Realistic or daydream? (Buying property without equity)

I could tell a long story about why we haven't saved that much, but that would take too long. There were always reasons. My wife dropped out of her first degree, then only “finished” at 30, so she hasn't been working for that long. Then children, which of course cost money, we needed a station wagon (paid for immediately), etc. Obviously, we also just lived well with vacations and so on.

Currently, we pay €1000 warm rent.

It's already good that rent and planned installment aren't that far apart.

I know the situation myself; I also started in proper working life late. I then set the goal of owning property and prioritized that accordingly, subordinating topics like vacations and cars. Not everyone can or wants to do that, which I understand.

The example of the station wagon fits well. If you now bought a car for, say, €30,000 in cash, that's good on one hand because if such a rare expense isn't upcoming, you'd have a good monthly surplus. On the other hand, one doesn't suddenly decide on owning a home overnight and could instead opt for a used car for a fraction of the amount.

Without knowing your expenses in detail, I also think that it practically works quite smoothly; what is exciting is how banks will view such financing, especially since there are new guidelines for lending.

My uncertainty still lies in what happens if prices have continued to rise by then? Or if interest rates spike? How much is it worth to have waited?

In the current situation, I would buy instead of saving, provided the banks do that and at a reasonably fair interest rate. Otherwise, the issue always runs ahead of you—you save, and at the same time building becomes more expensive, probably faster than you can save.

It's already good that rent and planned installment are not too far apart.

That's purely a wish. Nothing more.

In the current situation, I would buy instead of saving, as long as the banks offer that and at a reasonably humane interest rate. Otherwise, the issue always runs ahead of you, you save, at the same time building becomes more expensive, probably faster than you can save.

Well, it's six of one, half a dozen of the other. Years ago, people were in a hurry because there was fear that interest rates would rise.

But I would generally recommend financial advice so that you have some calculations in front of you.
The numbers look good.

It would be nice if you keep us updated

Regards, Yvonne

In the current situation, I would buy instead of saving, provided the banks do that and at a reasonably humane interest rate. Otherwise, the issue always runs ahead of you, you save, while building simultaneously becomes more expensive, probably faster than you can save.

I would do the same. Or alternatively a building savings contract to secure the interest rates. Maybe [Wohnriester] makes sense because of the child allowances? But honestly, I am completely unqualified to advise on this. I only know the situation from life.

I would also buy instead of saving in your situation. We took out a loan of a similar amount and would have gotten an interest rate of 2.0% for 10 years without any equity, even though we are both "only" employed. Maybe 10 years of fixed interest is enough for you too, for us it was and is okay. The main reason for me, however, would be: Your children would still benefit from it now.