Is financing feasible? New condominium construction 930,000 with equity 170,000

If on the one hand one says - and that is everyone's good right - that one only makes firm decisions at a mature age (child at 42 and condominium then at 47), then one must also live with the consequences. Meaning: Pay off more! As you correctly recognized, you still have 200-300k outstanding debt at retirement. That would be way too much for me and I also don't know if banks will go along with that.

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As you rightly recognized, you will still have 200-300k of remaining debt when you retire. That would be far too much for me, and I also don’t know if banks will agree to that.

If necessary, the house will then have to be sold.

If necessary, the house must then be sold.

....which does not necessarily have to be an emergency, since the living conditions will have changed by then. When you are retired, you do not necessarily have to live so centrally or in the metropolitan area anymore. Also noticed:

Telephone, internet, mobile: 35€

Is that actually for all THREE people combined and will it remain like that?

Insurance costs: 330 €

...are also not exactly low and will be even higher with a house I also think that the school costs and the subsequent expected follow-up costs of such an education will always be high. One can decide that way for oneself but maybe then only one thing is possible and the other maybe not. You have a really great income and still end up in such a forced situation.....that would be nothing for me, also with regard to the approaching age! There will probably have to be some fundamental cutback......

[*]What income do you have
Total net 9,000 €


[*]How much equity do you have?
Equity 215,000 €

May I gently ask why you only have 215,000 € in equity with an income of 9,000 €? You’ve probably always worked full-time, right? I’m really just interested in your lifestyle. If you currently have about 1,200 € rent, then you currently have 7,800 € left over.

Are you the Porsche-leasing drivers, the world travelers who go twice a year – or what does it look like?

If so, all good – but then the planned purchase of the condominium won’t really work out. 7k euros of special repayment per year with 9k income per month is kind of a joke..

Hmm, some would say that especially in old age you want to live centrally. But by now, there are also several "old ages." 70-80 is certainly a much more active time for many, especially those who are currently in their 40s, than it was 30-40 years ago. It may be that (partial) paid work will still be necessary, it may be that one has a lot of free time in which one also wants to do things. Living in the city is then definitely an advantage. At 80-90, one probably starts to choose their senior residence. Depending on mental state and facilities, it can then also be located in the middle of nowhere...

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Depending on one's state of mind and equipment, it can also be located out in the sticks...

Not if the relatives want to visit with reasonable effort ... ;)