New beginning after termination due to personal need

Phew, well that sounds very far off from owning a home. I see at most a condominium. But without equity and with the family business?

With the family business Taxi and co, I see a big obstacle. Self-employed people are often compared to eggs by the bank – and based on your statement, they have almost no security… or yours. Bank appointment and then see what happens next.

You just have to see what the bank says. I am employed by my father. He managed it 30 years ago as well, self-employed solo, first a condominium, and after 12 years sold it profitably and then bought a semi-detached house. Sure, it was a different time 30 years ago, you could make really good money as a taxi entrepreneur and the real estate prices were a joke compared to today. Condominium 250,000 DM, 5 rooms in an upscale district of Hamburg, then semi-detached house for 245,000 DM. Even considering inflation, that's peanuts compared to today. Equivalent properties now go for 650,000-800,000 € (to convert roughly 1.6 million DM), so 14 times as much.

But still, I have to and want to push through now. The notice of termination for personal use ripped me out of life, I am no longer willing to pump my hard-earned money into landlords who would shamelessly throw you out on the street in the toughest times, even though you always paid diligently. I'd rather put it into homeownership. However, the prices here are so extreme, that it has as much in common with the healthy middle class as the People's Republic of Congo does with its first moon mission. :-( Going further than 30 km away from Hamburg is not an option because that's where my workplace is. Otherwise, it doesn't amortize. But in the commuter belt, you can basically forget buying a house under 500,000, unfortunately that's true. Still, there must be a possibility for the middle class to get a small house? With condominiums, I feel like I am being taken for a ride at the purchase prices and won't feel comfortable for the next 30 years. In Hamburg city, they are selling a one-room condo with 24.5 m² for 149,000 €. Have a nice day too ^^

You should also not buy any ETW in Hamburg City ;-) But honestly, the discussion is pointless. You can only do what the bank is willing to go along with. If the bank says no, then you rent. Unfortunately, that's how it is.

Sorry to have to say this, but with a household net income of 3-3.4k for 2 people in the Hamburg area and also with your self-researched house costs to which you still have to add purchase incidental costs and renovations, I see no chance for you for a single-family house. What does your wife/girlfriend do for work? Are you self-employed or employed? How is your income distributed? How high is the current cold rent? Do you have ongoing financing? There is a questionnaire here in the financing section, with the information one could roughly narrow down your possible price range. But in principle, I would look for a condominium. I cannot imagine a house in the region as affordable for you.

The notice of termination for personal use tore my life apart, I am no longer willing to pump my hard-earned money into landlords who would unscrupulously throw you out on the street in the hardest times, even though you always paid diligently.

Yes, that is really tough. But one thing is your situation, another is the landlord’s. You should not mix the two. Many landlords have the opposite problem. You are frustrated now, but you should approach the situation objectively.

I would rather put that into a home of my own.

Unfortunately, you hardly have anything to put into a home of your own. Actually, nothing at all. And for people like you, there is the great option to rent an apartment or a semi-detached house or similar – with monthly income but no equity. A house is not a magic box that builds and pays for itself. Renting can sometimes be quite comfortable: heating breaks down, you don’t have to worry about it, etc. SH is still relatively reasonable in terms of prices…