Bart0815
2015-10-09 10:10:55
- #1
Hello everyone,
this is my first post in the forum. A brief introduction: I am 30 years old, my net income is €1650, my building savings balance is €15,000. The net income should increase within a year, as I am still studying part-time and have already been offered a position after graduation. Now I am considering possibly buying a house together with my parents and co-financing it in this way. My parents would add almost €150,000 as equity. To repay the monthly installments, I would use part of my income as well as my parents' rent payments. This is also because my parents currently still rent, but the apartment is quite expensive at almost €800 warm. In my opinion, it's simply not worth the money. For the monthly repayment rate, I had thought of about €800 (€400 from me/€400 from my parents). The houses that fit this price range are around €250,000. Does this sound realistic to you? Or should I consider other things?
Thank you very much and have a nice weekend.
Best regards Christian
this is my first post in the forum. A brief introduction: I am 30 years old, my net income is €1650, my building savings balance is €15,000. The net income should increase within a year, as I am still studying part-time and have already been offered a position after graduation. Now I am considering possibly buying a house together with my parents and co-financing it in this way. My parents would add almost €150,000 as equity. To repay the monthly installments, I would use part of my income as well as my parents' rent payments. This is also because my parents currently still rent, but the apartment is quite expensive at almost €800 warm. In my opinion, it's simply not worth the money. For the monthly repayment rate, I had thought of about €800 (€400 from me/€400 from my parents). The houses that fit this price range are around €250,000. Does this sound realistic to you? Or should I consider other things?
Thank you very much and have a nice weekend.
Best regards Christian