House buying - No idea what one can afford

... I just barely survived ...

Additional costs for a NEW house. If you think you can manage 2000+ additional costs with your salary. Let's go

He won't get his example s-realtor house for 2000 a month. As of today, you still have to transfer a few euros more to the bank.

And for the same house, if you cover the additional costs from equity to achieve 100% financing, it will take only 34 months to save 1500 per month.

And regardless of what you actually want to buy or build, that is, dear , what you have to start doing immediately. Saving money

By the way, "envy" only arose when came around for the first time after a whole lot of constructive posts, among other things, with the following:

Days of vacation that overall cost about 10k. (Too bad I can't see one or the other face now ) We are spending our money a

Practice shows that someone who has been accustomed to a certain lifestyle for years is not able to permanently break away from this behavior.

And this has nothing to do with envy, but with banking practice.

Envy is when a young family with 2 children and 2400 euros net income + transfer payments finances a 300k house on their own land and then something like this is standing in the garage.



Oh no, I don't even have to be envious.

@toxi

now you're bringing out the heavy artillery nice toy, I'm probably the only guy in the thread who doesn't care about cars. Unfortunately, my wife does ...

But you have accurately captured the point. The re-education has to be wanted. It doesn't happen overnight. People who earn a lot of money but at the same time spend as if it were their last without saving will have a very hard time here. Especially when it comes to large loans and you're no longer talking about 0% consumer credits that can be quickly repaid / refinanced.

Henrik also once wrote something about his wife that he wants to show her. I think the wife is somewhat the driving force behind it. As a banker, I also always have to hit the brakes on costs.

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

You talk as if we couldn’t reduce the debts at all – I don’t understand that.

A completely different topic is the way people here really bash each other in the "everyone-together" mode. I would like to experience that face to face and look everyone in the eye while doing so.

Hey Henrik,

I think the reason why the "people" here go into such detail is because you haven’t yet written the following:
"Ok, so I first have to reduce my debts and preferably also build up some equity equivalent to the ancillary costs (about 30 - 50,000 EUR) before I start building or buying a property"

To me, it seemed here as if you didn’t see it that way and would rather like to start IMMEDIATELY. Personally, that would be way too risky for me, but everyone is different.

In any case, I wish you good luck and success in your further search and considerations. Since one usually doesn’t find a house and/or land from one day to the next anyway, maybe you can have already reduced your debts and built up some equity by then.

Regards
WildThing