Is house construction financing possible at all?

even if it should only be worth half anymore. That in itself is also something valuable.

It is also only an unrealized loss - therefore, at the time of living there, not a loss at all. So actually very valuable.

If you invest your money properly, you end up with more wealth in the long run despite paying rent than with buying a house. Most people just don't realize this because the initial equity investment and repair costs over decades are hard to quantify.

Owning a home is not a good investment; it's a passion project.

Over the past years, this has been very easy on the stock market, among other things. However, I think it's too simplistic to say that a house is not a good investment. As always, it's probably the mix and the individual situation that matter.

Over the past years, it has been very easy, among other things, in the stock market. However, I now think that saying a house is not a good investment in general is too simple. As always, it is probably the mix and also the individual situation that matters.

As a homeowner, you are forced to save through repayment. And continuous saving over a longer period ultimately leads to a "certain" wealth. Obviously, ETF investors could achieve higher returns in recent years, but very few maintain that over periods like the "homeowners" do. However, the "homeowners" can be badly affected by "compensations" or wartime events (a bomb falling on the house).

House prices have risen just as much, if not even more, than stocks. Thanks to falling interest rates. Every run-down property has increased in value; you couldn't go wrong. Tips like buying an entry-level property ("Zwischenhaus") and later building a bigger one worked as well. That won't work in the coming years.

The thing is, if I amortize over 30 years, I do have forced savings, but there is no interest on it. You are only subject to the general real estate market development. It can increase in value or fall. It's a gamble like stocks. If you don't invest, you just let a house deteriorate.

Tips like buying an entry-level property ("Zwischenhaus") and building a bigger one later worked like that. That won’t work anymore in the coming years.

This "Property Ladder" will also work in the coming years, for example like this: buy a small existing house with solid financing and in a few years swap it for a bigger, newer house from a failed financing deal." As long as no bombs fall, it will work.

That has never worked well in Germany. Every time you irreversibly lose 10% of the purchase price for incidental costs that have no - I repeat: absolutely no - value in return. Property Ladder works if you a) have hardly any transaction costs and b) prices keep rising.