Situation in the real estate market... madness

Always this milkmaid's calculation. You cannot compare the monthly rent with a loan payment. It's like apples and oranges... Who pays for your broken heating or the repair of the roof in your own home? That is just one of the many reasons why a comparison is flawed. Unfortunately, most people tend to think too little and too simply. In this case: what do I pay monthly as a fixed cost for my apartment?

Who pays for your broken heating system or the repair of the roof in your own home?

You yourself through the repayments made = forced savings. This is usually much more than a tenant would save. That's why retirees with property are generally better off than perpetual tenants.
By the way, this is not just a barroom cliché, but proven. So I prefer to pay for a major repair every 20 years or so and thereby avoid rent increases and have a better life in old age.

With an ETW, however, you still have the expensive second rent. Somehow, you end up paying for it anyway. Also, you first have to be creditworthy at all. Paying rent works well with self-employed income, but getting a loan is not necessarily guaranteed, and so on and so forth. We are not discussing this for the first time.

I have received everything I need from my mom! There was nothing financial involved. Instead, life experiences that I would never ever want to miss. Multiple emigrations without significant personal capital to the most diverse countries were the most valuable gift my mother could give me.

Financially, I then built everything up on my own. I have actively provoked my luck so far and then made use of it.

For me personally, it always depends on a person’s journey and what they have been through. Not where they are. Because starting a stone rolling is much more difficult than keeping a stone that is already rolling in motion.

If you inherit capital and make something out of it, that’s great. I’m happy for everyone. But to put that person “higher” because, for example, they inherited a house on Sylt, than someone who, coming from a single-parent household with four siblings and a migration background living in a 3-room apartment in a rough area of Duisburg, has managed to get to a clean 2-room rental apartment with a completed vocational training, is nonsense in my opinion.

Of course, no one here ranks anyone over anyone else. All users here are quite fair and impartial. But I think most still know what I mean...

On the topic:

The market right now is simply disproportionate.
Some friends want to buy at the moment and occasionally ask me for my opinion. Then they are shocked that I advise everyone, under normal circumstances, not to buy a home for over 300k.
But that is my own honest opinion, and they asked for it.

I was recently at an older gentleman’s condominium because I was viewing a car with a friend. This gentleman paid off his apartment over 35 years and now has to pay 340 EUR monthly housing fees. He has the ground-floor apartment, which, according to him, is the largest of all (about 90 sqm). However, he still had a different idea of how it would be. The other owners often decide differently than he would like, but he is just outnumbered with his opinion.
Somehow also unfortunate! Paying off a place for 35 years and then still paying 340 EUR monthly housing fees to “improve”/“repair”/“replace” things you actually don’t want to.
My conclusion: IF an apartment, then only for rent. But that question no longer arises for me. Thank God!

Unfortunately, most people tend to think too little and too simply.

Actually, I wanted to quote the part about the broken heating system, but I find this quote even better.

Nevertheless, I want to come back to the broken heating system. In a new building, you have an extremely limited repair risk for the first 5 years, as it is within the warranty period. After that, the property is of course sold again. At this point, I am personally very glad that nowadays there are so many people who tend to think too little and too simply, because otherwise it would probably be much harder to use the current market situation to one's own advantage. The model I suggested naturally does not work if you end up with botched construction work or have to move frequently, but in most other scenarios, you certainly have a five-digit financial advantage compared to renting.

On the topic:

The market right now is simply disproportionate.
Some friends want to buy at the moment and occasionally ask me for my opinion. Then they are shocked that I advise everyone, under normal circumstances, against buying a home for over 300k.
But this is my own honest opinion and they asked for it.

How do you come to this very bizarre value and why do you base it only on that?