Is a single-family house in the Stuttgart metropolitan area still affordable?

Why "pull in"? We received a good portion of our loan from our parents. We pay 0.01 percent interest, basically nothing. Since the money was previously sitting in an Ing-Diba extra account, it is even better for the other side than before. Can't see the problem with that.

Why "pull in"? We got a good part of our loan from our parents. We pay 0.01 percent interest, so nothing. Since the money was previously sitting in an Ing-Diba extra account, it's actually even better for the other side than before I can't see the problem with that.

And where did it say anything about borrowing? You wrote that they should get money from their parents. I assume it's not about borrowing.

For most people in my friend circle who have already built, the parents either still had a plot of land or contributed >100,000 €. Unfortunately, that was not the case for us. We are financing the small house over 25 years, almost until retirement. And I earn above average as an engineer (IGM collective agreement). During the consultation at the house bank, we also talked about this. The advisor also said that financing has become very tight for many.

And where was there anything about borrowing? You wrote that they should get money from their parents. I assume that it is not about borrowing.

Well, because in the end it probably comes down to the same thing. I do not assume that my parents or my husband's parents will ever want that money back....

And I know this situation from several friends who have built in some kind of similar way.

can you define the Stuttgart metropolitan area more precisely? Just as a comparison: My wife and I are 29. Before we had children, our income was slightly higher than your current one. Now we are having a second child, which means that my wife has had only €1,800 instead of €3.x00 income for more than a year. A rate of your targeted €3,000 would be unthinkable for us. Of course, it works with two full salaries, but people often build a house when they want children. Then it gets pretty tight, or in my opinion impossible for you.

Even though my perspective on things is distorted due to my work at a tax office whose district is among the top 5 in Germany, it must be noted that there are a lot of jobs in the income range between 100k and 300k. Furthermore, there are also several thousand people in Germany who live solely off their capital assets or severance payments. There is a lot of money in circulation that needs to be dealt with. I am responsible for about 3,000 taxpayers/families. Meanwhile, about 50% of them have a permanent taxable income of over 100k. I think the limit has not yet been reached in many areas of Germany.

I think a look at median incomes and other districts is helpful here. And these price explosions are not only present in the top 10 districts but also in areas where incomes are very different. We just had the example of Leipzig – with work, a Swiss returnee can afford nothing there.

And also the observation that there are very different categories – with €100,000 taxable income you still don’t buy in the €19,000/m² region. And the examples we have here with €6,000 - €7,000 as DINKs (double income no kids) cannot keep up everywhere without substantial equity. At €7,000 & 35-40 years old at purchase/construction [age of borrowers & loan amounts continue to rise], there are 30-25 years left until retirement. Without an inheritance, there are natural limits, even if 40% of income goes toward housing – over 30+ years that is a not insignificant risk.