Building a house financially feasible or a pipe dream?

2017-08-03 15:35:59

So far, the banks have easily considered child benefit as income, some even considered parental allowance.

And the banks have always asked how many monthly salaries we have – most only wanted to know the annual net income, and that is 13.5 * €3000 for me...

No idea if this is now different due to the new EU directives. But we were also able to state "foreseeable income" in various discussions. My wife works in elderly care, so she has probably the most secure job that Germany has to offer. For every applicant, there are 3-4 open positions in this country.

2017-08-03 15:45:24

I’m not familiar with this, but why shouldn’t banks include firmly committed 13.5 salaries? Shouldn’t one also consider that the monthly expenses will increase with an extension compared to now? By the way, I find the way you deal with your parents very commendable! But for me, somehow it feels calculated too tightly when you already start factoring in any tariff increases. And yes, being dependent on two salaries ‘for life’ wouldn’t have been an option for us. But this seems to be a personal attitude/decision.

2017-08-03 16:22:06

Child benefit is not income. There are probably banks that presumably include it, but it is not common...

2017-08-03 16:41:33

We are on the waiting list in our community in the new development area. They will be allocated at the end of 2017. As community residents with children, we have very good chances of getting one - we are currently one of 76 applicants for 16 building plots, which, as mentioned, are allocated according to various criteria. According to the building authority manager (whom we know), we will almost certainly receive the allocation - but then we have to decide within 3 months.

In addition, there are still 54 other plots from private individuals to be purchased there - some of which are already listed on various portals today, although they cannot/must not be built on yet.

A plot of land certainly won't be the problem in the coming years. A lot is currently being developed here.

And when such numbers are estimated here, I wonder who actually wants to build there.

I belong to the top 15% in terms of income in Germany with €3,000 net. If I can't afford a new building, where do all these new buildings come from?

May I ask where in Saarland this is? Feel free to also send me a private message.

2017-08-03 16:57:55

Not me, by the way. (little insider)

[emoji85] [emoji23]

2017-08-03 18:28:24

Yes, but again, why shouldn't they include it? It is firmly agreed upon in a collective framework agreement. These are not "voluntary" payments that might not be paid or might be reduced if the company's economic situation worsens.

The payments are a fixed contractual component in the collective framework agreement, in the company agreement, in an operational declaration, and in the individual employment contract.

No one can tamper with that.

It is different with bonus payments, which we have been receiving regularly for 15 years, but which always vary in amount (depending on company performance), and which always come with a letter of thanks stating that no entitlement arises from the payment – even though it is of a regular nature – not even under "customary law."

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Building a house financially feasible or a pipe dream?

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