New beginning after termination due to personal need

  • Erstellt am 2021-07-12 17:07:31

Acof1978

2021-07-12 20:25:53
  • #1


Your calculation already shows that you won’t be able to finance the house. The existing property (30 km from Hamburg) will cost about €500,000. Additionally, you have to finance over 100%, since there is no equity and you also have to finance the real estate transfer tax. If you find a bank that does it, the interest rate will be at least 2%. That alone makes €10,000 in interest in the first year (simple calculation). With a monthly repayment of €1,100, you repay exactly €3,200 of the loan in the first year. Now calculate how long you will need for full repayment....
 

Scotty6986

2021-07-12 20:27:56
  • #2
That's already in the suburbs, around Bad Oldesloe, Segeberg, etc. In Hamburg, condos are upwards of 500,000 unless they are from 1985.
 

Scotty6986

2021-07-12 20:55:46
  • #3
Just found one in Norderstedt for €312,000, you haven’t even seen this much wreckage combined in Fukushima and Chernobyl. From 1974, never refurbished or renovated, everything is rubble, it would need a complete gut renovation. Except for the foundation walls and concrete ceilings. Including the old open chimney shaft. Bathroom completely rotten, kitchen all torn apart and yellow from smoke. So if you can’t do ABSOLUTELY EVERYTHING yourself here, and happen to have the materials lying around, this thing is ready for demolition.
 

Ysop***

2021-07-12 20:58:46
  • #4
As I said, if necessary you can only afford the "wreckage". You are already going around in circles and you haven't even spoken to the bank yet. So: first the bank and then face the facts.
 

Scotty6986

2021-07-12 21:23:49
  • #5
Good closing remark, where you are right, you are right. =) One is slowly twisting their head.
 

ypg

2021-07-12 22:04:35
  • #6
… has a whopping 103 sqm and a good layout. It is bright and friendly. And the best: the middle class can afford it.
 

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