Maximum credit limit according to economic journalist Frank Lehmann

Hello

I just heard from the economic journalist Frank Lehmann on Markus Lanz..there is a rule of thumb that the maximum loan amount should not exceed three times the annual net income. Maximum...four times..as the pain limit. But actually three times.

I hadn’t heard that before. Most people are above that, aren’t they? Even with us, it’s tight..

Regards, Steffen

lags badly. Lehmann should deal with his stocks.

we have about 60k net/year, so we should have financed a maximum of 180k-240k

well then^^

what do those who have children and whose net income plummets do? Adjust the loan^^

Well.. maybe we're all just financing too high and don't know it yet?

How is an average-earning family supposed to ever think about owning property then?

Well, what now! In Germany, the average always earns more than everyone you know. Since the average annual income is on average already at €50,000 (although I don't know anyone), 3-4 times that is absolutely no problem.

The problem is just that no one earns the average income. Quite strange

well then! in Germany, the average income is usually higher than anyone you know. since the average annual income is already around €50,000 (even though I don’t know anyone), 3-4 times that is not a problem at all.

the problem is just that nobody earns the average income. quite strange

You don’t know anyone who earns more than €50,000 per year? I hope you mean net income per person.
In my circle of friends, almost everyone earns over €50,000 GROSS per year. And most of them are not academics.

well, what! in Germany the average always earns more than anyone you know. since the average annual income is already around €50,000 (although I don’t know anyone), 3-4 times that is no problem at all.

the problem is just that no one earns the average income. very strange

According to Statista, the average annual labor income per employee in 2015 was EUR 32,643.
For a FTE EUR 4,291 / month = EUR 51,492

Both figures are GROSS.

As a project manager in mechanical engineering, one should actually be above that, right?