Is house planning realistic at all?

Why isn't renting worth it? Renting is not worth it; the only advantage is being flexible. In 10 years, I made a 35% profit and everything that wasn't interest now belongs to me.

Exactly that is our thinking. Every month in a rental apartment is, in our eyes, money thrown away.

Interest rate is 2.8% + repayment 4% = €340.
Service charges = €195 (tenant pays €150)

Incurring costs: €535

Rent: €575.

That results in 12.8 years. At first glance not bad. Does not take into account rental losses and investments. So probably more like 16 years. Still okay.

BUT: if you put €500 monthly into a savings account (0.8%), you end up with €95,000. Risk: 0

If you put €500 monthly into the stock market (2%, really conservative over the term) it's €105,000. Risk: average

Savings account and stock market: highly flexible...Condominium: pay yourself

Conclusion: At that age, without equity, with the idea of "building yourself," you were very poorly advised!

Before someone says: But the apartment will certainly be worth much more in 15 years....sure. But then we also calculate with 2% savings account and 5% stock market. Over the last 40 years, you only had to hold stocks for longer than 7 years and would always have had a return of >4%.

That's exactly our way of thinking. Every month in a rental apartment is, in our eyes, money thrown away.

Wrong. Paying rent allows you stress-free and flexible use of living space. Only criminals at banks and property sellers tell you to "throw away" rent every month. We gladly pay rent... I appreciate that!

that results in 12.8 years. At first glance not bad. not taking into account rental losses and investments. So probably more like 16 years. Still okay.

BUT: if you put 500 EUR monthly into a savings account (0.8%), you end up with 95,000 EUR. Risk: 0

if you put 500 EUR monthly into the stock market (2%, really conservative over the period) it’s 105,000 EUR. Risk: average

savings account and stock market: highly flexible...condominium: judge yourself

Conclusion: At that age, without equity, with the idea of "building yourself" you were very poorly advised!

Before anyone says: But the apartment will definitely be worth so much more in 15 years....sure. But then we also calculate with 2% savings account and 5% stock market. In the last 40 years you only had to hold stocks for more than 7 years and would always have a return of >4%

And where is the inflation?

And where is the inflation?

it is currently not present

Okay, the income situation could be better, but that you all view age negatively? I don’t understand! My wife is 23, I am 26, we have a condominium and are building next year. Our income situation is somewhat better, but our amounts are correspondingly higher... Why shouldn’t you deal with property at these young ages? Is it better to wait 10, 20 years and "save"? Then I am convinced that in that time the property prices have risen by at least the amount saved! The one who bought a property 5 years ago is now laughing at the one who saved diligently for 5 years and now wants to buy property because prices have exploded. And it is quite possible that we currently have inflated property prices thanks to historically low interest rates, however I believe that as soon as interest rates rise again, property prices will not fall but remain at the same level. So waiting long, saving, and hoping for falling prices will not bring much.