Plots and houses in boom regions

Well, I could imagine that this would make even more people want to own a home, and greater demand pushes prices further up.

At these prices, Baukindergeld doesn’t make a difference anymore. What are 12-36k on a million, which, because they are paid out over 10 years starting about 1 year after construction, don’t even count as equity but „only“ for special repayments?

If you can finance a million for a house, you don’t get Baukindergeld either. But in the relevant region between 350k€-550k€, a surcharge on the above-mentioned sum on top of 24k€-40k€ with 2 children in Germany or Bavaria really hurts. And exactly that will happen from autumn for just under 3 years or will continue to intensify until the end of 2021.

Men, women, [Transen], lean back and think. What we have is called inflation, money devaluation through low interest rates. Rough calculation. 100,000 at 1% costs 1,000 per year and 20,000 in 20 years, with 5% interest 100,000 in 20 years. A property may therefore, if it costs 300,000 at 5% interest, cost 240,000 euros more at 1%, so 540,000. This is exactly what we are currently experiencing. The dream is 1% interest and a 300 price, but economics just isn’t like that. And whoever could build at 5% for 300 can also do it at 1% for 540, and vice versa. Unfortunately, building in boom regions has never been for everyone; in peripheral areas it looks more relaxed, as cheap money actually makes real estate really cheaper there.

Men, women, trans people, sit back and think. What we have is called inflation, devaluation of money through low interest rates. Rough calculation. 100,000 at 1% costs 1,000 per year and 20,000 in 20 years, with 5% interest 100,000 in 20 years. An object may therefore, if it costs 300,000 at 5% interest, cost 240,000 euros more at 1%, so 540,000. That is exactly what we are experiencing right now. The dream is 1% interest and 300 price, but that’s not how economics works. And whoever could build at 5% for 300 can also do it at 1% for 540 and vice versa. Unfortunately, building in boom regions has never been for everyone, in outlying areas it looks more relaxed, there cheap money actually makes real estate really cheaper.

I like your humor

Nice thread, but what is it doing in the support aid for Ikea furniture????

My two cents: we have been working for two years so that we can finally build. Just how much costs have increased during that time already makes you break out in a sweat. And yes, we live in the Munich commuter belt, 70 km from the city. You can't get a single-family house here for under half a million anymore, and they don't have to be in a super location. Friends of ours have therefore moved even further west, even longer commute, but at least affordable.

If we didn’t have the plot here, we couldn’t afford the house. And actually, this is not my dream plot. Too close to the neighbors, no view. Only: there are no more plots to buy here, and if there are, you’re looking at 300 - 400€ per square meter.

then you're looking at 300 - 400€ per sqm.

Nothing more for the suburbs?