Desirable property affordable? Experiences?

  • Erstellt am 2023-01-23 10:28:06

kati1337

2023-02-06 19:06:36
  • #1
Based on previous response patterns, I believe the two accounts belong together. Perhaps the two partners, or a secondary account. But both respond from the first-person perspective on this topic.
 

Traumhaus31

2023-02-06 19:12:38
  • #2


Correct, just realized that I was logged in on the laptop with my better half's shared account for which I no longer had the password recently. Sorry for the confusion.
 

WilderSueden

2023-02-06 20:34:39
  • #3

Whereas with existing properties there is already something there. Maybe not necessarily nice and to your liking, but you can see that beforehand. In new buildings, it’s just a training ground and the costs really add up. In addition, the outdoor facilities can also be nicely calculated when you feel that everything just keeps getting more expensive. I admit to that as well.

I see the big risks with existing properties more in the house itself. Renovations can also be nicely calculated, with all the things you can still do later. But you will still be diligently paying off your loan in 5 years and won't be able to save huge amounts on the side.
 

kati1337

2023-02-06 20:44:38
  • #4

We also had 1000m² (rural) in the outdoor area with the new building, not 300, and when you have mud around the house and you always carry it in with your shoes, you look for ways to somehow squeeze out a bit of money for paving or at least gravel.
And even then, you don’t want to look at the dirt outside the windows forever, so we massively underestimated the outdoor area during the first build.


I think so too.
From the beginning (and this is probably our tightest financial time, as we will soon have another parental leave with lower income), we have the loan payment, then we save a monthly amount as "house reserves" – in the first years, it is not that high as long as I’m still on parental leave, and it also has to cover things like car repairs or a new washing machine. A general "maintenance contribution". Then we invest the same amount of money monthly in a broadly diversified ETF as "residual debt buffer" – we hope for a solid long-term return (time in the market) to have as little residual debt as possible after the fixed interest period. And we also save a monthly amount to improve retirement. This one is currently not that high either.
We also save a small monthly amount for the children – nothing world-changing, but just a bit of starting capital for adulthood, for the driver’s license and a small car, it should be enough.

Our incomes still have room to grow, but so do our savings contributions. Both for retirement and for the maintenance of the house, we want to save larger sums in the future. Because the house will not stay new forever, and at some point, bigger expenses will come (new roof, new heating, etc). And then our children will also get older and accordingly need more money from the household net – food, clothing, pocket money, wishes.
So I somehow don’t see the illusion that I could save huge amounts on the side (beyond the things mentioned), and we don’t have such a high rate in relation to household income.
 

xMisterDx

2023-02-06 21:10:07
  • #5


Well. Having 100,000 EUR stashed away at 31 is already good. I didn’t have that... He must have studied, would have finished at the earliest at 24/25, and then hardly started with 4,000 net. And as a young person, you want to enjoy life a little...

I also see no point in saving, because you are saving against crazy amounts. If inflation is only 2%, that's already 12,000 EUR on 600,000 EUR. And prices will not drop significantly, simply because there is demand. We have a housing shortage in the sought-after locations. What use is a place in the Upper Palatinate or in the Ore Mountains if I can’t find a well-paid job there...
 

klaf333

2023-02-06 21:34:37
  • #6
So with us, everything also depends on the woman's income...

Sometimes you have to take a risk..
If necessary, it will be sold and the equity is gone.
 

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