Realistic or daydream? (Buying property without equity)

10 years fixed interest period? But after that, there is still a huge item left called remaining debt! Caution, caution, you don't want to pass on any debt.

I would also recommend buying based on gut feeling. You have to look at it this way: it can take quite some time until you find a house that really fits. During that time, you have to save diligently so that maybe one or two more thousand come together. Back then, we had 20k in equity to show. Even with that, we would have gotten the loan. Fortunately, my parents added something to that.

If you are thinking about around 10 years of fixed interest, then also consider how you want to cover the remaining debt. We did it that way too because the interest rates were simply too good. However, we attached a home savings plan that secures the interest rates for us in case of emergency, but that also creates a high monthly burden.

Every 2-3 weeks always the same question, no equity because of studies - wedding or world trip, but wanting a huge pile of money.. I do expect a certain amount of reason from adult educated people.

Why isn’t an apartment enough?

I remember a case on Peter Zwegert "or whatever his name is" where a couple had to file for bankruptcy despite 5000 euros net income... 2 cell phones, cars on credit, a huge house, insurances, etc...

Once again about the rent... Current warm rent is 1000 euros/month, no savings, but the necessary total burden after the purchase will be around (magnitude) 2000 euros/month (repayment, interest, additional costs). So, now let's calculate backwards: in addition to today's rent (1000 euros), in the future 1000 euros per month will have to be raised. Today, that gets lost somewhere*. So you have to look at what you can and want to give up in order to manage the purchase. Or: First, the wife increases her work hours, the additional net income is deposited 1:1 into a daily allowance account. After six months, you check the account balance there.

Note: The overall wealth planning could also be put to the test. I don't know about civil servants, but for everyone else I would ask how private retirement provision looks like. That should not be answered lightly with "the house is the provision." You have "nothing" -- apart from the very good secure income and the pension entitlement -- and now want to put "everything" into a house. At least that should have been thought through.

*Disclaimer: I do not see this as a reproach and do not want to read any justification. I don't care. But from my point of view, this is the critical question in this financing.

I would buy too. Why not? Income is secured with A13 until retirement. If you already have a property in mind that definitely fits, then go to the bank... And as long as you don't have the property, it means saving. Maybe your dream house will find you in a year. During that time you can save €20,000. If you want to decide otherwise, then take out a high-value Bausparvertrag that secures your interest rates. They won't go down further, maybe they will rise. I have been continuously observing the real estate market since 2010 and prices have always been oriented to the interest rates so far. But I would specifically ask the bank what would be possible. And if it is a "serious" bank, it will also act somewhat in your interest, because it also doesn't want you to no longer be able to afford the installment and the place goes into foreclosure etc.

Good morning everyone. Just spent half the night thinking

As I have described before, we are still living under a very "fair" old rental contract. The problem with our current apartment is that in the long run it really becomes too small. Of course, these are luxury problems.

Apartments larger than 100sqm are practically non-existent here. Terraced houses, houses, semi-detached houses for rent with living spaces of 130-140sqm (which we want) currently cost 1200 - 1300€ cold. The market is also very limited here because demand is very high.
One does consider, with such rents, why not buy. Because this rent would be incurred anyway, we will not live in our current apartment for another 5 years.

And yes, I am also one of those who inquire without equity etc. I am not ashamed of it either. Our income is quite good, with room for improvement (with me), so why shouldn't one have certain wishes or set goals. People are just different. Everyone has different attitudes, I don't know why one is accused of having to show "more sense" as an adult. I would claim that I am actually a sensible guy, even if I don’t fit the pattern of having 20% equity.

On the topic of provision: Well, when it comes to retirement, it is of course different. My wife can expect a pension later. I, as an employee, have statutory pension + Riester (for 12 years now) + company pension scheme (also for 12 years now). I don’t want to change much about that for the time being if a property were to be added.

From the parents' side, we can each expect a house later, which has to be shared with 2 siblings each.