Is building a house realistic for us?

To be honest, I don't know anyone who has ever experienced an acute financial emergency due to house financing. But I do know people who only work to pay for their house because things don't always go as planned. The better and more comprehensive your coverage is, BU / supplementary pensions etc., the higher the monthly burden for the insurance packages and the less money remains for the installment.

[QUOTE="HilfeHilfe, post: 292101, member: 17717"]I don’t wish anyone to get financial difficulties, but I warn against such “Hurra” postings. For many, the potential on the income side is exhausted and this only increases by normal salary raises and is affected by inflation. I find it presumptuous when you all don’t even have a loan history yet and don’t even talk about feasibility after full disbursement. With 3 children and this burden, you have to cut back. There’s no way for a 10-day Mallorca trip during summer holidays. Renewing the car every 4 years, etc. We have an income of 6k Excl., child benefit with a remaining sum of 200k. Now we’re going to Bali for 3 weeks as a family of four. A colleague with the same income (I assume) bought in Frankfurt. It had to be a semi-detached house for 650k. No vacation for 3 years, I think she’s close to breaking. So always stay realistic

So it’s getting funny now, how do you actually know what loan history I or others have? One thing I can say is that since 2003 I have owned property and also managed it, I have already fully paid off twice in my short life and also refinanced, I find it presumptuous of you to make such posts without knowing the facts!

By the way, this year we were on Menorca for 3 weeks with 2 children! That wasn’t the only vacation....

Replacing a car every 4 years, I don’t think that’s a proper standard either, we bought our car when it was 4 years old with 32,000 km on it, for us like a new car.

Building with a 6000 euro salary is absolutely realistic. This is my opinion.....
You can have a different one. By the way, I only joined in here because we have similar situations, land, principal amount, etc. I think a comparison is quite appropriate.

One also has to keep things in perspective.

It’s also completely fine if it would be too tight for you. For my part, I’m more relaxed about the amount as such, as well as the loan term. I myself have a loan with a 30 year term!

Regards

My post originally referred to the participant who is in the same starting situation and still under construction.

Are you talking about me? Yes, we are still under construction, but at the moment I can still sleep peacefully and don't see where the restrictions are supposed to come from. From next year we will pay 800 EUR/month loan installment, which is only slightly more than our current cold rent. You can manage that with one income (we even requested this specifically from the bank, in case someone drops out due to children or a longer illness) Vacations are currently being reduced more because of a toddler and house construction stress than financial distress. By the way, I drove my old car for 9 years, I don't need a new one every 4 years.