Maximum and reasonable credit amount

I have had very good experience with the 30% rule when financing two houses. With higher income, demands naturally also grow. What is a 3-4 star Mediterranean vacation for a 3k household is an exclusive long-distance trip for a 10k household. However, both households can afford their vacation well with the 30% rule. And don’t forget: a loan for owner-occupied real estate should be paid off in 10-15 years, otherwise you end up paying far too much in interest overall. This repayment speed also works well if you stick to the 30% rule.

Don't forget: loans for owner-occupied properties should be paid off within 10-15 years, otherwise you end up paying way too much in interest.

Where does this "should" nonsense come from?
What is "way too much" interest? How do you determine that?
A tenant should also not pay rent anymore after 10-15 years, otherwise they pay way too much.

@everyone: Please don't listen to this, otherwise no one will be able to afford a property anymore. A full amortization loan of 400k costs about €3,500 per month. Such nonsense for all normal homebuilders/buyers.

A full repayment loan of 400k costs approx. €3,500 per month.

So you need about 10-11k net income to finance a 500k standard property with 20% own capital. It surprises me that not many more houses are built in Germany then. Any simple employee family can manage that *irony off*

I have had very good experiences with the 30% rule when financing two houses. With higher income, expectations naturally also grow. What is a 3-4 star Mediterranean vacation for a household with 3k, is an exclusive long-distance trip for a household with 10k. But with the 30% rule, both households can easily afford their vacation. And don't forget: a loan for owner-occupied property should be paid off in 10-15 years, otherwise you end up paying way too much interest overall. This repayment speed also works well if you stick to the 30% rule.

That is really the most stupid and undifferentiated thing I have read here in a long time.

So you need about 10-11k net income to finance a 500k 08/15 property with 20% equity. I’m surprised that many more houses aren’t being built in Germany then. Any simple working-class family could manage that *irony off*

Of course, you build wealth as well. And the interest rates are similar to the cold rent, with a tendency to fall.

On the other hand, I currently see it as putting everything possible into repayment (that is a safe investment).

It was also our mistake to position ourselves too inflexibly (loan amount, adjustment options zero...etc).

At the moment we calculate very practically = special repayments equal so much less interest over the term. We have 15 years, first goal is to pay off the loan within the term and, if possible, finish earlier.

As a result, there will be wealth and time for old age or to reduce working hours. Life time = is equivalent to wealth.

So we always wait for January and put in the maximum special repayment. And if we ever get broke, we still have 15 years total term.

Are we restricting ourselves too much because of the loan? I am currently seeking work, my wife is working full-time and due to a severance payment on my part, it is still relaxed. You have to want to afford a house...

Where does this "should" nonsense come from? What is way too much in interest? What do you base that on? The tenant should also not pay rent after 10-15 years, otherwise he pays way too much. @Everyone: Please don’t listen to this, otherwise no one will be able to afford a property anymore. A full repayment loan of 400k costs about €3,500 per month. Such nonsense for all normal home builders/buyers.

If you want the 1 million villa with a net income of 10k, you just have to bring equity of 600k so that it can be financed comfortably. And yes, that’s why so many complain that the younger generation has problems acquiring real estate.