If you get along so well with your parents, just skip the loan agreement and transfer a monthly amount. Seems to be true that civil servants aren’t really pragmatic
Yep. If you can’t pay your installment and have to rent out the house for that (then actually pay taxes on it), how are you going to pay your rent? And why do you want to keep the house if you can’t use it anyway?
Then there’s the emotional factor. Giving up the house easily is so hard for many that they just keep living there until the new owner comes with an eviction notice after the foreclosure. They don’t even let an appraiser into the house.
It doesn’t have to come to that, but the heart is attached to the house and many simply miss the right time to let go.
Tax officers should be doubly careful about things like this. Difficult subject.
In my mind, the worst case is that one of us dies and the other becomes unfit for service. That means he would have to live off his pension, then of course he couldn’t afford the installment anymore. But somewhere you always have to live (so pay rent too), right?
I think in that case I might actually be pragmatically untypical for a civil servant – if we can no longer afford the house, we have to sell or rent it out and pay the installment from the rent. Nothing helps. And paying off the house would of course have the advantage of tying up capital. Houses aren’t necessarily getting cheaper right now.