Is house construction financing possible at all?

Because it is a statistical value. The 50% indicates that the average pension corresponds to 50% of the average employee salaries. Many factors play a role in this, such as not having paid in for 45 years.

This is not correct. The pension level relates the average salary to the pension with 45 points. You reach 45 points, for example, if you had the average salary at the respective time and paid in accordingly for 45 years. Alternatively, you can also earn more but pay in for a shorter period.

People, what are you talking about pensions here, it's pointless. :)

You just have to "work" until you can afford to stop.
If you have to stop before you can afford it, well, tough luck.... :eek:

You shouldn't rely on state pension payments in your planning anymore, unless you are just shortly (< 5 years) before retirement. Demographic problems, bleak economic outlook, unclear political developments in Germany, Europe, and the immediate neighborhood make any statement about the long-term pension amount a guessing game.

You have already received many perspectives. I can only add that we were once in the same situation (financially not quite as tight) and are now about to start construction. Due to the enormously increased cost of living and everything around it, we have now been forced to decide that my wife, instead of working on a part-time basis, has been working full-time again for a week to manage everything. This is unfortunate in that we do not have a daycare spot for our youngest. We had to make a huge effort to get everything under control in the end.

If I were able to do it again and had today's knowledge, I would have preferred to do as many have written here: wait, continue to save equity. In the worst case (at least for now), you simply do not belong to the group that can afford a single-family house – but that can change again with other financial means and market shifts. Some develop unexpected professional ambition with a clear goal in mind and significantly increase their salary.

Maybe a small consolation: very few – including me – actually own their houses; they belong to the bank until they are debt-free, you are just allowed to live in them :-D

they belong to the bank until they are debt-free, you are just allowed to live in them :-D

Hey, that sounds exactly like renting, except that after 10, 15, 30 years you don’t have anything from it.

Hey, that sounds exactly like renting, except that after 10, 15, 30 years you have nothing from it.

The longer you take to finance, the more it resembles renting, because you pay more interest. Unlike renting, however, you build equity through the repayment portion.

The statement is repeatedly made and is simply false. The house belongs to those who are listed in the land register. The bank is only in first rank if debts cannot be paid. As security. Unlike the property of others, you can (almost) do whatever you want. Paint the facade green, let the property become overgrown, etc. So far from renting.