Riester repayment loan as a young buck (28)

Hello everyone,
my wife and I are suddenly in a situation where we will buy a plot of land and build a house earlier than expected. Regarding financing, I am not sure if Riester makes sense:

Question 1: Since the purchase is imminent, a Riester home savings contract does not make sense for us, but rather a repayment loan if anything. What worries me is the issue of deferred taxation. Question 2: Do I understand correctly that the subsidy I receive must now be offset from age 28 to 65 with 2% interest per year? That would be roughly the average inflation rate of the last decades. Question 3: Accordingly, that would not be a disadvantage as long as I make appropriate provisions for old age, right?

Here in the forum, you often see that people are not particularly fond of Wohnriester and I wonder why, apart from the somewhat exaggerated complexity.

Thanks in advance!

The paid savings installments, or then repayment, are interest-bearing at 2% per year, not just the subsidy. I consider the deferred taxation to be quite undramatic since the tax rate in old age is significantly lower than during working life. So you reduce your taxable income at the current rate and later pay a much lower tax rate in old age on 1/18 of the housing subsidy balance, provided you retire at 67. Whether and to what extent this is worthwhile must be calculated individually based on your tax assessment and pension information.

Hello,

at the same time, there is currently a second post regarding a Riester home savings contract. I checked Finanztest again yesterday; according to their information, Riester loans are apparently only available from Postbank/DSL and Allianz.

huh? no that can't be true. The Sparkasse in Mainz also offers [Wohnriesterdarlehen], and I didn't even look anywhere else. But it's guaranteed that more banks offer it.

As mentioned, it is stated there, it already exists with several banks but will probably be offered at different interest rates

I can't say anything about the interest rates, we stopped researching the topic of [Wohnriesterdarlehen] quite quickly when we found out that they don't exist as [Forwarddarlehen]. We needed [Forward], so that was ruled out pretty quickly.