My home financing 2025 is bursting against reality

Hi guys,

I’m writing you a new post because essential issues have changed and I need your experiences and input. Due to the failed construction financing, I want to somehow completely bury the house purchase.

We live in Stuttgart and as dual earners without significant loans, we can’t afford a house. Because in Stuttgart and the surrounding area the prices are simply way too high, despite rising interest rates. And the problem is, there are people who pay all kinds of prices; our one property for 1 million euros was sold to someone else after we declined.

My parents and my wife’s parents had "kaufkraftbereinigt" less available and were able to build or buy a house in the 80s / 90s, we cannot.

What a shame I have to admit to myself. Everything has somehow become so extremely expensive.

We currently can’t even buy a townhouse.

I need your support, how would you proceed in my case?

Problems

1. We have no equity, our money is tied up in my so-called 1-room apartments.

Selling rented 1-room apartments is also difficult in Stuttgart; with compromises I could of course sell them. But that will take time, according to the realtor, marketing starts next week.

2. Future monthly payment for the house too high

I had intense discussions with my wife over the weekend who doesn’t want to stick to my savings plans to save equity. Even her parents called about what’s going on.

She wants to continue

1. Buying her expensive makeup + perfume
2. Keeping her Netflix subscription
3. Eating out on weekends
4. Going on vacation 3 to 4 times
5. Expensive hair extensions (€1000)
6. Keeping her own car
7. Sweets and cola whenever she wants.

She does not want to restrict herself, she says we would then have a house but she would have no life anymore.

3. House viewings:

There are always problems.

a) Often the house is too old, we have no desire to do any work ourselves nor to carry out a full renovation.

Working full-time + renovating a house, honestly I couldn’t manage that.

2. New houses

The new houses are all built so tiny and the floor plan often poor. The inferior build quality can sometimes already be seen on the facade.

3. Houses too far out

The idea of commuting would have been good but we have now tested this. Houses that are somewhat further away.

I wouldn’t tolerate the traffic jams / traffic / long distances in the long run.

Anyone from Stuttgart, imagine standing with a car at 5 pm on Heilbronner Str. I have no desire for that.

The house would then be too far away and your actual sphere of life would still be in Stuttgart.

Conclusion!

I recently paid €9 for a döner here and that simply shows me that many things have become too expensive.

Of course, that would be comparing apples to oranges, but real estate prices in Stuttgart are now completely out of proportion to incomes.

Here, new 4-room apartments by Pflugfelder cost 1 million euros. Townhouses in Stammheim start at 1 million without equipment.

Probably everything will become even more expensive in the future.

My question to you:

Would you personally sell your entire real estate portfolio and restrict yourselves so that you have a small house?

Then it simply probably isn't meant to be, I would say. No one is forcing you to eat a Döner, nor does it make sense to buy a house if you don’t want to give up anything at all for it and most likely also have no desire for the extra work in the garden.

Let it go, that is my advice.

I need your support, how would you proceed in my case?

Liquidate tied-up assets that cannot be used for the bank so that equity can be applied.

She does not want to restrict herself, she says we might have a house then but she would no longer have a life.

Understandable, when you read your crazy suggestions from the other thread. I understand your wife there.

Would you personally sell your entire real estate holdings and restrict yourselves so that you have a small house?

Depends on what that specifically means. By the way, don’t talk about selling. Talk about exchanging. Hard-to-sell apartments for always well marketable house. In the other thread, there were many apartments for 100k each. Something can be done in Stuttgart as well. P.S. A buddy lives in Waiblingen. Commuting works but is annoying. Prices there aren’t much better either. You have the stress of commuting in every big city. Also the price problems.

Your wife probably doesn't want a house as badly as you do if she doesn't even want to give up her [Kunsthaare] and sees that as a loss of quality of life.

She wants to continue

1. Buying her expensive makeup + perfume
2. Keeping her Netflix subscription
3. Eating out on weekends
4. Going on vacation 3 to 4 times
5. Getting expensive hair extensions (€1000)
6. Keeping her own car
7. Having sweets and cola whenever she wants.

If you already start by forbidding sweets, you’re not exactly being sensitive. Going from 0 to 500 will probably make anyone shut down immediately.

Your wife probably doesn't want a house as much as you do if she doesn't even want to give up her fake hair and sees that as a loss of quality of life.

It would be nice if you didn't say it so disparagingly. Not everyone's life goal is to spend 600 EUR on groceries for four people and put every cent into the house. Luckily, one has to say, because the nail salon, the hairdresser, the flower shop... all these (small) people (weren't you in the SPD?) live off those who leave a decent amount of money there... no hairdresser can survive on a man’s haircut for 20 EUR alone...