Who actually says that this historically grown, extensively renovated property on a park-like estate is not worth 749k, the real estate agent? Especially for such unique properties, you sometimes find special people. Just advertise once and distribute a few flyers in Munich :D The attempt would be worth it to me :D
At 3% interest, you’re already at 81x instead of 105.
I don’t exactly understand what you mean by that (or how you arrive at 81), but basically, yes, I’m pretty sure many would also say here "don’t do it." Although the question is always a bit whether it’s really because it’s extremely risky or partly because people are still used to different numbers from less than a year ago.
I don’t quite understand what you mean by that (or how you get to 81) but basically, yes, I’m pretty sure many here would also say “don’t do it.” Although the question is always a bit whether it’s really because it would be extremely risky or partly because people are still used to different figures from less than a year ago.
It’s relatively simple. It’s about the financial burden of a home in relation to income depending on the interest rate. If I only have to pay 1% interest, I can pay off more or finance more than at 3% interest. Abstractly speaking, imagine the interest rate was 10%, how would anyone pay off 100 times their monthly net income? If I can afford 525k at 1% interest, it’s correspondingly less at 3% interest with the same annuity, so this X-income factor is nonsense. For any investment, financing costs are also deducted, as they represent liabilities. Since for me a new building as an investment property is difficult to calculate profitability at 3% interest and the market risks are high in relation to 3, I bought photovoltaic modules for 200k, for example. So I hope photovoltaic modules become more expensive and that I come out above the market with my invested money including installation as an example.