Help with buying an apartment in Munich

100k for an apartment in Munich is nothing. What does the square meter cost? 6000? How much credit is needed there? 600k for what in a good location?

The idea is and remains bad and countless people try to find the same non-existent bargain. 29x annual gross income. My limit would be 12x... otherwise stock market!

But you only read what you want to read? I understand your answers, and know what they are supposed to aim at... But I don’t read anything about _in_ Munich, I read numbers of 100000 or apartment purchase around 250000. Wherever: if there are target groups for the apartment there, it works exactly the same way.

At least where I am: having money in the six-figure range, taking out a small loan and letting it work through the cold rent.

About numbers in and around M – no idea, I like to stay out of it :)

Regards, Yvonne

I think if you plan to use the place (your parents renting it to you). You minimize the equity investment (limited to incidental costs), reduce the interest rate by leveraging the existing property. You don’t let yourself be sold any junk, it could still make sense...

I don’t read anything about _in_ Munich, I read numbers of 100,000 or apartment purchase around 250,000.

Just take a look at the thread title ;)

Just take a look at the thread title ;)

Whether it's in Munich or on the outskirts doesn't matter. 100k is nothing there.

Of course, if it's 100km away... somewhere in the countryside....oh, let's forget it :) The whole topic is and remains silly..

Firstly, the return on equity before taxes should exceed 5%, otherwise after taxes and maintenanceRüla nothing remains compared to the Ing-Diba fixed deposit. Secondly, speculation on value appreciation is for fantasists. Where it is trendy now, it is expensive. The cream is already gone. You have to find what is still undervalued. I don't know Munich, I would look in Hamburg, where it looks dirty and industrially dirty, but on the Elbe, harbor. So Wilhelmsburg, Harburg, Stillhorn or similar. Where no one wants to live yet, where scrap Harry loads scrap metal onto ships or the ladies offer themselves to truck drivers, but where ideally the first modern performers with their more colorful lifestyles have already taken root. When the first doner kebab shop turns into an Italian restaurant, it takes off, then you should have already bought. Karsten

Really? You think so? ...:confused: Thank you very much, I actually thought more about tips and a little help instead of you making fun of it. Especially to find out whether all the considerations make sense, I posted it here. I am also aware that this is not a new idea, etc., so I don't quite understand your irony...

You'll get to know that when you frequent here more often ;-)