Financing a single-family home beyond retirement?

What for questions again. Only you know your lifestyle! I am also a proponent that one should be done before 60. You can read from the pension statement what you have left at 65-70.

But it wouldn’t matter. My parents raised me and paid for everything for about 20 years. So it was clear to me that if I were to study, I would have to finance it myself. It’s all a matter of upbringing.

That is not a matter of upbringing, but a legal issue. Parents are legally obliged to pay maintenance during studies (as long as they are able to). If they try to avoid this, it is not only morally reprehensible.

I see no problems with financing in retirement age. You would still have to pay rent in retirement age.

this is not a question of upbringing, but a legal one. Parents are legally obligated to pay maintenance during studies (if capable). If they avoid this, it is not only morally reprehensible.

I see no problems with financing in retirement age. You would still have to pay rent in retirement age as well.

Well, it’s not quite that simple, as can be read in the relevant legal explanations or Federal Court rulings. There are also duties of the young person and exclusions as well as counterbalancing benefits etc. Normally you wouldn’t bargain like that with your children, that would be a shame. It’s about the fact that some parents, and I count myself and some others among them, want to create awareness in their offspring that there is always both a right AND a duty. Since I often deal with young parents and young people, I often notice that among the younger generation there is an excessive expectation about what they are entitled to (mostly in pocket money, travel, car, conveniences, etc.). But they also have to do their part, and if after 40 years of working I’m supposed to still have debts so that the children have a happy life, then I personally find that inappropriate. There are countless surveys showing that young people today are often not deployable in working life because they are not used to delivering the required performance. Of course, this does not apply to everyone, but the trend is strongly rising and that is not my opinion but a fact! At the same time, parents tell me what pressure it is for them and that they have to wait another 10 years until they can live their dream (motorhome or something else) so that their studying child has a good life. I find this odd and it ultimately gives the children the idea that they are to blame for their parents not having had a good life. I’m retired and maybe that’s why I have a more differentiated view on this, but maybe I’m also wrong. Young people or young adults today often maintain a standard of living that is above that of our adults and that is often hard to sustain when they have to support themselves. That’s what it’s about alone and definitely not about not supporting the children. And yet, it IS a question of upbringing, absolutely. But there are different philosophies of upbringing and everyone is allowed and should decide that for themselves. oops..... back to building the house.......

this is not a question of upbringing, but a legal one. Parents are legally obligated to pay maintenance during the studies (provided they are able to do so). If they avoid this, it is not only morally reprehensible. I see no problems with financing in retirement age. You would still have to pay rent in retirement age as well.

Of course it is a question of upbringing whether you just give the child everything on a silver platter or show them that you can have a lot, but you have to work for it. I know parents who voluntarily pay for their children's education (speech therapy, physiotherapy) and barely get by themselves. As a child, I would be ashamed and quickly look for a job so that the parents don't have to pay. And if the child then sues the parents (legally he is allowed to), then something went wrong with the upbringing...

I also have a component that, assuming the continuation of the completed financing without any changes, is only paid off when I am 78 years old. I don’t think that’s a great idea and I also plan to work on moving the end date forward. At the very least, the installment should then take on a very manageable amount. The lady from the bank also said at the time that she had "no problem if a small amount remains at retirement."

Regarding support for children in their education, I am also in favor of a healthy balance. However, I do believe the "basics" (housing within a normal range, food, clothing, "pocket money") should be provided by the parents. For desires beyond that (own car, long-distance travel, horse...) the child should then please take care of it themselves and put in the effort for it. In general, of course, different fields of study also require different amounts of time for studying, and therefore also for working part-time, and that must naturally also be taken into account. The classic example is certainly medicine; that’s where it gets hard.

I myself worked almost the entire time during my studies and financed my hobby (own horse) from that. In addition, I found it important or rather my duty not to dawdle and usually finished within the standard period of study.

"At home" we have university and technical college, so plenty of opportunities regarding the choice of subjects. Nevertheless, I will not dictate the place of study to my daughters. Of course, it would be cheaper if they study here and still live at home. On the other hand, with my stepdaughter I saw that it is also very beneficial for the big princesses when they suddenly really have to take care of themselves because no one fills the fridge or puts the laundry clean back in the closet. Time will tell. For my eldest, it will be in seven years and then we will see. I plan for the possibility that I will also need to support her with a good amount of money then. Fortunately, the girls will not study at the same time, but one after the other, and they will also finish well before my retirement (woe betide if not!).

Of course, it's a matter of upbringing whether you push everything on the child or show that you can have a lot, but you also have to work for it. I know parents who voluntarily pay for their children's education (speech therapy, physiotherapy) and barely make ends meet themselves. I would be ashamed as a child and quickly look for a job so that the parents don't have to pay. And if the child then sues the parents (legally he is allowed to), then something went wrong with the upbringing...

People are so different. I would be ashamed as a parent if I did not fulfill my legal duties as a parent. I would rather have had no children than evade my parental responsibilities and leave my children hanging. I see it the same way as - I am responsible for the basic living expenses; for extra desires they are welcome to have a job.