Maximum land costs compulsory auction

Well, everyone as they like!

We have also been able to save 4k out of 5k net for years, which probably comes out similarly to the mentioned Hartz IV rate. And that in our case to build a small house on a small plot. What exactly doesn’t suit you about that?

My brother-in-law and his wife both have doctorates as well. Nevertheless, they are financially at their limit with their over 1 million terraced house with a tiny garden in the Munich surrounding area.
What do you think they should do?

Yes, it is frustrating enough that one has to severely limit oneself while studying/doing a doctorate in the Munich area to be able to afford anything. And by limiting I mean both lifestyle and demands on the house.

But would your conclusion be that with a doctorate you’re not allowed to buy a house because you have to spend it on travel, eating out, and clothes instead?
Fortunately, everyone is allowed to decide that themselves.
But then you just shouldn’t be jealous when people like us have saved 200k equity by the age of about 30.
Because I am definitely not jealous of my friends’ faraway travels and certainly much nicer clothes…

All good. I wrote it like that too: it’s up to everyone individually.
But please don’t twist the facts. You were not showered with envy by the thread starter because you saved so much equity.

He was advised to save 4000 euros from 5700 net.
That’s typical for this forum. That’s not the real world.

For example, you live rent-free at mommy and daddy’s.
Do you know how many people I know in my environment who still live rent-free at home at almost 30?
Exactly zero.

This is just a forum for a special topic here. And that results in a distorted image of society.
That’s not bad. Everyone just needs to be aware of it.

The thread starter will analyze his financial situation carefully again, restrict himself for a few months, and then have a nice sum of equity. With that he will be able to handle the financing if he can stick to the cut items from the expense analysis for a long time.

I find myself very well reflected in his descriptions. And everything is now settled for us. And that without years of Hartz IV level income. We can look back on nice trips (and continue to make them).
We only severely restricted ourselves on pointless knick-knack expenses. Feels good too…

First of all, it's about the plot of land. Go there, set your own limit and see what happens. Building the house right afterwards is not feasible given the equity and expenditure situation. The income promises that with changes in lifestyle a house can be built later on successfully. If you don't get the plot at the limit price, then just another one another time. No offer is unique.

First of all, it’s about the plot of land. Go there, set your own limit, and see what happens. Building the house immediately afterwards isn’t feasible given the equity and expenditure situation. The income promises that with a change in lifestyle, you’ll be able to manage building a house later on. If you don’t get the plot for the limit price, then just try another one another time. No offer is unique.

That is the most important thing. Calmly analyze and do not exceed your own limit. Even if it’s difficult. And I would also take the advice to attend an auction beforehand seriously. I wish you a lucky hand :)

He was advised to save 4000 euros from 5700 net.

Saving 4000 per month results in 48000 per year.

No. He was not advised - it is an eye-opener how much, for example, a 4000€ saving rate adds up to in a year. You have to calculate yourself where the money flows. Into a higher savings rate (more than 500€) or into numerous retirement provisions - if you can afford both, great. But if you want a little house, then you get ahead better with equity. In this case, it is planned to use the equity as a down payment at the auction, then nothing is left. The few thousand euros that remain are needed as a family buffer,

But please don't distort the facts. You were not showered with envy by the thread creator because you had saved up so much equity.

It’s not about the thread creator, but rather that some people can’t explain where our equity comes from. Everyone sets different priorities, and I’m not surprised why friends can afford a trip to America.

And living with parents is different in rural Bavaria. We live in a granny flat with our own kitchen, own bathroom, and own washing machine... at my wife’s parents’ place. At my parents’ place, my grandma lives on the ground floor in the same house, while my parents have the upper and top floors. I also know many friends whose grandma lives in the same house. Among good friends, even three generations live on separate floors and all are happy with this arrangement. Here too, I think you portray this too negatively.

It’s true that the forum distorts some things. Not every new build needs and has electric shutters, large-format tiles...

And that you can continue traveling is great. I wouldn’t mind either. But our 325 sqm plot simply cost 250k, and I don’t know how you got a 165 sqm single-family house offered for under 300k. We had three offers for the same living space from prefabricated house companies between 320k and 360k PLUS 70k for the basement, and none of those included electric shutters, small windows, no sliding doors, no heat pump, and basically nothing else. Apparently, even prefabricated house manufacturers offer regional prices that vary. We originally hoped that a prefab house would be cheaper than a Munich construction company. But that was not the case for us.

The thread creator can afford a house; our conditions are not that different. But he too will have to restrict either the house or/and the lifestyle. We simply don’t earn enough for that.

I don't think anyone has to justify the amount and origin of their equity or debt here. When it comes to financing, what counts is:
How much equity is there?
How much income is there?
How much of that can be made available for saving or a payment?
How much risk and willingness to make sacrifices do the future builders have?
What should / is the house allowed to cost?