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

So people, thanks for your comments. We have decided today against this [ETW] and the attached financing...

At least some feedback :) Thanks to everyone for the informative thread due to the Offtopics.

Hello,

at that age in the industry, you can quickly be out of the game. Although with severance pay, it will hardly cover the remaining debt.

I see it critically given the lifestyle

Then you are not familiar with current purchase prices. In big cities, you start in new buildings at around 4-5,000€ per sqm for decent locations.

In southern Germany, that has long since no longer been the case. From 6000.--€/m² and in sought-after locations and cities up to 10000.--

even if nothing was purchased, something about the large remaining debt at the start of retirement. many older people still have a life insurance policy, Riester or company pension with which larger remaining amounts can also be fully redeemed.

even if nothing was purchased, one more thing about the large remaining debt at retirement start. many older people still have a life insurance, Riester or company pension with which you can also completely pay off larger remaining amounts.

Don't forget that you always have to pay 18% of your company pension to the health insurance. Many thanks to the SPD, by the way, this has been in effect since 2004 and also retroactively for older contracts.