No, you just don’t understand it correctly. Just think about how much a family below the Baukindergeld income limit has left monthly. Requests come up regularly here in the forum. Families in this income bracket can repay a maximum of €1500 per month, and even with a 30-year term, the loan volume resulting from that usually isn’t enough for current land and house prices. That means... I repeat myself: without solid equity, people can’t build. Baukindergeld doesn’t fundamentally change that.
Where should the equity come from, e.g. inheritance, family donations, etc., as I wrote. But that’s not the majority of homebuyers who can rely on such external support.
Nonsense. If we consider a family with two children that is exactly at the income limit (just looking at the basic tax allowance and child allowance, and for simplicity’s sake assume incomes are evenly distributed, which in the end doesn’t really matter. And let them be church members to reflect the worst case. Out of laziness, I use all figures from 2019, which strictly speaking is wrong, but the difference between the years isn’t that big anyway; so let’s just conveniently ignore that). Then each parent is allowed an annual (gross) income of €69,288, which corresponds to a monthly family net income of €6,516.16. Things that basically everyone has like employee flat rate + x, household-related services, etc. are not even considered. Which on the one hand doesn’t make a difference, because you (almost) have to spend everything you can deduct, so you don’t actually have it available, but on the other hand everyone incorporates this number into their experience, and for a sense of more or less, it is indeed included. Whoever nevertheless fails to build equity with this income without outside help and/or pay more than €1500 rate either has a completely different problem or simply different priorities and maybe really shouldn’t think about building. Apart from that, I dispute that this rate is the limit of reasonable buildability (you don’t need 170 sqm with ground source heat pump and Venetian blinds on almost all windows. Really not.) and ultimately there are also existing properties, terraced houses and condominiums.