 100-200 EUR remain and thus we really live on the edge? I don't think so. Sure, we don't have 2000 EUR or more left per month either, but there is a buffer so that expenses for food and other things can also increase.

For example, I don't see here a single time (You calculated the costs tightly, but you still have XXX euros left per month that can cushion possible changes). It's almost as if the 700 EUR + shift allowances are simply ignored or to put it another way, if sometimes 1000 EUR after ALL expenses at the end of the month are not enough, then who can still afford property nowadays? Probably only the top 10,000.

Good evening,

In Bornheim Kardorf. 320sqm plot, 125sqm living space total price including garage for 310,000 EUR + incidental construction costs. It is a semi-detached house. Painting work and floor coverings are not included.

That fits if I assume an average land value in this region of €190.00/sqm (Boris also shows me €450/sqm); if it is higher, the calculation does not fit.

Plot: TEUR 60
Semi-detached house 125 sqm; Energy Saving Ordinance 2016: TEUR 194
Garage 3.00 x 9.00 m: TEUR 13
Painting work + floor coverings in EL: TEUR 20
Incidental construction costs: TEUR 40
Reserve extras: TEUR 10
Outdoor facilities in EL: TEUR 10 (only the essentials)

Estimated all in: TEUR 347

Rhenish greetings

For example, I don’t read even once (You have budgeted the costs tightly, but you still have XXX euros per month left that could cushion possible changes). It’s almost as if the 700 EUR + shift allowances are simply ignored or put differently, if sometimes 1000 EUR after ALL expenses at the end of the month are not enough, well who nowadays can still afford property. Probably only the top 10,000

I and others have conveyed to you that the house is very likely affordable for you. But not with your calculation. We advise you to calculate with honest numbers, then you can assess on your own or also here. But we cannot do that for you because we don’t know your numbers. We don’t even know your child’s age, much is combined by us... We are also not playing God, nor do we have numbers made up. And you must get a feeling for your numbers yourself. No sugarcoating! The shift allowance is your buffer! Vacation or whatever. Shift allowance can easily disappear – I know that from my own experience. And if it is a family job that you can take in 10 years....

An average earner therefore cannot live in any German metropolitan area. Certainly not in London.

then we would probably have 50% more renters than homeowners in Germany and the homeowners we have would live in a very cheap house aka dilapidated shack so that the installment isn't too high.

You two are ignoring:

[*]there are more high earners than generally believed
[*]construction costs/land have increased significantly more than wages in recent years... as soon as interest rates rise, some builders will be brought back to reality -> keyword: insolvency bargains
[*]the majority of builders do not build in metropolitan areas anyway, but simply in the countryside

You two are ignoring:

[*]there are more high earners than generally believed
[*]construction costs/land have risen much faster than wages in recent years... as soon as interest rates rise, some builders will be brought back to reality -> keyword: insolvency bargains
[*]the majority of builders do not build in metropolitan areas anyway, but simply in the village

An average earner therefore cannot live in any German metropolitan area. Certainly not in London either.

Hello,
the average earner can very well live in the metropolitan area: in the 2nd or 3rd generation in the inherited property.
However, if the average earner now wants to move to the metropolitan area and buy or build, then it really means: debt without end and, in the worst case, in a few years becoming an insolvency bargain.

We ourselves moved to Mainz almost 10 years ago and are now moving away again because prices have exploded. Ok, I have a longer commute, but a comfortable car, which will drive more or less autonomously in the near future anyway, is cheaper than the premium in the center......

Many greetings!
Marvinius2016