Honestly, I also don’t understand why everyone agreed with Jana, who has a better income (and is younger), that it’s not possible, and here it should be???
Every case is different. Unlike Jana, I believe the thread starter here leads a frugal life and owns a modest house on an inexpensive plot of land. Besides, the family planning is complete. This ensures stable conditions. Nevertheless, a horse is an expensive hobby, and the child is reaching an age where costs will continuously increase. However, I still don’t see how a house for €300,000 would be feasible in this case, especially if it’s supposed to be paid off in 20 years, by retirement age. According to a quick internet calculator, that would be about €1,370 per month in annuity.
saved about €8,000 since June. So together we can save between €1,000 and €1,300 monthly. Rent is quite cheap at €600 (but as I said, we don’t feel comfortable).
Assuming the rent of €600 is the cold rent, it might still work out mathematically, but there is absolutely no buffer left for additional purchases like a kitchen, garden, or everyday things that can break. A vacation would also be nice once in a while.