Is house planning realistic at all?

In the end, you have to decide. It may or may not be that you get rejected.

Yes, we will go to our house bank next year and then see what they have to say. For now, happy holidays to everyone!

Wrong. Paying rent allows you to use living space stress-free and flexibly. Only criminals from banks and property sellers tell you that you’re “throwing away” rent every month. We gladly pay rent... I appreciate that!

I don’t understand. Please calculate it for our example to show me what you mean. We recently had a cold rent of 650 euros for 70 sqm (without garden, without parking space). Annual rent: 7800 euros. This money is completely gone and in the trash!

Now we pay a mortgage installment for the house of 665 euros. For that, we have 200 sqm, 700 sqm of land, and 2 garages. Annual amount 7980 euros. Of that, repayment is about 370 euros monthly. So 4440 euros that we build as equity annually. This grows over the years since the interest portion continuously decreases.

So with renting we have an “investment” of 7800 for a lousy living experience with cheap furnishings without chance to make changes, poor insulation, living in cramped space, and annoying neighbors. You pay that if you don’t buy until the end of your life. Plus occasional rent increases.
With ownership, I have endless space, my car doesn’t stand on the street, a garden, neighbors at a distance, I can do whatever I want in house and garden, and I pay only half (initially!) for pure living compared to the tiny, ugly rental apartment. The rest goes into my own equity. The interest portion, i.e. what’s lost, keeps shrinking and at 60 I pay nothing at all.

Additional costs are equally high. The location of the house is good, so no devaluation is to be expected, rather the opposite.
So where is the advantage of the rental apartment now – I can’t find it.

The usual argument that tenants can invest the capital profitably, I also don’t understand. The capital is not available since it’s completely used up for rent. Or am I thinking wrong?

So we have an "investment" of 7800 in rent for a lousy living experience with cheap fittings without any chance of change, poor insulation, living in very cramped conditions, and annoying neighbors. You pay this if you don’t buy, until the end of your life. Plus occasional rent increases.

The lousy and overpriced apartment was your problem, the apartment was not to blame that you lived there Now you have a house that ages, must be maintained with your money, and in the end you move out at a depreciated value into a senior apartment The tenant calls the landlord and says "Dude, I need a new heating system - the old one is broken!" and the landlord has to jump. Then the tenant gets a new well-paid job far away and just says "Bye" to the landlord almost cost-free. A bit exaggerated, but from this perspective the house has massive disadvantages. A big problem is that although it is said that the tenant could invest his normally existing monetary rental advantages (which unfortunately doesn’t work at the moment due to the unhealthy interest rate level) and then be better off in old age – this money is often spent on consumption. As an owner, it is forced savings.

Nordanney, the apartment was "reasonable" in price. Sure, you can now move into a large, beautiful luxury pad with upscale furnishings. But then the rent isn’t 650 cold rent but 1200 cold rent. And then even more money is down the drain, as they say. So with a nice apartment, the calculation looks even worse.
I don’t believe in depreciation of our house now. At the moment, real estate prices here are exploding. A senior apartment is not going to happen - never again an apartment. A senior bungalow, I could still imagine that.
I don’t see any rental advantages at all. Even if interest rates rise again, you can’t compare the 70 sqm apartment with the 200 sqm house. I currently pay half the housing costs for a living space that is 3 times as large. Plus garden and garage. Renting something like that, we definitely couldn’t afford. As property, it fits easily.

And on the subject of tenants living carefree
In my previous 18 years of experience as the main tenant of various rental apartments, I can say that there was no talk of carefreeness when it came to repairs. As a tenant, you have to pay for repairs up to a certain amount yourself. If it goes beyond that, the landlord is supposed to be responsible. That’s the theory. In practice, however, the landlord wants to make capital from the apartment and not put anything in. So if the heating, toilet flush, or something else is broken, you either wait forever, or the landlord comes and meddles himself, which he has the right to do. Or a professional really comes, then you only have lost a day of vacation invested.
We once had a break-in; the lock was broken out and totally bent. The landlord comes and hammers it straight again on the kitchen table, everything’s fine! Can be reinstalled! That the door then spontaneously opens by itself is obviously the tenant’s problem.
Windows leaking? The landlord comes and screws a Plexiglass sheet from the hardware store in front, as good as double glazing.
Toilet flush won’t stop running? No problem, the landlord comes a total of 3 times in 4 weeks, fiddles around each time, but the thing still drips and the tenant pays the water bill.
A landlord started in November unannounced! to tear out the windows. New ones were supposed to be installed. From 7 a.m. (man just got off the night shift and wanted to sleep) 120 dB when chiseling off the window sills.
Broken doorbell, landlord delays for weeks, misses one appointment after another. Then suddenly he thinks, the doorbell could now be repaired. Shows up unannounced and no one answers? Doesn’t matter, out with the spare key and opens. I just happened to come out of the shower naked and suddenly stood in front of landlord and craftsman who themselves suddenly stood in the hallway.

All very funny in retrospect. But only because it’s finally over.

Quote: Rate for the house of 665 euros. For that we have 200 sqm, 700 sqm land and 2 garages Then you must have had a lot of equity. Where on earth do you build a 200 sqm house + land + garage for 665 EUR? Otherwise, I have no great desire to now dismantle your incorrect calculation. Most builders here are lying to themselves anyway and make their property look better. The fact is: In most cases, property ownership is not a profitable business but exclusively increases the quality of life!