Is owning a home feasible for us or too much of a risk?

The topic of tax classes I have outsourced

4k income per month and no savings of equity and maybe once 10k

never ever start

It always depends on why you have no equity. If in the past you have spent expensive vacations costing over 5 k€ and are aware that this is no longer possible, then you can also start building a house...

Many are also under 30 here and did not have the now presented incomes handed to them at birth, i.e. they first had to reach the current level. After 3 years on the job, one usually does not have six-figure equity unless one has inherited, and it is also understandable that some of the nice income is spent - but that is not conducive to the big goal of building a house. In this respect, my criticism is more that this generation (I include myself) wants everything immediately, which previous generations had to work for a long time.

Hello everyone,

First of all, thank you very much for the many tips, suggestions, and ideas.

We basically wanted to inform ourselves early on about what is possible for us. Whether our expectations are too far from reality.

Of course, we could have saved more, but we treated ourselves to many vacations and other things. We are aware that with a house, something like that is initially off the table, or rather, a week at the Baltic Sea is possible instead of 2-3 weeks in the USA or the Maldives. That’s why we are taking these vacations now and are happy to postpone the house by 1-2 years.

We will not postpone the desire to have children for a house, my wife doesn’t want that and neither do I. Currently, we also have space for a small child in the apartment, but for a second child or when the child gets bigger, the third room in our rental apartment is no longer sufficient.

It doesn’t have to be a single-family house; it can also be an end terrace house or a semi-detached house.
We both have Wohnriester contracts, for me €100,000 would be available (current account balance: €10,000) and for my wife €50,000 (current account balance: €1,000).

The €3,000 is also more of a lower limit. I USUALLY earn more like €2,100 - €2,200 and my wife as well. So the parental allowance would of course also be somewhat more than €1,000.

We know that we could not move into a house next year, but we hoped that it could be possible in 3-4 years.

The exchange with the parents’ house is basically a good idea. The catch is that my grandpa lives in the house and he has a right of residence. And the two apartments cannot be separated, so there is no separate entrance.
My parents want to sell the house if (God forbid) my grandpa has to go into a nursing home or worse because it is too big for them. I would receive a large part of the money from the sale as an inheritance (only child) (My dad only wants to move into a rented apartment then).

As an alternative, I would also like to take over my parents’ house, but unfortunately that is not predictable because of my grandpa. That would of course be the best and cheapest option since I would have to invest a lot of money in the house but my parents wouldn't realistically want much in return.

I would now bet on a gap and speculate on Grandpa's progress. Whether it will be three or five years then wouldn't matter. Save up, when the house comes, you need every cent. Karsten