Maximum land costs compulsory auction

300,000 are theoretically doable. But not with the equipment. And also too tight to sleep peacefully. Not much can go wrong during construction.

I flipped back to the beginning again. With around €6000 or so, the savings rate should be higher. That's why I recommend saving. And as the goal: homeownership. This means cutting out: "just living for now," Netflix and co., cats... :rolleyes: Somewhere here the cash is leaking away. Do a proper calculation and record household expenses. Cold rent must be visible. Keep a diary.., Saving €4000 a month results in €48,000 a year.

I flipped back to the beginning again. With just under €6000 or so, the savings rate should be higher. That’s why I recommend saving. And as a goal: own home. This means giving up: “first living,” Netflix and co., cats... :rolleyes: Somehow the cash is leaking away here. Proper calculations and recording household expenses. Cold rent must be visible. Keep a diary.., Saving €4000 per month equals €48000 per year.

€710 private health insurance him and junior €765 cold rent plus electricity plus water plus heating €350 daycare €250 fuel (she currently commutes 900 km per week) €300 retirement provision him €150 retirement provision her €200 insurances disability, accident, car, household, liability €700 food, drugstore, clothing

€3225

I have only been keeping a household book since this month because I noticed it was time for it. Based on that, I have already changed insurances and am also looking for a cheaper private health insurance. But especially the last €700 item I want to track down.

What you can see though: how am I supposed to put aside €4000 per month with €5700 net per month with 3 people?

Thanks to you all first of all. We will keep a closer eye on our finances. I’ll report back here once the auction date has passed.

What kind of pension schemes are these? In the Tvöd, a company pension already applies. Then disability insurance and accident insurance, that's doubled, isn't it? With property at your values, an additional risk is added on top. I think you, like others, need to focus a bit.

What you can see though: how am I supposed to put aside €4000 a month with a net income of €5700 a month for 3 people?

You shouldn't take the forum too seriously sometimes. In the few months I've been here, I've read everything. There have already been people here who supposedly lived for years on the Hartz 4 rate with 2 doctorates and a high salary and 2 kids. According to them, they didn't buy new clothes for years. All of this, just to be able to build the €800,000 semi-detached house.
You just have to imagine that :D

But everyone does as they like. And this is, after all, a house building forum. You have to align your whole life around building a house.
Just like in the HiFi forum, the value of a mid-range car has to be spent on speakers to avoid ear cancer. In the watch forum, the same money absolutely has to go on the wrist...

But you can take it as food for thought and recalculate everything again.
If you can save €2000 (I find that realistic), you already have €25,000 in equity after half a year. Maybe a nice tax refund and annual bonus, and it quickly becomes €30,000.
And that's already a completely different ballpark than €13,000.

It was quite similar for us. Half a year ago, we were still getting slapped down here for not having €100,000 in the bank with our income. We just saved a few more months in parallel with planning, activated some reserves, and now our financing is on solid ground and the house construction will begin as soon as the building application is approved.

The forum is definitely very helpful for getting familiar with the subject matter.

What kind of pension plans are these? With Tvöd you already get a company pension. Then also disability insurance and accident insurance, isn’t that double coverage?
With property at your values, there’s another risk on top. I think you, like others, need to focus a bit.

For him, it’s investment in an ETF savings plan, she saves through Riester and yes, additional pension contributions are deducted from the salary before payout.
And why should disability and accident insurance be double coverage? Those are two different scenarios in which they apply.

You shouldn’t take the forum too seriously sometimes. In the few months I’ve been here, I’ve read it all. There have already been people who supposedly lived for years on the Hartz 4 rate with two doctoral degrees and a fat salary with two kids. According to their own statements, they didn’t buy any new clothes for years. All of this just to then build the 800,000 Euro double house.
You really have to picture that :D

But everyone does as they like. And this is after all a house building forum. You have to align your whole life around building a house here.
Just as in the HiFi forum, the value of a mid-range car has to be invested in speakers to avoid ear cancer. In the watch forum, the same money absolutely has to go on the wrist....

But you can take it as food for thought and recalculate everything.
If you can save 2,000 Euros (I find that realistic), you’ll have 25,000 in equity in half a year. Maybe a nice tax refund and annual bonus and it quickly becomes 30,000.
And that’s a whole different ballgame than 13,000.

It was quite similar for us. Half a year ago we still got scolded here because we didn’t have 100,000 Euros in the account with our income. We simply kept saving a few months in parallel with planning, activated some reserves, and now our financing stands on solid ground and the house building will start as soon as the building application is approved.

The forum is definitely very helpful to get into the subject.

Thanks. I will continue doing that!

There were already people here who supposedly lived for years on the Hartz 4 rate with 2 doctoral degrees and a fat salary with 2 children. According to their own statements, they didn't buy new clothes for years. All of this to then be able to build the 800,000 euro double house. You have to imagine that visually :D But everyone as they like.

Well, everyone as they like!

We have also been able to save 4k out of 5k net for years, which probably amounts to about that Hartz IV rate. And that in our case to build a small house on a small plot. What exactly do you not like about that?

My brother-in-law and his wife both have doctorates as well. Nevertheless, with their over 1 million terraced house with a little garden in the Munich suburbs, they are financially at their limit. What do you think they should do?

Yes, it's frustrating enough that in the Munich area you have to severely restrict yourself even with a degree/PhD in order to be able to acquire something. And by restricting, I mean both lifestyle and expectations for the house.

But would your conclusion be that with a doctorate you are not allowed to buy a house because instead you have to spend it on travel, dining out, and clothes? Fortunately, everyone can decide that for themselves. But then you simply must not be jealous when people like us have saved 200k equity by the age of nearly 30. I am not jealous of the long-distance trips of my friends and certainly much fancier clothes...