Finance Single-family house - Feasibility?

2017-10-19 08:22:01

It makes no sense to discuss an 11/1, because by the time the financing is secured after the probation period and the house is finished, you are in the 11/2. And by the time you have settled in, you are in the 11/3. And after 6 years, you automatically have about 1000 gross more in your pocket.

2017-10-19 08:37:16

Hmm, I wonder what the privately insolvent people who took on too much with house construction, and those who had to auction their house to the highest bidder, would say about your opinion? Be glad that it worked out well for you - you deserve that too, but don’t come into a thread where someone is asking IF it can even work with that... Your ++10,000k€, and "just throw the money out" talk not only help the OP 0 ... but are even rather to be seen as negative.

2017-10-19 14:05:24

I always find it remarkable how some people here hoard their money—and are proud of it. As if living frugally were something heroic.

I'll admit it: we had children young and built a house young. With 110% financing. But we wanted to have the garden when we needed it, so when the kids were small. Teens don't need a swing anymore or a sandbox.

As I said—we were young. Now we are older, the children are no longer small, the house is paid off. We earn a five-figure amount (yes, net) per month and still spend almost everything.
Money in the bank doesn't make us happy. Why should we work so much if all we end up with is an account that’s bursting?

I advocate buying everything exactly when you want to have it. Unless you want to be the richest dead person in the cemetery. We are doing very well with this and lead an all-around happy life without constantly watching the account.

Sure, you can spend everything on such an income, but maybe one day the children would be grateful that you didn't blow everything so they could benefit from it.

2017-10-19 17:58:49

To come back to the topic once again.
We could receive an additional €50,000 as equity from my parents.

2017-10-19 18:54:17

To come back to the topic once again. We could receive an additional €50,000 as equity from my parents.

I think you would end up at around €1,030 + incidental costs with a 15-year fixed interest rate, 1.75% interest, and 2% repayment.

Do you have to pay back the €50k then? If so, it would be sensible to mention this at the appointment. €50k is not €10k that one can pay off over the year easily.

2017-10-19 20:05:01

And what was your rate back then?

1200€

Finance Single-family house - Feasibility?

toxicmolotof

WilhelmRo

arnonyme

hokkaido

Zaba12

aero2016