Own home: interest rate development / interest rate / interest rate increase / conditions

and today I am currently in public service level e11 level 4 (so already upper third) 2250 net. only that the costs today are different than in 1995 with an adjusted 1700 net back then for Bat VIII.

and even with e11 and upwards it is really not a given to be able to afford a property. at least with the current land prices here in Berlin

I agree with you. In this case, you definitely need the second income (as we do with our financing as well). Although even back then, it was hard to manage financing with this net income alone (especially with the interest rates at the time - back then fixed deposits were already paying 7-8 % for 6-12 months - not to mention financing).

And E 11 corresponds to senior service. Actually pretty crazy. You need a second income for that.

yes e11 is the senior service (it already starts at e10). and with the level almost at the maximum. level 5 then means about 2500 net. but then it’s done for now. at most upgrade to e12 and so on.

i don’t want to complain. i think that’s a lot of money. and the working conditions are great. and for me (Rentenbund) also a great company pension (maybe someday).

but the fact is. with a gross income of 50-60k building a house is pure kamikaze. as said, you already need a second salary. and even then, with an average second salary it’s tight. that’s somehow wrong nowadays.

I am always amazed at how easily people buy houses. No matter the age. 400 to 500k expensive. They certainly don't have 80-100k equity. Young people especially not. They almost have to finance the full amount blindly for 40-50 years. With one foot in the debt trap.

I'm always amazed at how easily people buy houses. No matter what age. 400 to 500k expensive. They certainly don't have 80-100k of equity. Young people definitely not. They almost have to finance nearly the entire amount blindly for 40-50 years. With one foot in the debt trap.

Finally we get back to the topic, I can't understand all this salary comparison stuff, maybe you should make a separate thread for that.

Most won't bring the 20-25% equity, which should actually be the golden rule, but if you can afford a higher repayment, the deal can still work.
Many financiers just care about closing the deal, and customers get misadvised. Some financial brokers don't care if the deal goes down the drain later.
Sure, not all are like that... some are.
Of course, people also misjudge themselves, don't take stock to see what's left at the end of the month, etc.

Interesting again is the interest rate story, which I have been following for some time.
We are now at the level of November/December and I find it interesting that it takes half a year to bring the interest rates (end of April) to the lowest level ever... but only about 2 weeks to undo that again... unbelievable...

As if the ECB's measures have done little.

Finally we're getting back to the topic, I can't understand all this salary comparison here, maybe you should create a separate thread for that.

You don't have to understand everything! That's how discussions are: often somewhat digressive