Good offer for a young family? Buy yes or no

Now just leave the OP alone. That no longer matters here.

but she still gets up at 7 every day, gets our son ready for kindergarten, etc.

Then you could also have breakfast at home. But I know how it is with early shifts, mornings are always so tight, just enough time to shower and brush teeth, no time for breakfast – and getting up earlier is actually not an option. :( Then there's only the expensive bread roll fairy at work.

also think about the pension, if financing lasts until retirement there isn't much left to provide privately, your wife will at most receive the basic pension. Can you still keep the house then, or enjoy the pension? Traveling for example?

But I think paid-off property ownership – whether a condo or a house – is the best retirement provision ever. You always have a roof over your head, so you only need to pay ancillary costs, groceries, etc. What’s left over can be spent on "wine, women and song." And in case of emergency for a nursing home or something, you can still sell the place – it certainly won’t lose value. Regards, Olli

Oh guys, the writing style of the thread creator is certainly a bit casual, but otherwise everything is normal. I’m also a big fan of interpreting something into it, but here it all still sounds quite normal.

I think paid homeownership - whether a condominium or a house - is the best retirement provision ever.

Yeah yeah, tell that to the old people with low pensions who have to bear the CO2 tax on oil in uninsulated houses in the coming years. Houses tend to be too big once the kids have moved out and the ancillary costs keep rising. That also applies to the thread creator with the installed oil heating for the next 5 years.

It’s only the best retirement provision if you sell it as soon as things get tight. In reality, many houses owned by old people are renovation cases, even if the realtor still wants to market them as being in good condition.

Here the thread creator is really lucky that the mostly vacant house is in top condition.

But I think paid homeownership - whether a condominium or a house - is the best retirement provision ever. You always have a roof over your head, so you only need to cover additional costs, groceries, etc. Whatever is left can be spent on "wine, women, and song." And in an emergency, for a nursing home or something, you can still sell the place – it certainly won't lose value.

I always find that a bit naive. The house was built in 2000, in 30 years the windows and such will be at least 50 years old. Additional costs alone are rarely enough; just consider the increase in electricity prices over the last 20 years.

I don't want to talk them out of it, but there are changes in the future that one should think about. And if after all that they still think, we want that, then go ahead, because it is definitely a bargain for the location.

Hi,
well, I hadn’t listed any reserves.
Of course, the house / condominium must be maintained.
Or also modernized (heating, windows, etc.).
If nothing is done for 30, 40 years, then of course it won’t be okay.

Our (rented) house is now 22 years old and I have already invested quite a bit over the years.
By the way, since the house has been rented out, it has become more expensive; when we still lived in it ourselves, many things were done cheaper as do-it-yourself.
Now you order a craftsman for every little thing. :(

But the current market value today is approximately what I paid back then in DM in EURO. :)
Olli

In reality, many houses owned by elderly people are in need of renovation, even if the real estate agent still tries to market them as being in well-maintained condition.

When I think about the houses from the 70s that I looked at... they were exactly the kind of case where repairs were only made when the heating broke down. Everything else was run down. Still, they sold for €400,000 in less than a week. The market is simply crazy right now.

But the current market value today is roughly the amount in EURO that I paid back then in DM. :)

It reminds me of the conversation with my parents over Christmas about the house. They bought the little house in the early 80s and would now get almost double the amount despite the currency halving. That is significantly more than they invested in total over 40 years, and in the meantime, every room in the house has been renovated at least once.