Cost of a single-family house, where is the market heading?

2016-01-20 23:35:33

If an income disappears, then probably over 70% of all new construction projects will go under the hammer.

How else should it work.

In some locations, the land costs around 200,000 euros and the little house including accessories another 350,000 euros. That makes a total of over 550,000 euros. Who has that? Who can finance it alone?

What do we learn from this? Always keep the beloved one happy

That's probably how it looks. It’s also more a question of which income disappears. If my income is gone, it's over after max. 2 years (that's the reserve for that). My wife could work 3 times as much and it still wouldn't be enough for us. Unfortunately, this is due to the loan amount of 500k.

2016-01-20 23:41:49

That's how it looks. It's more a question of which income disappears. If my income is missing, after max. 2 years (that's what the reserve is for) it's over. My wife could work 3 times more and it still wouldn't be enough for us. Unfortunately, this is due to the loan amount of 500k.

....or the wrong parents-in-law

2016-01-21 00:04:07

I guess I have to buy some flowers tomorrow after all

2016-01-21 01:46:02

....or the wrong parents-in-law

My apprenticeship master always said, you can’t do anything about your parents but you can about your parents-in-law.

2016-01-21 06:35:44

Why does a bank finance a €50,000 buffer even though this does not appear in any offer?

The bank finances (only) if the loan-to-value ratio and creditworthiness fit (both must match each other). After the financing is completed, it will only disburse if the borrower proves that the previously promised value has also been achieved (construction progress report, photos ...).

So it depends on the individual case whether the bank co-finances the "€50,000 buffer" or not.

2016-01-21 08:28:28

My apprentice master always said, you can’t do anything about your parents but you can about your parents-in-law.

A similar saying was used by my former coworker (with wealthy parents-in-law) as well:

You can’t choose your wife, only your parents-in-law.

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Cost of a single-family house, where is the market heading?

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