Real estate financing possible? Hardly any equity, Berlin area

Increasing asking prices can only work as long as there are enough buyers & access to cheap credit money. If this access becomes more restrictive and at the same time the pool of potential buyers is reduced simply by the price, this affects the actually realized sales price. In this case, a property in the range of 500,000 - 600,000 might be feasible based on income. 10% more -> 550,000 - 650,000, difficult. Another 10% more - definitely no longer.

Yeah, and? This has been visible for years. The only regulation that has taken place was in Berlin and the rent control. What is the consequence? Cheap construction in new buildings. You have to save somewhere.

What exactly are you talking about? What you describe (Min-Max) also has limits - minimal quality at the highest price. This is solely about the maximum affordable price for large parts of the upper middle class and even the upper class. Your well-known "tight panties" are also made of elastane - they stretch for a long time, but eventually the sausage skin definitely bursts.

So upper class should have no problem building a house for 700 or 800TE or you have a completely different definition of upper class than I do. For middle class - and we certainly belong to that - it’s already tight. No interest to build wealth, annual price increases of 10-15-20 TE and land prices that are something else. Here in Konstanz a new district is supposed to be built in the next few years (BER-style ;) ), it’s rumored that the farmer sold the land to the city for 400€/sqm. At what price it will then come on the market remains to be seen, but for middle class there presumably won’t even be a townhouse with a towel included. If that kind of thing is still planned at all. There are reasons why we are moving to the countryside. And the longer I read in this forum the more I am glad that we have a cheap plot and the total sum actually still resembles the called house price.

Whether something will change in the medium term, I have my doubts. Currently almost everyone involved (except the families) still benefits from it. The bank sells loans, the companies build like crazy, the real estate agents hold out their hands for mass viewings, and the state also generously collects property transfer tax. I expected in March that Corona would be the event that stops the system but it went rather in the opposite direction. But in hindsight that’s not really surprising, all the printed money has to go somewhere. And now enough off topic;)

Running in Berlin...

There is nothing to add to that.

Please do not underestimate the additional/operating costs of owning a house!

You can't always say that so generally.
In our own house, we have/had significantly lower additional costs than currently in our (temporary) rented apartments.
There are various janitors, gardeners, elevator maintenance / operating costs, etc. involved.
You have no influence on these in contrast to your own house.
Regards, Olli

However, you are responsible for all additional costs and repairs yourself. Additional costs, which may otherwise be shared among several parties, become more expensive.

Hi,

of course you are responsible for repairs yourself, but you can also decide when, what, and how to do them.

However, this is about the pure additional costs that can be passed on to the rent.
I have a terraced house myself which I rent out, here for example the building insurance has become quite expensive, the motivation to change anything here is quite low since the contributions are paid by the tenant.
It’s the same with maintenance costs that can be passed on.

For this house, the additional costs (property tax, water, sewage, rainwater, trash, insurance, heating maintenance, and chimney sweep) are about €120 / month (without gas + electricity).

For our current rental apartment, these are about €250 (without heating + electricity).
Here we pay, among other things, for an incompetent gardener, stairwell cleaning - well, elevator maintenance, caretaker service, etc.

Regards Olli