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

  • Erstellt am 2021-04-06 07:06:48

pagoni2020

2021-04-06 17:30:37
  • #1
I’m probably missing something here, but how else could it be calculated or predicted reliably? The current expected life expectancy is always the basis for financing, insurance, etc., and for both men and women it is over 80, with the trend apparently rising. Hm......I don’t quite get it, but then again, I’m blonde.
 

Zaba12

2021-04-06 17:39:06
  • #2
These are all just projections based on historical data. But the mentioned 57% just isn’t correct; otherwise, the current age pyramid would look different than it does. Currently, 6.8% are over 80 years old, and no more. By 2.5%, I meant the men. But all of this is off-topic. Unfortunately, I only had an association with my chain-smoking, organic-eating mother-in-law who I believed would live to 90 and older. Helmut Schmidt was just a statistical outlier due to genetic advantages. But now that’s enough... What does the original poster say about the necessary increase of repayment to a minimum of €3,000?
 

Tolentino

2021-04-06 17:48:57
  • #3
No, that is a different metric. What you have is the projected average life expectancy, I took the absolute number of deaths. The question is how you meant your 2.5% now. If you meant that only 2.5% of the total population is over 80, that might be true (I haven't checked that now), but it has nothing to do with life expectancy. But of course, it's seriously off-topic. We can gladly clarify that via PM...
 

Myrna_Loy

2021-04-06 17:54:01
  • #4
5600 euros per sqm... I'll eat a stork if the kitchen then costs "only" 12,000 euros. That the remaining repayment amount is way too high has already been mentioned.
 

nordanney

2021-04-06 18:24:45
  • #5
So not even an expensive area in D ;-)
 

ypg

2021-04-06 18:27:54
  • #6
Where is it actually written that you must have no obligations until retirement? Yes, it would be comfortable. But someone whose pension will be higher than many people's income can also afford to pay off €200,000 residual financing until 70/75.
If you start late, you just stop a bit less comfortably. Who cares?
This is not to say that I see everything here as being fine.

Personally, I think a lot doesn’t add up. To me, the value of just under a million for a condominium is too high, no matter how big it is.
Then I’m somehow missing the cost breakdown... mobility, etc.
And: am I calculating correctly with just under 2% repayment? Dude, that’s nothing for the loan amount. You have to put everything into it, otherwise it won’t work.
Where does your money even go? The savings rate isn’t that high... sorry, that had to be said.

But: where did the OP actually go?
 

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