Financing at the house bank - Offer evaluation

If you had read the thread here carefully, you would have noticed that I advocated for fewer square meters and advised not to turn all the dials to the right ;)

What is complete nonsense, however, is:
Not building because Audi might possibly go bankrupt. We are facing a gigantic transformation, away from fossil energy, towards an age of renewable energy and AI. I claim that 30% of today's jobs will no longer exist in 20 years.
Good education and the desire to work. If you have that, you don't need to worry.

But anyone who believes they can rot away in the office at the company for the next 20 years... That won't work, I agree with you there. Not all car manufacturers will survive and steel production here won't last much longer either because it will no longer be profitable.

It's not about whether company x or Y goes bankrupt. Sber

It's not about whether company X or Y goes bankrupt. But to put it briefly: as a high earner, you can make yourself a slave to an even higher loan. Then you live just as much with financial worries as the low earner and can't just say goodbye to the boss tomorrow if you no longer like it. You are trapped. All of this for an oversized house. Or you can use the higher salary to gain more independence, which can be used in many ways. Whether as a provision for bad times, for family time, or other consumption. But for that, you have to keep fixed costs (and that includes a loan) low. The variable costs can be chosen flexibly.

In the end, living with a high loan as a high earner is no different from a low earner who is forced to live on the edge with their financing. Constantly stressed and pushed to the limit. Only the low earner had no other choice, and at least during the low interest period, the rent was not higher than the pure interest burden. Whether I can't pay the rent in a worst-case scenario and therefore lose my apartment, or lose my own house, was not so decisive anymore. In the best case, however, I have a paid-off house and years of benefit. The risk-reward ratio is therefore completely different than for a high earner who, for reasons of prestige or whatever, treats themselves to a sixth room that is only used once every blue moon.

But yes: in the end, it is a question of individual preferences. I don't want to be a Cassandra here either. I just have the feeling that many high earners are often not aware that they have more to lose financially. The current financial situation is not guaranteed forever, and unlike the low earner, there is significantly more room to fall. In my opinion, you can hardly go wrong with lower fixed costs.

The topic of saying goodbye to the boss tomorrow has disappeared with the day one starts a family. At the latest when there is a child, you just don’t do that. No matter what kind of financing or whether renting.

One must be clear that currently it simply doesn't work with less than 2,000 rate per month. And the assumption that a high earner falls deeply. Why shouldn't I currently find a new job as a drive engineer in field service?

It is called German Angst abroad. Germans are afraid of everything.

But here you also have to keep things in perspective. 4.3k is certainly a good income, but nothing world-shattering. Such salaries are certainly not paid exclusively at the OEM.

Moreover, if you are not necessarily developing combustion engines, you also don't have to worry too much at Audi.