Depression after notarized contract - experiences

  • Erstellt am 2021-09-02 08:39:37

hauskauf1987

2021-09-27 15:35:17
  • #1
I want to give some feedback since the decision is approaching (loan offer is expiring, the developer will give feedback, unclear in which direction the tendency leans, rather yes) These past days I first let everything sink in, the large amount, the complete change still weigh on me

My equity capital of course does not remain in the overnight money account but in an ETF portfolio. However, in the years before, prices increased by about 10% p.a., we can no longer keep up with our salaries and savings rate. If the price pressure were not there, I could now conscientiously back out and rather wait 2-3 more years until something "comes up" or to possibly have more equity with a lower loan burden. The amount is indeed a burden even though it is irrational. But our housing cost burden doubles, at least(!). I cannot really imagine that there will be another 3 years with increases of 10%, but who could have imagined the prices 10 years ago?

That is what really pisses me off, the PRESSURE, which apparently I am not suited to bear
 

Maschi33

2021-09-27 15:41:42
  • #2
I recently read somewhere that prices have already risen by 10% in the last 6 months (or was it since the beginning of the year...), it’s just crazy what’s going on in the market right now and unfortunately there seems to be no end in sight.
 

hauskauf1987

2021-09-27 15:46:43
  • #3
This is mostly due to raw material prices (steel, wood insulation) The prices will normalize again However, for us, air is already getting thin when it comes to new houses, old houses, and new apartments Maybe we simply earn too little and prices could happily continue to rise? 2% would be okay, but anything over 3-4% eats up the savings rate (saving for nothing). That annoys and frustrates me. Maybe I was really too picky in the previous years, for example 2 years ago a new apartment 102m2 with a small garden in the absolute desired area for 625,000. I laughed then, because at that time houses cost just as much Today I would take it with both hands
 

Pinkiponk

2021-09-27 15:50:33
  • #4

Are there perhaps older relatives/acquaintances who want to downsize and whose apartment/house you could buy? Maybe that would evoke a different feeling in you than a completely "strange" house. Unfortunately, I can't think of anything else. I wish you all the best.
 

hauskauf1987

2021-09-27 15:55:56
  • #5
No, unfortunately not. My grandparents are already older and unfortunately not quite fit anymore. There might possibly be an inheritance or opportunity to build or sell. Otherwise, it's just my parents' connections to the settlement (who is selling, etc.). So far, nothing has come of it. My parents also didn't know about the recent sale because they had no contact with that family. Our current place is simply much more flexible when it comes to mobility, proximity to shopping/daycares and schools.
 

Maschi33

2021-09-27 16:17:21
  • #6
Nope, that applied to existing properties. And anyone who has been watching the market attentively for some time will find the 10% rather too little. At least here in the Rhine-Main area, I would say the 10% is not enough.
 

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