Assessment of financing scope with 4620 euros net

I think they should be able to manage the 1600 per month. The problem I see more is that with their plan the financing drop isn't feasible with 1600 per month.

Yes, that gives some funny numbers when you try to squeeze a €650,000 loan into a payment of €1600: 1.73% interest over 10 years, 1.2% repayment, loan term over 51 years :D

Yes, that gives quite funny numbers when you want to press a loan of €650,000 into a rate of €1,600: 1.73% interest over 10 years, 1.2% repayment, loan term over 51 years :D

Well, I had naively assumed that you want to have it paid off by retirement. Of course, that doesn’t have to be set in stone, but managing €1,600 a month when you’re retired is going to be tricky.

From my point of view, long settled.

Building a house is 3 sizes too big.

Even a 10-pack of T-shirts for €30 and sandals, summer or winter, doesn't really help. :p

One "needs" a graphics card for €500, while the other prefers to buy shirt/pants/shoes. ;)

but 1600 a month to manage when you are retired will be tricky.

That will be a completely normal rent in 30-40 years if rents continue to rise as they have in recent years (between 3-5%). With an apartment that still costs a comfortable 650 EUR today, thanks to compound interest, it will be 1577 EUR in 2052. So it must be manageable from an average pension.

So sorry, it said Heilbronn and surroundings and not the absolute last milk can of the district, with a commute under 2 km. Yes, I stand by it, a second car (not cars in general) is not necessary. However, giving up comfort probably won't save the situation here anyway.

I also live in the surroundings. Prices - a disaster. I can't understand why the land is so expensive here. Sure...A6, A81, not far from S. But...no ICE, airport almost 70 km away...
In HN you can get plots from private individuals from €800/m2. From the municipality like the OP about €400-500. Simply crazy...

We managed to snag a municipal building plot in a village (18 km from HN). Strict allocation criteria based on social points. No bus, the next S-Bahn 5 km away for..... yippee €320/m2. A real bargain... :mad:

This will be a completely normal rent in 30-40 years if rents continue to rise as they have in recent years (between 3-5%). A flat that currently costs a comfortable 650 EUR will, thanks to compound interest, be 1577 EUR in 2052. So it must be affordable with an average pension.

I think that should be obvious to everyone...