As I said, no year of manufacture was stated. It will be older than 5 years, but in my world that is still quite new.Somehow it doesn't fit together. New to me is 1....3......Max 5 years. Nobody would put in an oiler anymore.
Then report where you can find the place...As I said, there was no year of manufacture. It must be older than 5 years, but in my world that is still quite new
It remains questionable for me. I don’t know how old you are now. But you can relatively easily enter the invested equity plus maintenance costs into a compound interest calculator so that you get a rough overview of the capital then available. I recently did that for myself on the side in another thread and came up with over €400k in assets. That is also correspondingly liquid. Of course, I left out all kinds of factors such as inflation, possible compensation, etc. Therefore, I do NOT believe that you come off much better as a homeowner IF you consistently save and invest in comparison. YES, an investment in well-being. But often, financially, it’s nicely calculated.That really depends. Our rental apartment had almost the same square meter size as our own home. There we paid about €1100 including additional costs. Now we have a €1200 installment plus additional costs (I cannot yet give an exact average value). Without special repayments, we will be finished with the loan when I am in my mid-50s. We will presumably still live quite a while then, and if we do not make special repayments, quite a bit should be saved up by then, which can flow into maintenance or maybe will have flowed in gradually. If we make special repayments, we would be finished correspondingly earlier, leaving more years without installment payments at the end. Depending on how old I get and how rent would develop, it is definitely worthwhile in our case.
The IF in your statement is the crux. All studies and investigations prove this. But all studies and investigations also say that this is only theory and is done only in individual cases. All other tenants just spend their money. It's quite simple, but it has enormous consequences for old age – there is no wealth for retirement.I therefore do NOT believe that homeowners come off so much better IF consistently saved and invested in comparison. YES, an investment in well-being. But often financially nicely calculated.