How much equity should be kept as an emergency fund?

  • Erstellt am 2020-02-27 19:47:32

WingVII

2020-02-27 22:17:44
  • #1

so many posts and probably still haven't read the classic...
 

guckuck2

2020-02-28 06:52:23
  • #2


Just read what you are linking.
There are 13 causes listed there. Cross out those that no longer apply here due to the housing construction by a developer.
What remains then, as I wrote, are Musterung and inventory.
 

HilfeHilfe

2020-02-28 07:40:59
  • #3
If you can hold equity, it is real luxury. If money is left over, then make special repayments.
 

WingVII

2020-02-28 09:11:41
  • #4

But that is no reason to exclude additional costs from the outset. There are plenty of cases and statistics online that declare this a myth.
 

Bookstar

2020-02-28 09:14:05
  • #5
I wouldn't do that with these interest rates.
 

guckuck2

2020-02-28 10:47:19
  • #6


That was not done either, neither by me nor by any other user in this thread.
I’ll break it down again:

1. wrong basis of calculation
-> not applicable to developers, except for upgrades and inventory.

2. incomplete calculation of incidental construction costs
-> incidental construction costs are the builder’s risk, see 1.

3. the surprising topic of earthworks
-> see 2.

4. inaccurate detailed planning of special equipment
-> that applies, keyword upgrades after contract conclusion (better sanitary fittings, more electrical installations, are probably the classics)

5. uncalculated price increases
-> see 1., might have some effect if floor coverings are not included or become more expensive (-> upgrades)

6. “you only build once!”
-> upgrades, although here it is rather about too large a volume, unnecessary basement, granny flat, etc., which is also excluded with a developer apartment

7. “a house without a walk-in shower is social housing”
-> upgrades

8. incorrect own contributions
-> practically impossible with developers, possibly with flooring and painting work, provided these are not also included

9. wrong calculation of own contributions
-> see 8

10. “we’ll do that later bit by bit!”
-> developer, property is handed over finished including parking spaces and usually also outdoor facilities. Own garden probably not available, unless it is the ground floor apartment

11. “we’ll pay that from our current salaries”
-> see 10

12. construction delay
-> yes, can also happen with developers, belongs as a buffer in the financing costs (commitment interest, possibly double rent)

13. including non-existent money
-> does not belong on the list "why it gets more expensive than expected" at all, but is a misjudgment of the available financial resources
 

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