From 0 to 100 in 3 years realistic? | Building obligation

Well, around Stuttgart there is a bit more substance than in Detroit or Wattenscheid, see the cuckoo clock industry for example, a very old branch. Otherwise, one should be able to manage to build a single-family house in three years, the Chinese build entire airports with subway connections.

What does that mean now translated into German?

Sorry, poorly expressed. Everyone prefers to park - if they have the choice - in the light, preferably outside and preferably where there is space instead of in the rather dark garage. Unless it is raining. Then the garage is the preferred place. It is a misconception to think that all the garages being built so enthusiastically would ensure that there are fewer parked cars.

Whereas I do see dangers in Stuttgart as well. The region is quite dependent on the automotive industry, not just Daimler and Porsche but also all the suppliers like Bosch. If things go badly there, significant pressure can definitely be released on the real estate market.

I tend to see IT as a secure industry. The demand for software, maintenance, and quality assurance will absolutely continue to rise in the upcoming time, considering demand, innovation, etc. With the right qualification, you can certainly keep a good job if you put in some effort, like everywhere in life. You can be pessimistic about many things, but you really don’t have to about this industry now.

The IT industry will certainly remain important. But the question is in which form. Right now, everyone is thrilled about 100% remote work. But what can be done from 600 km away can also be done from 6000 km. It doesn’t have to come to that, but I do see a certain risk there. So far, IT is still growing incredibly fast and there is a place for almost everyone. However, that could change in the sense that you have to be significantly better than the cheap competition abroad.
On top of that, things change incredibly fast. What is important knowledge today will be totally out and outdated tomorrow. And 10 years later, it will be in high demand again because all the legacy systems are still decaying *cough* COBOL *cough*

But honestly, what is really going to happen?
1) The property has to be unwound: a shame about the costs, but really not a life drama
2) The relationship ends, the house has to be sold: a shame about the possible loss, but not a life drama.
3) external circumstances change for the worse: house has to be sold, a shame about the possible loss. Debt remains. Either personal bankruptcy or keep paying off and live frugally: bad, but also not a huge drama.

The arrogance here, with which 2- or 3-room apartments are spoken of, is quite telling – as if living in an apartment were an unworthy punishment. For most it is probably not such a nice prospect, but therefore taking one’s own exaggerated ideas, which really are not realistic, as a basis for all kinds of fear scenarios is not so helpful.

The decision from the OP depends on him and his risk tolerance. One person would certainly dare in a comparable situation, another definitely not.

Anyway, the consequences in the worst case are indeed tough, but also not life-determining.

I don’t disagree with you there, especially because I had done something similar as a young person. But after various lows and highs in life, I remember dark times and many sleepless nights alongside all the other drama :eek:. At that time, my house was practically not sellable for a somewhat acceptable price. Those were hard times that could have ended differently. Nobody wanted it for 265k, there were also no well-paying tenants at that time, 15 years later it was snatched out of my hands for a top price. That shaped me, as I used to be quite careless at times. That’s exactly what my point is, in this case to a user who almost lost it here a few weeks ago over a small loan and now casually takes a bigger loan with a smile. Basically, I’m pro-building, I’m doing it repeatedly and therefore I completely understand your approach!

But honestly, what big thing could really happen? 1) The property has to be reversed: a shame about the costs, but really not a life drama 2) Relationship breaks up, house has to be sold: a pity about the possible loss, but not a life drama. 3) The external circumstances change for the worse: house has to be sold, a pity about the possible loss. Debts remain. Either personal bankruptcy or continue paying off and live frugally: bad, but also not a huge drama. The arrogance here, with which 2- or 3-room apartments are spoken about, is telling – as if living in an apartment were an unworthy punishment. For most, it is probably not such a nice idea, but to take one's own exaggerated and really unrealistic ideas as a basis for all kinds of fear scenarios is not very helpful. The decision of the OP depends on him and his risk appetite. One would dare in a comparable situation, another absolutely would not. In any case, the consequences in the worst case are indeed harsh, but not life-deciding.

You sound like the knight from Monty Python,... just a flesh wound. Of course, it is not the end of life, but to gamble like that with family? A school friend was unlucky to have to move out of the single-family house with pool after the father drove the company into the ground. She then lived with her mother and siblings in a three-room apartment. No drama, but contact with the old friends was gone for everyone. And naturally, the children’s hobbies too. Personal bankruptcy with family is no joke.