Is financing feasible? Stuttgart's Speckgürtel

Someone who took out a loan last year could not have known that Corona would come this year.

Yes, that's true. But ignoring the present isn't really smart when it is possible. I'm also not saying to abandon the "project," but at least some calculations should be made. For example, if the partner loses their job and initially only earns money as a cleaner... to exaggerate a bit. Because there is always work. Especially with three to four hundred thousand euros, _I_ would be interested in that.

You have already saved a lot! Do you already have concrete offers for a loan? We took out about the same amount but have a higher income. I still can't imagine taking out more credit for us. But what can you do, those are the prices you have to pay... I have the feeling that not everything is listed on your expenses side when I think of all our ongoing costs. Keep in mind that there may also be new items added with the house.

Yes, that's true. But ignoring the present isn't really smart when it is possible. I'm not saying to cancel the "project," but at least some calculations should be made. For example, if the partner loses their job, initially they only earn money as a cleaning lady... to put it bluntly. Because there is always work. Especially with a 3/4 million euro, _I_ would be interested in that.

You imply that we don't at least do some calculations or deliberately ignore the present. That is by no means the case.
We strive for healthy financing with a realistic risk assessment. We do not assume that one of us permanently loses their job or, even worse. The worst worst case is not covered, that is correct.

I'm not accusing anything. I don't know you. I have generally discussed with other users.

With the big star and its strong works council, you really don't have to worry, even if they want to cut jobs.

People thought the same about Lufthansa at the beginning of the year. Or about Airbus. Or, or, or... And when I look at the business press pages on the topic of cars with stars, not only the word zero increase appears but even wage concessions. What goes up must come down; the cause ultimately doesn’t matter, but eventually there will be a turnaround. Uncertainty simply rises very sharply, and that influences both income and prices. Of course, there will be winners, and with a lot of capital and low interest rates, a lot is always possible, but not so much anymore. With an income of €4000 per person, if one believes the current SOEP, you are pretty far ahead. I propose the thesis that in the near future interest rates can hardly go down any further, salaries will rise little or not at all, and this development will also become noticeable in other prices after some time. Because certainly not all financings and new constructions, like here, are so often sensibly backed by six-figure equity, income €5500+, a civil servant/public sector job, and a high repayment rate plus special repayment.

In the end, one will probably never manage to do it perfectly or completely without risk. Even the safest financing can fail if the person is unlucky and something bad happens to them, so no one here is truly safe. If they take a long time to check, also let others critically examine it, and then decide yes, it will work out for them based on what they have determined for themselves. The absolute worst case is selling the house and starting anew, which is a completely common process nowadays (see divorce rates plus A other scenarios). Yes, and..... you’re not going to be publicly hung in the village for that.