It doesn't work without equity - experience!

Honestly, I had hoped for more from this thread, since it might possibly affect me in the future. Because of all the off-topic whining and "hate" about who is building what kind of house, you almost lose the desire to read!

Bad sleep?

There are *people* here, people who sometimes digress, write with emotions ... are allowed to. If you prefer something ultra-conservative and literally accurate, you should go to a paid consultation.

I don't have to understand that now ....

Rhenish regards

Bad sleep?

There are *people* here, people who are allowed to drift off sometimes, write emotions ... If you prefer it strictly conservative and literal, you should go to a paid consultation.

I don’t have to understand that now ....

Rhenish greetings

Hey Bauexperte

definitely not slept badly, I just do expect a certain maturity or social behavior in such a forum and honestly not that here one person begrudges something to another and even makes it public. That’s what it’s about for me. There are people who earn well and there are people who earn even better. But to constantly draw these comparisons here – in my eyes simply not very wise.

I definitely didn’t want to lose my temper with my post and as mentioned above, I was able to take something positive for myself from the thread.

Regards

Edit: btw.. I agree with you – even I’m drifting off topic right now

Hey construction expert

I definitely didn’t sleep badly, I just expect a certain level of maturity or social behavior in such a forum and honestly not that one person begrudges another something and even makes it public That’s what it’s about for me There are people who earn well and there are people who earn even better. But constantly drawing these comparisons here – in my eyes, it’s just not very wise

I didn’t want to lose my temper with my post at all and as I said above, I was also able to take something positive for myself from the thread

Regards

Edit: btw.. I agree with you – even I am straying from the topic right now

What does maturity mean? When you discourage some questioners’ calculations by reflecting “Can you manage that too,” it’s clear that people get upset. No one wants to hear that what you’re planning carries real risk. It’s like with internet reviews. If things go well, there are none, but if something goes wrong, you get dozens of negative ones.

And again, everyone is responsible for themselves. I think most 100% financiers who calculate narrowly will sooner or later fall flat on their face precisely because they take the risk. Then it was always the others’ fault, especially the evil banks that only want the money anyway. But one must never forget, bank advisors are not life coaches.

what does maturity mean? When you spoil the calculation for some questioners by reflecting "Can you do that too," it's clear that people get upset. No one wants to hear that what you are planning carries real risk.

And that's what I mean – if you post an honest question here, you should be able to handle an honest (and not even meant to be mean) answer

Anyway – thanks first of all for your help

sorry, I have to disagree. That would mean that you have a right to a loan/credit and that the property as collateral is sufficient. People always talk about real (property) and personal liability (in the worst case wage garnishment).

Banks will never throw loans around but will set up a check for you where you enter into a 100% loan. It has to fit. If you have no equity and still 3 cell phones, a car on credit, and earn 5,000 net per month, then something can’t be right.

I don’t disagree with you there either. A bank will look closely at whom they grant a loan to. And a bank will not approve a loan without equity or other security. I only said that you can’t categorically say that with little or no equity a high financing is ALWAYS not sensible or conceivable.

Even with a 100% plus financing, there are situations where financing is possible without worries and is also sensible. Most likely, of course, in a low interest phase.

I also did not intend to refer to this financing with my statement, I haven’t read everything. Just to relativize the generalization a bit.

That having sufficient equity is positive in every respect, I do not question.

I am a career starter and will be a civil servant for life in half a year at the age of 23 and would then like to realize my dream of owning a house quite quickly (possibly even as early as 2017) - I have not had much time or opportunity to save so far.

I find this thread very insightful and it was/is entertaining as well.

As a civil servant, you are somewhat an exception. You can build/finance a house very relaxed. I know several civil servants and civil servant families. None of them are high earners and all build quite modestly..BUT the level of security is priceless. My wife is "just" in the public sector and even on the topic of "sick leave" I envy her.

Off-topic: If I were 20 years younger and fresh out of school..I would work exactly in this direction. Even if I could only earn a normal income then. Money is not everything. Free time and a real end of the workday without existential fears...oh, how lovely that would be.

Regards, Steffen