Is financing feasible? Stuttgart's Speckgürtel

Different users give their opinions here. Therefore, financing is rated differently from time to time. Surprise, surprise.

I always find the thread progress in the financing topics much more interesting, as the original poster asks for opinions and then often defends the supporters' side over time and labels all others as "chicken" etc. I often look like this -> . In the end, you can also just forget the whole thing.

Basically, a short fundamental check from HilfeHilfe&Co is enough. The rest is senseless babbling between users with different risk profiles.

The rest is pointless babbling between users with different risk profiles.

True. The first handful of answers still specifically address the question. After that, it turns into philosophizing.

Thank you for the answers so far. The jobs are separate: 1x automotive industry and 1x mechanical engineering industry (no connections to the automotive industry).

We both also grew up in rural areas, so the total amount seems high to us as well. The monthly installment resulting from it does not make us nervous, however...

Quickly about the motivation again: Our goal is to invest soon because we do not want to move again after child 1 starts school. We cannot stay permanently in our current rented semi-detached house.

Aren’t you paid according to IG Metall? These salaries seem extremely high to me for your age in this industry. That is the absolute top of the pay scale at an OEM.

I don’t know if I’m sizing you up correctly, but are you the type who still tend to have rather student-like spending behavior? No matter if there are 800 euros, 2000 euros, or later 4000 euros per person landing in the account per month, somehow you don’t really know what you’re missing or what you should spend more money on. Except for the car for commuting, of course.

If that applies, you will be able to make substantial extra repayments during the time of double full-time (or full-time plus 30 hours part-time) earning. And you should do that. Or are you more the consumption type? Then think very carefully about the high loan amount.

I can only speak from myself, a somewhat higher net income than you in total and my wife also earns a bit part-time, and honestly, before the house I didn’t even know what to do with the monthly money. Except whenever the checking account “filled up” buying stocks or partly putting it into non-interest-bearing fixed deposits. And the extra repayment can then pretty much become as high as the monthly installment once you have built up a few reserves for things like an unplanned car purchase.

And , such amounts are definitely possible in IG Metall BW and some even start immediately at the highest pay grade with the right qualification. Not unusual.

The building will always be sold at this price.

450,000€ with 4,500€ income was often assumed to be impossible, 700,000€ with 7,000€ income is more fitting here

At some point, all the basic expenses are paid, the hobby, the second car, the third vacation... Who do you think has more left over, the family with 4,500 net or the one with 7,000?

Who do you think has more left over, the family with 4500 net or the one with 7000?

It's all a question of consumption tendency. Those who are not too eager to consume have quite a lot left over each month with 7k without having to restrict themselves much. Those who shop on Amazon more often than they brush their teeth rather do not...