Home financing feasible or pipe dream?

  • Erstellt am 2015-09-22 18:51:17
B

Bln84

2015-09-22 21:17:35
  • #1
Hello, many wise sentences and comments that you write there. Yes, it would be our first shared apartment/house and I can imagine a life with her in the long term, but I still find it risky to finance the first shared place right away with a very high loan. My girlfriend thinks a bit differently. Why first move into a 4-room apartment for example and pay 1000€ rent, only to move again in 5 years when maybe the second child comes and then possibly into a house. Before that, you will have already paid 1000*12*5 rent. Those are my girlfriend's thoughts. I will continue to save as before and then see what time brings.
 
Y

ypg

2015-09-22 21:24:29
  • #2


Oh dear, have you locked her up??



Let me explain my sentence a bit: Certainly nowadays you don’t have to live together if you don’t want to. But the desire to build a nest together should probably start somewhat casually in a rental apartment, so you can find your way together. The savings rate will then automatically increase because you are working towards a common goal. This is not the case for those living apart, as one takes or can take personal freedoms. Since neither of you prides yourselves on saving, you probably lack exactly what I am describing. Building a house together is not just a project, but a building block of a community – you don’t have that community yet.

Regards Yvonne
 
M

Musketier

2015-09-23 07:07:33
  • #3
We also lived in separate households for several years due to jobs or studies. Having a shared apartment is still a huge difference. Then there’s the famous everyday life. Best example: One person has a cleaning and tidying obsession and the other likes to leave things lying around. In separate apartments, you accept the partner’s quirks; in a shared apartment, that has conflict potential. It’s the same with several topics, and only then does it become clear whether the relationship can withstand it.
 
B

Bln84

2015-09-23 07:37:47
  • #4
Good morning, these are all very correct assumptions from you and I see it the same way. We are already doing a "trial living," where I am with her or she is with me about 5 days a week. That is currently a bit difficult because although we live in Berlin, we are separated by about 25 km as the crow flies, and the commute times to work always increase significantly for one of us. One question about the savings rate. My girlfriend bought her car for about €15,000 about 2 years ago and currently has about €20,000 saved. That seems not too little to me for 2.5 years in working life. I have been working for 3.5 years and have about €30,000 in savings with daily allowance, stocks, precious metals with about €700 less monthly income. What do you consider a high savings rate? I try to spend about 1/3 on rent with additional rental costs, 1/3 on savings for retirement, daily allowance etc., and 1/3 on food in the canteen, shopping, sports, leisure, etc.
 
M

Musketier

2015-09-23 07:55:10
  • #5
Especially at the beginning of a career, the savings rate is rather low. In addition to the lower income, there are initially all the basic purchases (furniture, car), possibly repayment of BAföG, etc. Then there might be the wedding. For us, after moving in together, the equity grew relatively quickly. However, we never based it on percentages.

Simply question the expenses for their meaningfulness, and occasionally review long-term contracts, subscriptions, and insurance for necessity and the amount of the charges. Then the equity will increase by itself. You all definitely have the corresponding income for building a house. And there is also potential for salary increases.
 
H

HilfeHilfe

2015-09-23 08:08:55
  • #6


Hello,

that sounds like neither half nor whole. Either all or nothing. Sorry if I keep harping on that. I actually find the financial situation super. Of course, it probably won’t be a detached house but a townhouse or a condominium with a garden share. You also have saving potential (e.g., the 2 unnecessary apartments).

What I find shocking is that you do this "trial living." Why not fully? If you go into ownership, then presumably one of you—you—will have the disadvantage of a longer commute to work.

The same goes for the retreat space. In ONE apartment you have to be able to get along in the long run. In this model, one person always has a retreat. The same goes for furnishing the apartment. Who says that if you go into ownership right away, one person will furnish it and the other will like it immediately?

So here I see a very, very high potential for conflict. No one really wants or should leave their comfort zone.
 

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