Problematic prices in the south of Munich

The calculation is quite simple. The new washing machine can cost 2400€ (rent) or a repayment of 2000€ (purchase). And now it is necessary to check what you get for that, so that you don't have to pay 100 when buying.

Why don’t you have any equity and why are you saving in ETFs and not in a savings account?

Putting 100 percent into ETFs is somewhat risky. How about direct investments in well-diversified individual stocks?

The expertise of the "financial experts" in this forum is absolutely insane!!!!

Germany is unfortunately still financially stuck in the Stone Age. Better to burn money securely than to invest with opportunities. And then complain about those at the top who multiply their wealth through [Firmenbeteiligungen].

I have the impression that most of the commenters do not know the Munich housing market and its radius. Even small terraced houses from the 60s in unattractive locations sell for >850,000. The "Munich North" becomes financially more relaxed starting from Landshut. You can still get houses for 650,000 there, but then the next S-Bahn is also a 20-minute drive away and it is the deepest Aiwanger country. The south of Munich – so everything north of Starnberg – is not affordable for people without wealth and large inheritances. There are no terraced middle houses for 650,000 or 4-room apartments in that price range. And the other living costs in the region are also higher. Especially with children. Renting and investing the remaining money wisely makes more sense in terms of wealth building if you don’t get 500,000 as a small support from Mommy & Daddy or Grandma the heir. Some of our friends rent cheaply and, for example, have bought holiday apartments. And even those who could afford a semi-detached house with family wealth do not do it because they do not want to spend 1.2 million on it. Others happily finance away, pay off minimally, and assume they will never pay everything off but sell at a profit in 10 years.

How common is the variant in Munich where you really only buy for 20 years with minimal repayment, and then sell after 20 years?

very common. But it only works with good equity capital. The classic, so to speak. Advanced inheritance and then minimal repayment from your own salary. And if the entire tech industry doesn't go down along with BMW, there will be no bubble in Munich.

One can live very well with less and realize ownership. :) My favorite examples are always the expenses for kitchens and outdoor facilities. :)

You said it: you can live well with less. In my view, one should not think exclusively about ownership at all costs. The train with the requirements (Munich)... (it's simply different than in the middle of East Germany) has, to put it simply, left the station. Saved equity can only serve the ancillary costs and kitchen in the amount provided. (Ancillary purchase costs with kitchen in an existing property) And then it would be a 100% (if not more) financing.