Question regarding the feasibility of financing

I think here again a wrong assumption is being made from the outset. With 5k (household) net income, one is anything but a high earner in a large part of the country. Especially not in regions where the price per sqm of building land is 800€ and upwards. If you are completely honest with yourself and look deep inside, you will realize that as a slightly above-average earning ordinary citizen, you simply cannot afford a new build costing 600-700k there, unless a substantial amount of equity is available through inheritance or gift. The ordinary citizen with the above-mentioned salary can perhaps contribute 100k equity with a lot of sacrifice and discipline. That is barely enough for the incidental costs there.

I think here again a wrong assumption is made from the outset. With 5k (household) net income, you are anything but a high earner in most parts of the country. Especially not in regions where the square meter of building land costs 800€ or more. If you are honest with yourself and look deep inside, you will realize that as a slightly above-average earning normal citizen, you simply cannot afford a new build for 600-700k there, unless you have a considerable amount of equity through inheritance or gifts. The average citizen with the aforementioned salary can maybe bring in 100k equity with a lot of sacrifice and discipline. That barely covers the incidental costs there.

Correct, with 5k net income from two earners, you are the poor schlucker when buying property in Munich and Emperor Franz in Schleswig-Holstein.

Hello, thanks for your answer. Unfortunately, I didn’t quite understand the second sentence. Existing buildings and new construction hardly seem to make a difference here. Usually, both are around 1 million euros all in. But this is only an estimate based on broker information and stories from friends who have lived here for a long time. Thanks for your post. There are many points of orientation for me in it. By the way, 500 k€ was meant to be too low for 150 sqm in this area. Apparently, you have to reckon with at least 800 k€ here. Rather more. Both for new construction and existing buildings. That’s why I’m surprised about the repayment calculations. Sure, many also earn a lot. But that people here on average earn 10,000 net so that they can afford a house is hard for me to believe as well. So it sounds like many here are making too naive calculations (like I originally did) or have inherited a lot. Otherwise, such prices are actually not affordable.

And I don’t understand your thread. What are you looking for? Information, sympathy, justice? Enlighten us? Are you actively searching and want a comprehensive clarification of the finances? Then please post

... you always have to ask exactly when someone talks about 800 TEuro +/-. What was always included. Because 800 TEuro for a 150 sqm house without land are even around Munich really high numbers that I can't understand.

Prices of pears are too often given when you ask for apples .

Are internet prices for cities like Ingolstadt really that outrageously high, or is the proportion of private builders in cities rather small in the forum, so the examples get lost?

Yes, Ingolstadt is significantly more expensive than most other regions in Germany. Orientation towards Munich might make it look different. In my impression, most houses of the builders here in the forum are built in a "commuter belt."

I think that most people here actually earn very well. 5000€ net per month combined would already be a high income for many.

Even as an individual, 5000€ per month is not yet a high income, although it is already on the right downward slope of the distribution curve.

Let's assume 5000 net per month. Cold rent so far 1000€ per month. Why are 1500€ then the upper limit or "steep"?

I do not find that steep – however, as others have already mentioned in the thread, it must be taken into account that house costs consist of more than just one installment.

If you currently pay 1000€ cold rent and would do so for 30 years (rents will rather increase), then you have already paid back 360k€ from the rent savings. And that without extra burden.

Theoretically you are right, only the idea of no extra burden is an illusion. Anyway – the reason why the average wealth of people in countries we call "poorer" is sometimes significantly higher than in Germany is the homeownership rate. In that respect, your consideration is basically correct. We are often not willing to sacrifice a certain "standard," such as several vacations a year, for wealth accumulation, stay rented, and in doing so, first live quite well. This consumption behavior helps the economy splendidly; whether it helps society too – I put a big question mark on that.

First of all :
If my question somehow offends you, I am sorry. But I don’t know why. I think I asked kindly for help with my general considerations. And that’s all I am looking for so far. I will be more specific when a purchase is in sight. Our net income is also above 5k.

@ Everyone else:
Thank you very much for your lively participation.
I should definitely qualify my wording: not high earners, but better earners and the upper 15%.
I also didn’t mean that I personally consider myself a high earner, but I know many who earn around 3500 € net.
And if we assume a slightly different distribution, for example 3500 € for one and 1500-2000 € for the other, then the one earning 3500 € as a single still has to pay the solidarity surcharge because statistically he belongs to the "top 10%" of earners, as politics have told us. One would spontaneously think that these are the people who can pay for the 800,000 to 1,000,000 houses.
Because if not, who pays for the many, many houses here that all start at 1 million?

But that’s just why it surprised me so much how low one should calculate.
But you have the experience, and that’s why I am very glad that you respond to me so actively. It takes away the illusions that build up through the chatter of others. And that one thinks one can justify mathematically.

By the way, I also tell everyone that I wouldn’t want to spend all my money on repayment, but actually think that one should calculate much more conservatively for children, vacations with children, sports, maybe later university for the children.

You confirm my suspicion and destroy my hopes.