House purchase / financing possibly feasible?

Everyone has their hobbies, one smokes for €450, another buys sneakers for €450 monthly, and so on... In the end, you have to decide for yourself what is more valuable to you. FirebladeRR is old enough and has disclosed everything. Feasible with the numbers at the bank. The rest he has to decide for himself... only if I had the choice between a house (quality of living) or my expensive hobby (sauna clubs, smoking, shoes, or whatever) I would know what I would take. But everyone is different.

That's true, that's why I also have nice dividend-strong tobacco stocks - I know the learning resistance from my parents too. Instead of arguing - benefiting - I haven't regretted it since.

Regardless of the fact that, quite objectively, it is about a HOBBY (value-neutral) that may cost 450€ per month...

- The rate relative to net income corresponds to a ratio often assumed here to be healthy at under 30%.
- You have very little equity on hand, for which there may be valid reasons. Can you exclude that this will happen again in the future, otherwise you are deceiving yourselves with the savings rate (answer this question to yourself in detail, here yes or no is more than sufficient).
- How high is the current rent without utilities and with utilities?
The purchase price of the house, assuming it is near the current apartment, suggests a relatively low average rent. Am I right?
You are currently saving 800-1000€ per month; once the house is there with a rate of 1100€ plus ancillary costs, it should still be 600-1000€. This means, conversely, that you currently pay at least 900€ cold rent? Is that correct? If not, your calculated savings rate will shrink again by the difference amount after financing.

Dear FirebladeRR,
we also bought a terraced house 7 years ago. We paid only 2/3 of your price, of course the interest rate was a bit worse back then (also for 20 years), but household income and desired installments were identical.
Regarding your utility bill, I can reassure you, it is really done honestly, many people lie to themselves about that. I’ve attached ours for you. Four people, 2.5 floors plus basement.
Heating is more expensive because of maintenance for the combined heat and power plant in the neighborhood. Administration for common areas.
You have to honestly decide if you trust yourselves with it. For us, it was clear that salaries for both would rise significantly in the coming years and we live in a city with great public transport connection. Everyone rides a bike to work/school. The car is more a luxury and used for summer and winter vacations, otherwise it sits a lot and causes little cost. (We once had none for two months, no problem either).
PS: Maybe check in the evenings or on weekends how the neighbors are like. I would have moved out immediately at one or two houses in our neighborhood. Don’t underestimate the closeness and lack of anonymity!

Wow, residual waste still so cheap?

Price is the same as last year. 120l household waste, 120l organic waste, biweekly collection.