Is financing a single-family house feasible for us?

At 6,000

We don’t need to sugarcoat it.
If we wanted more money, we would simply work a few more hours.
But I prefer to sit with my children at the pool in the afternoon rather than pick them up from kindergarten with a Porsche.
And I would rather take a two-week vacation in Turkey (setting Corona aside) and enjoy the rest of the year in my own garden than vacation in Hawaii.
But everyone has to make these decisions for themselves.

Neither of us has a doctorate and we also have a net income of 6k. My wife is home no later than 1:30 p.m. (teacher). With €3,000 housing costs, we would have to do without a lot and couldn’t save enough in case something needs to be acquired. These are our experiences.

: I understand you. For us, having our own house is simply a lifelong dream and much more important than many other things. Our party basement is considered unnecessary. But we never go to pubs/clubs/cinemas/restaurants or the like because we prefer to meet with our friends at home. That simply makes more fun for us too. We don't go shopping and not to the hairdresser. I can't understand that people enjoy that. Others apparently can't understand why someone would build a basement. Others also can't understand that for one's own house, one is happy to drive around in an old beat-up car and only go on vacation to Italy. It gets interesting when people are then jealous that others inherit something. Our parents lived just like we do. As children, we were on the beaches in Italy and Croatia and not the Maldives, even though it would have been possible given the income.

: I understand you. For us, owning a house is simply a lifelong dream and much more important than many other things. Our party cellar is considered unnecessary. But we never go to pubs/discos/cinemas/restaurants or similar, because we prefer to meet with our friends at home. That simply brings us more joy. We don’t go shopping and not to the hairdresser. I can’t understand that people enjoy that. Others apparently can’t understand why someone builds a basement. Others also can’t understand that for their own house, people are happy to drive an old clunker and only go on vacation to Italy. It becomes interesting when people get jealous that others inherit something. Our parents lived just like us. As children, we were at the beach in Italy and Croatia, not the Maldives, even though it would have been possible given the income.

Inheritance is entitled to everyone. But I find it at least questionable when the parents take over part of the house payment or, even worse, use their house as collateral. Just because the children otherwise cannot afford the house (luxury good).

At 6,000

We both haven't earned a doctorate and also have a net income of 6k. My wife is home by 1:30 p.m. at the latest (teacher). With €3,000 housing costs, we would have to do without a lot and wouldn't be able to save enough if something needs to be purchased. These are our experiences.

But when does she manage the preparations and corrections?
My sister works only 50% as a high school teacher, picks up the children at 1:30 p.m., and still has to prepare/correct in the evenings and on weekends.

And as for us, we BOTH only work 5 hours and can pick up the children at 1 p.m. That is a luxury, but at the moment we just like it that way. It will change again when the children are older.
Whether we have to restrict ourselves with a 3,000-rate remains to be seen. We only have a fixed 2,000-rate and the rest is flexible. If the house needs to be replaced, then there simply won’t be any special repayments.

We only have a fixed rate of 2000 and the rest is flexible. If the house needs to be replaced, then there is simply no special repayment.

Which by the way is a completely different starting point and would certainly have steered the discussion in a different direction.

A 30% repayment from the income for the house is completely normal! Whether and how special repayments are made will have to be seen in practice.

But when does she manage the preparations and corrections? My sister works only 50% as a high school teacher, picks up the children at 1:30 pm and still has to prepare/correct in the evenings and on weekends. And as for us, we BOTH work only 5 hours and can pick up the children at 1 pm. That is a luxury, but at the moment we just like it that way. It will change again when the children are older. Whether we have to cut back at a 3000 rate remains to be seen. We only have a fixed 2000 rate and the rest is flexible. If the house has to be replaced, then there are simply no special repayments.

My wife is a full-time elementary school teacher and teaches 4 subjects in grades 3 and 4. She is also the class teacher. She also sits for 1-1.5 hours in the evening, but the little one is already asleep by then. With 50% she would not be sufficiently occupied, she says herself.