Is financing feasible? Stuttgart's Speckgürtel

What speaks against a 710,000 euro loan....

My thought would be: In the current unclear economic situation, I would wait first before tying myself to a loan of 710,000 euros. And half of the income depends on the automotive industry, which is undergoing a fundamental change. The risk has to be acceptable, but there is always something.

It really depends on where you work. If you are with a struggling medium-sized company that produces exhaust turbochargers for the automotive industry, then it will probably be difficult in the next few years. Currently significantly lower orders due to Corona and in the long term eventually no longer necessary. With the big star and its strong works council, you don’t have to worry much, even if they want to cut jobs. But as you said, there is always something. I would assess the current and foreseeable near future risk and then decide. Someone who took out a loan last year couldn’t have predicted that Corona would come this year.

Plot approx. 350 sqm, house approx. 150 sqm

We are currently planning about 190 sqm house on the same plot size.

in the Stuttgart metropolitan area

Where exactly? At least the area?

The automotive job is in the field of electronics, at a very large supplier.

I meant where you are building... North/East/South/West, how far from the center, etc?

I meant where you are building...north/east/south/west, how far from the center, etc?

North, 15 km