HilfeHilfe
2020-01-13 17:10:54
- #1
It's not about the feedback itself here, it should be as honest and accurate as possible...
It's about the manner and especially about the fact that it feels like 80% here apparently are not able to read posts (but then want to give others tips regarding a possible financing - how is that supposed to work if simply reading posts obviously is already a problem?)
Of course, our plan exclusively accounts for contingencies, that's just how a plan and a future consideration are, it will be the same for anyone else. Every plan is ultimately only as good as it is implemented.
We are also aware that if we do not reduce our consumption, the project is doomed to fail, but fundamentally I don't need feedback here for that, it's about food for thought and possibly people who were in a similar situation and how it went for them.
I also always find it nice that various points are mentioned here multiple times, without really backing them up with facts.
A counter-question to those who say our net income would not be sufficient for a project of this magnitude: What do you consider to be a sufficient net income for this?
I want to make a nice comparison regarding net income:
Currently I have 15 km (one-way) to work, but as of today I have an offer of €3,900 net per month, which however is 95 km (one-way) away.
If I were to accept this offer now, the unanimous opinion here would probably be that we can handle the project without problems, but that this higher income has been bought with a significantly higher effort which would only partially be reflected in the usual expenses would have been overlooked.
So, in detail, hand on heart:
What monthly surplus would you see as reasonable to be able to manage the project?
Maximum 30% of net income for interest / repayment and ancillary costs. But I do not mean the 2% repayment but 3-4%. Let's assume 1.5% interest, 3.5% repayment on €500,000 that is €2,083 plus ancillary costs = €2,500. Then you would have to have €8,300 per month (bonuses averaged out). At 40% [30%?] €6,250 net. But that is after children. Including part-time.