House financially feasible at about 5,000 net?

so the bold plan. I don’t want to tell you that it’s not doable. But from experience, I can tell you that the world looks completely different with children. To put it bluntly, the child decides when you can go back to work full-time. As mentioned at the beginning. From the parameters, it seems to fit you anyway at first glance. I just encourage you to think more carefully about life with a child. For reasons.

Perhaps it would also be an option for her to stay at home only briefly and for the man to take extended parental leave? That’s what’s happening now with my sister (who also has a higher income than her partner); she stays home for 3 months and then the man takes a year off. However, it’s already the fourth child. My wife (also studied law) originally planned to go back to work immediately after the first child. Now, she has been at home for 6 years and child number 3 is already here. She doesn’t want to return to her old job and is considering retraining as an educator because she much prefers crafting with children to sitting in an office.

So it can indeed be true what has already been said here. Children change the view of the world and especially with women, it seems that a lot happens there.

She doesn’t want to go back to her old job and is considering retraining as a kindergarten teacher because she much prefers crafting with children to sitting in an office.

:D :D Sorry, I had to laugh a bit... well, during training you can still "craft" quite a bit. After that, it’s pretty limited. Lots of documentation, working with parents, and so on...

I have heard that from several educators I know (including an ex-girlfriend) as well. Exceptions can be privately run after-school care centers. In addition, after training and maybe a year of experience, she can also become a [Tagesmutter].

Yeah, if there were only the children in kindergarten and school, it would be one of the most rewarding jobs in the world. But the children also have parents... that's where the gratitude quickly ends.

Apart from the uncertainties of planning for children, a household net income of 5k can easily cover 2.5k for the house. The higher the income, the higher the proportional burden for the home can be, since car, electricity, fuel, restaurant, and [REWE] are paid in euros, not as a percentage of income; that means the fixed costs do not increase proportionally. Whether the car eventually becomes a status symbol is up to the individual. To what extent one wants to push this is a personal decision.

Personally, I don't think it's necessary to be done by 55 or 60. What good is that except for the feeling? Therefore, I would not unnecessarily push the repayment to the pain threshold but rather save in parallel. It’s not necessarily about big returns, but about flexibility. What has gone into repayment is gone. But if in 10 years interest rates suddenly become even cheaper, that was not necessary. And if they have risen significantly, I take the savings and use them to repay.

P.S.: Your equity will definitely have to be used up except for an iron reserve. Additional costs usually have to be paid anyway and you should reduce the loan-to-value ratio for a better interest rate, magic thresholds are usually at 90%, 80%, etc., depending on the bank.