How long have you been saving equity for your house?

2021-05-06 09:27:51

So, last night I waded through the many pages of this thread and to sum it up for me:

Who has the highest monthly savings rate and with that the highest equity?

Exclusion criteria:
- You have to have earned everything yourself! What? Received land and money gifts from parents/grandparents? Sorry, you’re totally out...
- If you didn’t work hard enough during your studies and didn’t work at least 20 hours/week on the side, you’re out too...
- Teachers aren’t allowed to participate at all here, they just get everything gifted...
- You have a car? Then hopefully it’s older than 10 years or at most a small car, preferably you only have bicycles here, that gives extra points... SUV owners are immediately excluded.
- Vacation? No way, you have a house with a garden, that’s vacation enough, just buy a sleeping mat and lie down in the garden. In exceptional cases, you can also go camping with it. That really is the height of luxury...
- Otherwise, owners of an iPhone 11 or newer and owners of a Rolex are excluded.
- Furthermore, those who call themselves “normal” with a net income of €80,000 are not welcome here...

Sorry for my sarcasm, but the culture of envy here in Germany is simply unbearable. By the way, I’m out again, since “unfortunately” I meet almost all of the exclusion criteria.

Sorry, but I rarely read so much nonsense. None of the points you mention has even remotely been brought up by anyone here in this thread. Anyone who has €80,000 net per year and is still jealous of material things, like the neighbor’s bigger car, clearly has bigger problems :-)

2021-05-06 09:47:23

and ultimately all the beautiful life planning can be destroyed by a divorce or a sudden death. I see this happening all around in my circle of acquaintances. After 20 years of marriage, a level of saturation is probably reached for many, making further cohabitation impossible.

2021-05-06 10:03:54

Well, for example in Bavaria, you're at least 20k for the cold rent. Then additional costs, another 2.5k. From the 80k, that leaves 67.5k. Then living expenses for 2 people per month about 2k, that's another 24k gone. Leaves 43.5k remaining. Then subtract cars, vacations, and hobbies, another 13.5k. Leaves 30k remaining.

Roughly like that. So you can save about 30k per year. After 8 to 10 years, you've saved up for a building plot in the village.

You "rant" about the prices in Bavaria in almost every one of your posts. Better name your living area, because otherwise one could really believe you pay 20,000€ cold rent per year everywhere in Bavaria.

I myself come from the Augsburg area and pay 8,500€ cold rent per year for 80m2 and built in 2014. (excl. 1,700€ additional costs)
And no, that wasn’t a mega bargain... I hardly know anyone who spends more on rent, except acquaintances in Munich.

Regards

2021-05-06 10:10:14

Sorry, but I have rarely read so much nonsense. The points you list have not been mentioned even remotely by anyone here in this topic. Anyone who earns €80,000 net per year and is still jealous of material things, like the neighbor's bigger car, has somewhat bigger problems :)

You didn't understand it...:rolleyes:

2021-05-06 10:13:31

You "denounce" the prices in Bavaria in almost every one of your posts. Better name your area of residence, because otherwise one might really believe that you pay 20,000€ cold rent per year everywhere in Bavaria.

I myself come from the Augsburg area and pay 8,500€ cold rent per year for 80m² and building year 2014. (excl. 1,700€ additional costs)
And no, that was not a mega bargain... I hardly know anyone who spends more on rent, except acquaintances in Munich.

Regards

I myself am not from Bavaria but from the Stuttgart area. But I have many acquaintances from Bavaria and therefore know the area well. The regions I am referring to are the automotive locations within a 150km radius. For example, Munich, Ingolstadt, Landshut, Regensburg.

There, apartments 80 m² cost about 1,000 euros rent, semi-detached houses about 1,600 euros rent, and single-family houses about 2,200 euros rent. All cold rents. But even at these prices you have to search for a long time and be lucky to get something reasonable.

Augsburg is actually significantly cheaper.

2021-05-06 10:23:41

The

Apartments 80 m² approx. 1000 euros rent

But it is already like that in Berlin in inner-city districts and new buildings. At least with new rentals.
Sure, there are still the very old existing rents that are significantly cheaper, but as soon as such an apartment comes onto the market new and is not privately passed on under the table to the fourth new tenant, it is immediately twice or three times as expensive on the market...

How long have you been saving equity for your house?

Acof1978

Myrna_Loy

Schwabe93

Marit

Bookstar

Tolentino