Medium-term house construction project with wife and 2-3 children

I have to agree with taschenonkel. Berlin is a bit like exploitation / or the intern generation in the tech sector. Many get by with little pay just to possibly be part of the next Big Thing.

Who wouldn’t dream of being a shareholder in a unicorn...

I had my first job at such a unicorn – until it was slaughtered a few weeks ago and now has only 1/5 of its value left...

However, this is currently changing a lot with internships and low pay in Berlin in the industry. Since I hire people myself, I know the salaries quite well. I know that compared to my former fellow students (both from engineering studies in Berlin and a business administration master's in Scotland) I am currently among the top earners with just over 70k plus bonus. Few earn more. They are only those who became consultants (they then earn 10-15k more and work twice as much) or a few who, thanks to daddy’s help, went into a private equity boutique; they have six-figure incomes.

Hello,

4,000€ net as a manager with professional experience in Berlin is definitely okay. A five-figure bonus is indeed a bit hefty. Of course, this also helps with paying off the loan.

I would now also first focus on the property. From my perspective, everything stands or falls with that. I come from Potsdam and nothing goes for less than 350€/m2 here anymore.

Regards!

Whereas a bonus is usually characterized by its variability (unless one is an investment banker).

I think the income is quite good for someone in their late 20s and besides, it's not the topic at all.

Back to the topic of finances: There are various websites on the internet where you can calculate interest, repayment, etc. I am not allowed to post links, so: Just type "Zinsen berechnen" into Google. On a very similarly named site, you can calculate everything for free and without ads - you can even verify loan offers yourself. Additionally, there is a formula for the maximum amount a property can cost. Also google that once.