Maximum land costs compulsory auction

Equity is worthwhile at least for the reason that you have a different loan-to-value ratio, making it easier to get a loan and having an advantage compared to competitors.

But otherwise, you are right.
We should have built better 5 years ago.
The question is whether in 5 years people will say that again or whether they will say "I should have waited better."

So you would first have to save 30k€ per year for it to be worthwhile when adjusted for inflation. That is 2.5k€ per month. So why accumulate equity at all instead of financing 110%?

Surely I have a flaw in my thinking. Today is just not my day anyway...

The line of thought is not so far-fetched. That’s why we haven’t saved for another 1 or 2 years now. But you really have to consider fundamentally: 1. Do you even get a 110% financing? I recently read that in an industry survey, 70% of banks said they had tightened their mortgage lending conditions because of Corona.

2. How does the equity ratio affect your interest rate? With a loan amount of 500,000 euros, a 0.5% difference is already a lot of money in the long run.

But basically, I’m with you. Only with relatively little equity, an additional 20-30,000 euros already make a big difference in the financing.

The line of thought is not that far-fetched. That's why we didn't save for another 1 or 2 years.
But you basically have to keep in mind:
1. Do you even get a 110% financing? I recently read that in an industry survey, 70% of banks said they had tightened their mortgage loan conditions because of Corona.

2. How does the equity ratio affect your interest rate? With a loan amount of 500,000 euros, a 0.5% difference is a lot of money over time.

But basically, I’m totally with you. Only with relatively little equity do additional 20-30,000 euros make a big difference in financing.

Our house bank offered us 475k€ at 0.9% in a personal conversation 2 months ago. That my wife works in the public sector probably helps a bit.

Our house bank offered us €475k at 0.9% in a personal meeting two months ago.

However, the personal meeting is not contractually binding. In an official inquiry, the offer goes across multiple desks and is not personal.

Our house bank offered us €475k for 0.9% in a personal conversation 2 months ago. That my wife works in the public sector probably helps a bit.

Hmm..I am a civil servant for the federal government, my wife is an employee at a state ministry. Both are practically un-terminable and currently earn roughly your income. Back then also roughly your equity. With that equity, you will almost certainly not get 0.9%. Our interest rate is definitely higher. And that with €40k equity. But that’s just speculation now. Who knows..

As ypg writes: it only gets concrete when you can provide specifics. That means: which house on which plot at what price. Don’t rely too much on the statement.

It’s the same as with the catalog price from the house providers..

Although there are no signs of falling prices. Especially with rising rents in metropolitan areas, many still survive, whether their own four walls would not have advantages.

At least for Hamburg, I recently read that rental prices are indeed stagnating and the industry expects a significant slowdown in rent price development in the near future. In addition, by saving equity, you improve your equity ratio and thus probably the loan interest rate, even if your savings amount would be completely eaten up by the price increase.