House purchase and house construction - What can we afford

2023-12-05 18:14:36

And no, people well over 60 are the exception both in banking and in the automotive sector. Usually, retirement/partial retirement is around 60,

I can only speak for banking, but the days of early retirement are now over there as well. We even rehire those over 60 because there is a shortage of skilled workers (I’m talking about salaries of 100k+). Our company’s average age in sales/credit department is even over 50! Partial retirement has long been a foreign term for almost 1,000 employees. And unfortunately, it looks similar in many other places.

2024-01-31 12:35:15

So, let's continue - we have now slowly started to schedule appointments with tax and financing advisors to gradually dive a little deeper into the topic.

2024-01-31 19:45:27

Our universally popular Federal Chancellor Olaf Scholz speaks of a turning point. I fully agree with that.
What we are actually seeing as a turning point is the deindustrialization of Germany.

Nothing is certain anymore. Whether the state even has money available to keep companies afloat with billions has become very uncertain from my humble perspective. It was unimaginable that a Siemens subsidiary would have to be rescued with state aid.
More will follow.

Severance payments are always a voluntary service of the employer. There is no legal entitlement to them. So, put a checkmark there.
The once proud German automotive industry is on the highway to hell.

Unfortunately, I cannot see a turnaround. We will probably have to accept a massive loss of prosperity as well as images we actually do not want to see. Poverty and misery in Germany.

You are welcome to remember my saying about floor-to-ceiling windows.

You also predicted interest rates of 6, 7, 8 percent in 2023 and 2024. Siemens Energy was not rescued with state money.. Look at the package, you can find it under IR at Siemens, and SE. It is a bundle of measures involving many parties and especially guarantees. Don't just read the headline in Bild.

2024-02-01 08:39:59

Just another completely different question, we are also not sure yet whether we want to build ourselves (including [Fertighaus]) or whether we want an existing property. My personal preference would be land + [Fertighaus], since I have relatively little desire for a renovation marathon. Location-wise we are largely unbound, we just want to stay in the extended commuter belt of the big city (only the direction is fixed). For existing properties, you have quite good sources like [Immoscount] etc., but how does it look with plots of land? It feels like good data sources are rather scarce there / are there any insider tips?

2024-02-01 09:44:08

Are there any insider tips?

Plenty. But as the name suggests, they are secret :cool: Seriously: No, there are no insider tips. Look around online, go to municipalities regarding planned construction areas or remnants from existing areas, ask in neighborhoods of potential locations, look for building gaps (and research the owners), etc.

2024-02-01 10:36:38

Are there any insider tips?

Just last week came the tip, to place a classified ad every 2 weeks in the village paper, or community newsletter. The potential sellers over 80 have no internet with Immoscout, but study their little paper very carefully.

Similar topics
29.09.2009	Prefabricated house, comparison to noise pollution in solid construction	11
22.01.2010	Prefab house vs. solid house - Please urgently need advice!!	29
01.03.2011	Cost of architect services for prefabricated house	13
30.05.2012	Massive house costs KFW 70 - Prefabricated house	65
23.05.2013	Comparison of solid house versus prefabricated house	39
27.02.2013	Turnkey prefabricated house - total price okay?	59
17.09.2017	Prefab House Forum - Complete house possible for 150,000?	29
27.05.2013	Cost estimation: prefabricated house, basement, carport, single garage	10
02.09.2013	Which heating system for prefab houses: air source heat pump, geothermal, solar, photovoltaic	17
29.08.2013	Prefabricated house (wood) vs solid construction (stone on stone)	11
05.07.2013	Solid house or prefabricated house? Which suits us better?	18
23.06.2014	Prefabricated house or solid construction - what is your opinion?	45
25.06.2014	Financial requirements for building a prefabricated house	55
16.09.2014	Ventilation in prefab houses (wood frame with ETICS) also in solid houses?	36
06.09.2014	Siemens or Bosch dishwasher combined with Behälping rail	14
22.11.2016	Installing Siemens dishwasher in Ikea Metod kitchen	58
24.06.2015	IKEA METOD kitchen with Siemens dishwasher	25
14.02.2022	Kitchen consultation granite slab and Siemens appliances?	78
19.07.2023	Siemens Studioline - have I received all the "Monday devices"?	29

House purchase and house construction - What can we afford

KarstenausNRW

Almoedi

schubert79

Almoedi

jens.knoedel

Nida35a