Purchasing land and building a duplex - How to proceed?

Hello, I am speaking up again. On the one hand, I do not think that a civil servant does not need equity capital. I have not written that anywhere and I also do not understand why someone would misquote me like that. I only think that being unterminable is better than being terminable when you want to take out a loan. I meant nothing else. I also did not want to take out 450,000. I wrote that as well. It is also clear to me that such a sum exceeds my financial means. And regarding the residential location: I am very much dependent on family support in everyday life. Without a network of family and friends, I could not possibly manage child and full-time job together, or my two-year-old would have to be looked after every day from 7:30 to 17:00. I will definitely not impose that on her. Apart from that, I can only work within the Hamburg state border. So there are plenty of reasons against moving, no matter how low the land prices are elsewhere.

Maybe read the thread completely from the beginning before making accusations: the calculated amount came from _me_. The OP saw it as cheaper. Besides, she wanted to save up first, but now she has come across this supposed bargain...

Why accusations? Maybe the OP doesn't know any better. Apparently, she is at the very beginning when she is walking behind a property but cannot read/evaluate the listing and has not familiarized herself with prices in her region. I suspect she is a full-time single parent. Unfortunately, also a disadvantage when building. But sorry, maybe I am too naive. It all reads very, very rushed.

Why accusations? Maybe the OP just doesn't know any better. Apparently, she is at the very beginning when she is walking behind a property but cannot read/evaluate the listing and hasn't familiarized herself with prices in her region. I suspect she is a full-time single mother. Unfortunately, also a disadvantage when building. But sorry, maybe I am too naive. It all reads very, very rushed

Possibly, maybe...
Your #12 doesn't relate to the thread... That should happen with your questions...

Yes, sorry, as a banker I view all the financing excesses critically. I therefore welcome the new guidelines. A brief example from me: New construction 2013, wife was on parental leave with the first child (wife only had €1290 :confused: parental allowance), a large German bank did not want to count the income because she might never work again. The financing bank wanted a discount to the purchase price of €270k for the new build and to finance a maximum of €252k. Now at the refinancing, second child parental leave (€600 due to part-time). No problem at all, the value of the property was set at €315k since there was a value increase within those few years. When you then read about salary increases, income ratio to the loan, and the banks go along with everything, you start to have legitimate concerns. Here you go, a 10-year fixed interest rate. Sorry, but quite a few financings will burst if no repayments are made during the current upturn.

Yes, sorry, as a banker I view all the financing excesses critically. I therefore welcome the new guidelines. A brief example from me: New build 2013, wife was on parental leave with first child (wife only had €1290 :confused: parental allowance) a large German bank did not want to count the income because she might never go back to work.

Could you perhaps post a fictitious example in a separate thread that shows the effects of the new guidelines? Like green before, red afterwards.

Parental allowance is generally considered critical and is not counted by many banks. My brother works in the automotive industry and said that financing is similar there. Parental allowance apparently cannot be used as collateral or something similar.