GalileoHystery
2024-05-07 22:47:00
- #1
Aloha,
first of all: I am aware that in the end, we can only give ourselves the answer. The purpose of this thread is primarily, from my point of view, to gather other perspectives that we might not have considered ourselves, in order to evaluate our situation.
Here is the situation: we (me 35, her 29 and 2 children) currently live in a rented semi-detached house, 30 years old, rather simple standard, enough space but could be bigger, (for us) almost dream location. The city is currently in the process of preparing a new development area in our district from a planning law perspective, where building plots may become available in the next few years. We are generally satisfied, but with the rent from a private landlord and the ever-present latent risk of an owner-occupier termination, we are of course not completely happy. Therefore, our wish is: if we have the chance to get such a plot (or come across an interesting existing property), we want to be able to decide on the purchase purely based on "do we want it, does it fit us?" and not have to say no from the outset for financial reasons if we would otherwise have liked to try.
Current key data:
Equity about 25k (recently made a gross salary jump of 24k, before that the calculation was much more hand-to-mouth than now)
Household net: 6k currently (tax class 4 with refunds >5k, there is still potential here for special repayments / higher net or reserve)
Rent: 1,250
Savings rate: 1,500
Basically, the plan is now to build capital first and ideally, if something comes up around the corner, to finance it properly with the saved money and the proven possible repayment of at least 2.7k.
Now comes the big but:
As the main earner, I have an, let's say, eventful medical history with Langerhans cell histiocytosis. A disease rare enough to have been the resolution of an episode of Doctor House. I had it at 11, a relapse at 15 and a second relapse at 25. Each time I received (for chemo standards) gentle chemotherapy, so far emerging unscathed. But I was indeed out of commission for 6-8 weeks each time, and no one guarantees that next time it won’t be worse. I was able to take out a term life insurance in favor of my wife after several attempts last year, probably because the inpatient hospital stays were long enough ago now.
Now back to the above scenario. Without the medical history, one can calculate what sums one could finance with 2-3% repayment, depending on how much has already been saved. But how does the health aspect now change the calculation? What questions would you ask yourself, what answers might you already see?
Thanks in advance for your input!
first of all: I am aware that in the end, we can only give ourselves the answer. The purpose of this thread is primarily, from my point of view, to gather other perspectives that we might not have considered ourselves, in order to evaluate our situation.
Here is the situation: we (me 35, her 29 and 2 children) currently live in a rented semi-detached house, 30 years old, rather simple standard, enough space but could be bigger, (for us) almost dream location. The city is currently in the process of preparing a new development area in our district from a planning law perspective, where building plots may become available in the next few years. We are generally satisfied, but with the rent from a private landlord and the ever-present latent risk of an owner-occupier termination, we are of course not completely happy. Therefore, our wish is: if we have the chance to get such a plot (or come across an interesting existing property), we want to be able to decide on the purchase purely based on "do we want it, does it fit us?" and not have to say no from the outset for financial reasons if we would otherwise have liked to try.
Current key data:
Equity about 25k (recently made a gross salary jump of 24k, before that the calculation was much more hand-to-mouth than now)
Household net: 6k currently (tax class 4 with refunds >5k, there is still potential here for special repayments / higher net or reserve)
Rent: 1,250
Savings rate: 1,500
Basically, the plan is now to build capital first and ideally, if something comes up around the corner, to finance it properly with the saved money and the proven possible repayment of at least 2.7k.
Now comes the big but:
As the main earner, I have an, let's say, eventful medical history with Langerhans cell histiocytosis. A disease rare enough to have been the resolution of an episode of Doctor House. I had it at 11, a relapse at 15 and a second relapse at 25. Each time I received (for chemo standards) gentle chemotherapy, so far emerging unscathed. But I was indeed out of commission for 6-8 weeks each time, and no one guarantees that next time it won’t be worse. I was able to take out a term life insurance in favor of my wife after several attempts last year, probably because the inpatient hospital stays were long enough ago now.
Now back to the above scenario. Without the medical history, one can calculate what sums one could finance with 2-3% repayment, depending on how much has already been saved. But how does the health aspect now change the calculation? What questions would you ask yourself, what answers might you already see?
Thanks in advance for your input!