Can we afford a home?

2020-05-05 12:28:41

Who wants to build a house here, did I miss something?

Could be:

and partly to renovate...
[*] Renovation/ modernization costs: 60000

2020-05-05 12:29:21

I think you should take a honest look at your expense report again.

For example,

Repairs: 40€

can't work. With that, you get the Tüv and new tires for two cars every few years. Then they never see the inside of a workshop.

Saving for new cars?

2020-05-05 13:13:34

Well, almost new cars don't break down...

2020-05-05 13:34:39

A friend of mine received a loan of €250,000 with just €2600 net income. Single at 29 but with around €100k equity and no liabilities.
It was not mentioned here how the incomes are distributed. How can one then conclude that one income is not enough?

Depending on the bank, renovation measures are not fully considered value-enhancing. The difference here is that there is financing of over 100%, and your friend, with all the equity, of course came under 100%.

2020-05-05 13:42:43

Two weeks ago, siblings were still supposed to be paid out:

I have 2 siblings – both already with property, one sister right next door in my mom’s parental home. Both would waive their "mandatory share" in the context of a transfer of the house. After consulting, we would pay out both with 50k each.

and

we are assuming 300k – 350k

Are they now waiving the money?

2020-05-05 13:51:58

Two weeks ago, siblings were still supposed to be paid out: ... Are they now renouncing the money?

If you buy the house from the parents now, you don't have to pay out the siblings. Back then, the house was supposed to be transferred = gifted. And there's no mention of an extension anymore. The plans have clearly changed significantly.

Can we afford a home?

kaho674

KingJulien

Joedreck

Tassimat

Tassimat

Altai