House construction project with terrible credit rating and almost zero equity capital :-)

2019-12-11 08:27:04

Nonsense. I am also nice to the cleaning lady or to the colleagues in the cafeteria.

I can't stand this social pretense anymore. What's wrong with saying it doesn't fit financially? Should one rather say nicely, no offense, everything's rosy, it will be fine.

OK, they realized that there were debts and they were paid off. But they have to prove that this is sustainable, and with this income, it simply doesn't work.

Where is the problem? Is the truth now antisocial?

Foster children or not. Just because one has foster children doesn't mean you have to throw cotton balls at someone.

There is absolutely nothing against that. You also don't have to write condolences or any such stuff.

Aren't you checked by the youth welfare office or similar authorities?

Such nonsense has a bad aftertaste but is irrelevant here.

2019-12-11 08:51:48

I can't stand this social posturing anymore. What's wrong with saying it doesn't fit financially? Should one rather say nicely, no hard feelings, everything's rosy, it'll be fine.

No, you absolutely should say that! We agree on that. I wasn't referring to the statement that it currently makes no sense to think about buying a house, but rather to how the thread starter was approached here. It's all about tone, and just because one is financially and from their own perspective perhaps also socially better off, doesn't mean you have to put others down. Factual answers would have been enough. Respect for others, in my view, has nothing to do with social posturing; I am aware that not everyone can have everything and that not everyone has the same conditions. But just because one supposedly sits higher on the ladder, one doesn't have to kick downwards.

2019-12-11 09:11:55

Won't you be checked by the youth welfare office or similar authorities?

Such nonsense has a dubious aftertaste but is irrelevant here.

Sorry, with foster children I meant foster children (unrelated) and not one's own.

In our village there was a family who had a huge house and 5 foster children. The mother lived solely off that.

I find 90 square meters rather borderline for so many people. Whether own or unrelated foster children

2019-12-11 09:53:02

In our village there was a family that had a huge house and 5 foster children. The mother lived off that alone.

So what? As if that weren’t work. As if she could still pursue another (full-time) job with 5 foster children. Besides, you don’t know where she gets her money from, maybe the house was inherited or something else. You only see the house and the 5 foster children, so does that make her a fraud? The alternative would probably be more expensive accommodation in a facility, not to mention the effects on the children involved. The problem only arises when the financial support doesn’t reach the children.

I think the difficulty with these “Can I afford this” threads is that life realities can vary widely. For example, we already had the discussion about cars and the costs to be deducted for them. One person thinks there’s no way to have two cars per month under €1000, another prefers to ride a bike. A huge difference in household budgeting. One person is happy to sacrifice a lot for a house, another for great vacations, cars, or clothes. Just because it doesn’t fit your own standards doesn’t mean it can’t fit somewhere else. Security needs are different too. For the OP here, it will simply be unavoidable. He can hardly live in an apartment with 5 kids, some of whom are in need of care. In the next few years, he will buy a house, come what may. Even if it’s a fixer-upper, because there’s nothing to rent anyway. Too small, too expensive, not suitable for the special needs of the children, reservations against large families, credit rating, ... many things add up.

2019-12-11 18:18:00

So what? As if that’s not work. As if she could still hold another (full-time) job with 5 foster children. Besides, you don’t know where she gets her money from—maybe the house was inherited or something else. You only see the house and the 5 foster children, so you think she’s a fraud?
The alternative would probably be a more expensive placement in an institution, not to mention the impact on the children involved.
It only becomes problematic when the financial support doesn’t reach the children.

I think the difficulty with these “Can I afford this” threads is that life realities can be very different. For example, we’ve already had the discussion about cars and the costs that need to be deducted for them. One person says you can’t have two cars for under €1000 per month; another prefers to ride a bike. In the household budget, that’s a huge difference. One person is happy to sacrifice a lot for a house, another for amazing vacations, cars, or clothes. Just because it doesn’t fit your own standards doesn’t mean it can’t fit someone else’s.
Security needs also vary.
For the OP here, it will simply be without alternative. He can hardly live in an apartment with 5 kids, some of whom require care. He will buy a house in the coming years, come what may. Even if it’s a fixer-upper, because there’s nothing to rent anyway. Too small, too expensive, not suitable for the special needs of the children, prejudices against large families, credit checks, ... a lot comes into play.

Who’s talking about fraud? Of course, it’s full-time care. But they lived beyond their means in far too cramped a space.

2019-12-11 19:21:56

Unfortunately, it is not clear where you want to build. However, I also believe that you should still wait and save for the coming years. Take a look at #35 and #43 from and . They have summarized it well and are also objective. But even in the unpleasant responses there is a lot of truth. Although you were warned about accusations for yourself, it does not say anything about what you think of such harsh words. Read them through! And consider whether, as a banker, you would lend someone like you several hundred thousand euros. Would you! Because without equity and with a salary of 3.3 you do not get much and not enough for building a house.

Care allowance will not be recognized by banks as disposable income for property financing, the rest is accounted for in the flat rates for living expenses.

I don’t know that from here at all. There is a person who has probably suffered more than one stroke of fate. Tries to give his family a better life and here it is said one should try contraception?

Yes! We are so sh**** here. Again and again, often and constantly, there are real friends here who put the direct truth on the table without beating around the bush. If you come with the whiny tactic and the stick method, some do not understand that a NO is hidden behind the sugarcoated criticism.

House construction project with terrible credit rating and almost zero equity capital :-)

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