House buying - No idea what one can afford

Funny enough, from 5% some perform worse again.

Quick payers make less return.

In addition, I know from my own experience (in the insurance sector) that with automated rule sets, "exotic" borderline cases and beyond are often artificially made more expensive/prevented quasi as protection of the mathematical model. That leads to quite funny phenomena and results.

I find it very presumptuous how the OP is being talked down to here. Everyone has a different life model. Some save, others just spend their money with open hands. The OP has a net income of 6000. He should pay off his loans and if time is tight, just do a 100 percent financing. There is absolutely nothing wrong with that at 6000 net. Organize your financial framework, then you will have your 10k outstanding debts cleared in a maximum of 5 months.

With that salary, you should definitely get good conditions with appropriate repayment.

Why does the 100k equity faction even need a loan? Why don’t you save for another 5 years and buy your house with your own funds?

PS to the OP: I took out a loan with 1.87% at a current salary of 4300 over 15 years fixed interest rate.
20k equity, financed 370k. 2.6 repayment.
I am 28 and married.

Everyone calm down a bit here.

Certainly, the tone is a bit more direct when you read that although debts are being accumulated, within a debt budget of €10,000 you are going on vacation, yet this "I want now" because "we live now," and "we are already in our mid-30s or something with the bloom of our lives" is expressed in the statement. I read "I want" or "we want" about 5 or 6 times.

You acknowledge that you have debts. You yourself notice that there is a psychological barrier to even approaching a bank. So why are you surprised about the participants in this discussion?

and are the opposite of "save first, then buy"

i.e. no focus on saving and paying everything off,

the modern 0%-financing world

we simply live our life

They are just holding a mirror up to you. Unfortunately, they also point out the fact that leasing burns more money, and owning a house means more than this "wanting to have" that again arises from the memory of a vacation.

There are hardly any envy here; most users cannot be impressed with an expensive vacation; on the contrary, it might raise some eyebrows if someone is trying to show off here.

Before your second post, no one accused you. People asked questions and were surprised.

To the matter itself: you do not want to build but want to buy a used property. But it would be from 1964? You have calculated yourself that you need nearly €450,000. Then you have an old house with high additional costs, which is _not_ great. As an owner of a property, you pay property tax and building insurance. Possibly the chimney sweep has to come twice a year, and the heating is old and prone to failure. Small repairs are also not uncommon... In other words: high additional costs. - this applies if renovation still has to wait until "new" money is earned again. After the loans. After the second child? After the next vacation?

You can calculate yourself how much will remain if one salary is lost, if the 2nd/3rd child arrives. What can you then spend on the loan? What can you live on?

I don’t know if you can generally get information from a bank without a specific property being presented?

Yes, certainly. This tip has already been given.

One more thing to say:

how is that supposed to be a somewhat nice life? What about vacation? Clothes? Food???? I sometimes eat lunch for only five euros too, but you can’t do that all the time.

With an appropriate JOB where both do full-time work of well over 50 hours a week, you have to treat yourself to many things that cost money.

You can’t always cook for yourself, you go out to eat, etc.

I also need suits and shoes etc., and those don’t cost just 200 euros off the rack...

So roughly about €4,000 are "fixed" expenses for us.

Most people here have had one goal over many years: to own their own home at some point. That was worth more to most here than a new car every 3 years; you don’t go out to eat after work but maybe make yourself a sandwich, forgo an expensive vacation and save the money in the house savings account. Also, among the users here are workers and craftsmen as well as suit wearers whose spouse/partner does not work but who alone spend their 50 hours or more for their job. But they do that gladly and naturally and don’t complain about "what does life cost" but carefully watch every earned euro and invest it in the house as well as in the current life because they have calculated and saved before. And they still allow themselves a lot of quality of life in addition to the home: the joint barbecue evening with neighbors, the swimming pool, the shared creation of a garden – these are also things that cost money, but they are more substantial.

Personally, I do not believe in going into homeownership too early; I often advocate that. I also don’t believe in unlimited saving. Nevertheless, one should have some foresight for one’s own life. It has never hurt to earn three times what you spend once. That may not now apply to a home but to consumer goods. If you do it differently, as you wrote, then so be it. Everyone should live as they like, but they should not be surprised if something does not work or if one thing is not compatible with another.

In one way, your naivety and bravery to "out" yourself here in the forum is likeable, but on the other hand, I wonder if you somehow have some megalomania in you that is shaped by being an academic? For me, the latter means -> unrealistic. Sorry, but I only know those.

It only bothers me that it takes forever to save tightly first to be debt-free faster,

C’est la vie! You can always still play the lottery.

That's it for me here in the thread. I might still ask specific questions in other subforums, but those certainly won't have anything to do with the topic of financing. It's embarrassing what's going on here, some people should be ashamed. Where would our economy be if there were no people like us? We are a normal small family, both working full-time. Despite having a child, my wife only took a one-year break, after which she immediately returned to full-time work including 24-hour shifts on weekends.

I myself am out of the house for 13 hours every day, not because I have to, but because I want to and I enjoy my job.

You contradict yourselves when you all say that we could easily pay everything off and save money within a short period of time? That's exactly what I said, that a bank sees it that way too? Our outstanding debts are much less significant than in other cases, only a third of the amount.

You speak as if we couldn't pay off the debts at all – I don't understand that.

A completely different topic is the way people really bash each other here in the "everyone-on-one" mode. I'd like to experience that face to face and look everyone in the eye then.

We can gladly meet for a coffee or tea. From academic to academic. Or from client to consultant, or from homeowner to homeowner. Or from medical professional to risk controller. Or, or, or...

You never really address what was said, constantly trying to justify yourself and ignoring many pieces of advice.

And I believe most here are willing to do the same.

You sound as if one should be grateful that you exist, that without you the world economy would collapse. And that this is some kind of special achievement?

Man, oh man, I feel like I'm arguing with my 18-year-old brother-in-law who absolutely wants the key to my garage.

You talk as if we couldn’t pay off the debts at all - I don’t understand that.

No, you don’t understand. Everyone here knows that you can pay off the debts. I wrote: according to your writing, the vacation costs correspond with the debts.

The small difference lies between paying off debts and going on vacation. You did the latter. There’s no need to keep going on about it! Good night