How long have you been saving equity for your house?

  • Erstellt am 2021-05-03 23:44:32

pagoni2020

2021-05-06 12:31:58
  • #1
Of course! Likewise, you can live affordably near a corporation in Baden-Württemberg and even partially buy. My relative works in Munich and commutes daily for 1 hour directly and wonderfully by train to work; she lives beautifully with a view of the pre-Alps and absolutely affordably. If you don’t book all the features in the system, that’s still possible today. Unfortunately, such things are often perceived as deprivation or unreasonable. My former house was 35 minutes away by car from AUDI etc., yet no one really wanted to live there. Within 25 minutes, prices were already significantly higher... for me, that was a so-called no-brainer back then :D. Today, it’s similar in the metropolitan area, and although the much-cited cheap East, it has become dramatically expensive here. If you remove a few clicks from the overfilled wish list, you can still find feasible options today; I’m currently building one of them.
 

pagoni2020

2021-05-06 13:34:10
  • #2

I now read about ETFs and such things as normal alongside paying for an expensive house. That’s nice, but it could indicate a fundamental change in homeownership if this is possible "on the side" and without problems. This has nothing to do with the envy mentioned by , but rather with the fact that despite an expensive new build, one is allowed to consider such things and simply enjoy and be aware of this pleasant position.

No, you are not, otherwise you would not have written the following:

... something that unfortunately is not always considered "normal" here, that you question your own perception. A forum is only a gain if I also change fixed positions within myself because I recognized the need in myself. Therefore, I find this to be a refreshing statement!

Even if you lived luxuriously based on things, you could still live completely "normal." Unfortunately, this is often measured too much only by economic aspects.

Financially no, the senior service was only represented by maybe 2% in my former profession; today that has also changed. But that doesn’t matter, because I do not judge my neighbor based on his expensive car, but on how he behaves towards me or others. If you have more money, that doesn’t make my situation worse, and if it does, I should work on myself. If you get your field in your sleep or as a gift, that still changes nothing for my life.
Having or living with luxury I do not find reprehensible and I can also enjoy the neighbor’s yacht or the often-cited Ferrari. It only becomes problematic when tendencies toward decadence come into play. But that doesn’t necessarily have to be the case just because someone has more or less money available.
 

Reinhard84.2

2021-05-06 14:52:57
  • #3
Also nice to see how all the high performers are banging their heads against the wall here all morning... Sure, flexible scheduling and all ;)
 

Lotti88

2021-05-06 15:32:28
  • #4
Back to the original topic:

My parents have been divorced for as long as I can remember. On my father's side, everyone has (at least) a house; on my mother's side, everyone lives in rented apartments. My mother had to move with us several times, partly because landlords claimed personal use, partly because the apartments no longer fit or never really fit. That's why the idea of having a house seemed very good from an early age.

I studied and worked on the side, which all took quite a long time (until I was 29). I had a good life as a student, but big leaps were obviously not possible and saving a lot was not feasible either. That's why I set up savings plans with my first job even before the first paycheck (ETFs for retirement, a building savings contract, fun savings, and "serious" savings) and basically still had as much leftover money monthly to splurge as I did during my studies (because that was enough for going out, hobbies, and food; I financed vacations through fun savings, which I had already done as a student). I moved out of the shared apartment at 30 and moved with my boyfriend into an "adult apartment," which immediately meant another chunk of money flowing into other people's pockets every month.

My boyfriend is currently doing his doctorate and earns enough but not enough to save.

The plan was to "someday" build or buy. Someday has arrived faster than expected (I am now 32) because my dad fought for four building plots on his land (previously green land, and after about 3.5 years and thousands of euros for various plans, etc., it was re-designated as building land by the municipal council + building committee). Each daughter receives one of the building plots as a gift – otherwise, we wouldn't be able to build, especially since the bank would not give us a loan (or at least not in the amount needed for land + house here in the area).

I have learned here that we are also among the well earners, but with rent payments in Munich, there is not much left over. Due to Corona, more can be saved than without it, like for most people, but that doesn't make a huge difference. So, without children, we would definitely be in a situation where saving cannot keep up with price increases.

Our equity is therefore the land; but we are not putting any "real money" of our own in (the building savings contract is nowhere near maturity and with 10K€ it’s not even worth starting). By the time the house is finished, we might have maybe 30K€ in cash together, which is nice as an additional buffer or, if we don’t need it, for furnishing or an early repayment, but the bank couldn't care less (so it doesn’t change our installments or interest rates).

Conclusion: Without the land from my dad, we couldn't build or buy. Possibly a condominium would be possible if we go far enough out, but probably only in about 5 years when the building savings contract is matured. We will then use it for the house when the loan term ends or as an early repayment.
 

GeradeSchräg

2021-05-06 15:59:18
  • #5


Two academics without children and barely any savings? How do you plan to save €30K during the construction phase when saving properly isn’t working right now? Two "high earners," low equity, and gifted land definitely must get excellent conditions.
 

Lotti88

2021-05-06 16:20:01
  • #6
By just throwing in as much as we can now and "giving up" many things for a foreseeable time that are not essential but nice. Corona is making it easy for us right now.

I’m not sure if the good conditions are meant to be ironic. In any case, we are satisfied with the conditions so far, better and worse are certainly always possible.
 

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