Financing plan for construction projects - Can we manage the installments?

So this constant badmouthing. The man has a reasonable income and his wishes are not too extravagant. I think he earns above average for 33 and is very well educated. If that's not enough to build a detached house in this country, then I don't know either. Of course, 5000 net income and 30 [Beleihung] are better, but unfortunately, that does not reflect reality. He will probably not be able to maintain his standard of living at first, he has to restrict himself in terms of expenses, that is clear. But as described in the previous posts, inflation and the collective wage increase play into his hands. In 10 years, the monthly burden has actually decreased by 20 to 30 % and it will get easier and easier. The risk of interest rate increases is compensated by the increase in real income. There is never absolute certainty, otherwise live your whole life without buying anything and rent, and badmouth construction projects in forums. So believe in yourselves and your future, the prospects have never been better.

What does this have to do with badmouthing? We have only tried to analyze the numbers given to us by the OP. Of course, he earns well and the wishes are not unrealistic. No one has claimed otherwise.

But according to the numbers, it just looks like he would have exactly those €1,400 left over in total, which he presumably needs for the installment. And I seriously ask you, where is the rest supposed to come from? So: How is he supposed to cover the probably higher additional costs? How is he supposed to save an additional €325 monthly, which he needs for the remaining amount of the property in 10 years? And €39,000 is no small change, you first have to have it or save it up. The children will cause higher costs, the youngest is only about one year old, so usually child benefits are still sufficient. How is he supposed to build reserves, or should he take out a loan right away for the first renovations/refurbishments?

If the income rises disproportionately and in two, three or even five years there is significantly more income and the wife earns/can earn more, then that is no problem at all. But currently the bare numbers are what they are and my personal opinion is simply that a financing amount of €356,000 (if that is even enough) with a sustainable income of €4,000 and 2 children is too much. Of course, there is the possibility of saving stiffly in the first years, but how much of that is feasible without feeling like a hostage to the house, only the OP can know. And if he himself is already wondering whether the whole thing works, then one should be able to express one’s own doubts. What he then makes of it is, after all, up to him.

Starting from 1.10, the big restructuring is coming at S - sectors goodbye,... And then it will be exciting to see where and who still has their job,... Better wait for the next few weeks.

: Is such a restructuring sufficient for a redundancy termination? It is a restructuring and not a downsizing, meaning that overall the jobs are preserved. And as already mentioned: if a social plan is created during layoffs, the original poster is in a good position given their family situation.

There is no termination,... Your job is relocated to the USA, or to Munich, and then you have a problem. Of course, you can object (depends on the contract), but if the central offices are closed and rebuilt elsewhere, it basically means "take it or leave it." Social plans or not, if your employer eliminates your position, you will be transferred – and not necessarily at the same location. It's unfortunate if you just bought a house in the province,...

hmm it's going to be a hot topic, how long have you worked for your current employer? 45k equity is not exactly much, you should at least be able to pay the incidental construction costs out of your own pocket, better yet the land...