New rate twice as high - experiences

So you are already at 50% of the net income and want to go even higher?
I would stop, it would be too risky for me. Especially since the increase in the cost of living will really hit next year. As an employee, you will initially lose out...

OK, I don't understand:
Already 50%? Where?
Are we going over that? Where?
As an employee I lose? So, self-employed people will do better?

Please explain.

How do you come up with the rate? You write about a loan amount of 270k over 15 years. Even with full repayment, I don't get over 2k. 2400€ per month would be too much for me with that income, but of course it is possible. 4.35% is not a good interest rate. It's a very good loan-to-value ratio, so under 4% should definitely be possible.

How do you come up with the rate?
You are talking about a loan amount of 270k over 15 years.
Even with full repayment, I don’t get over 2k.
2400€ per month would be too much for me with that income, but of course it’s possible.
4.35% is not a good interest rate. That’s a very good loan-to-value ratio, so under 4% should definitely be possible.

I suspect the condo being sold does bring in 500k, of which 190k is surplus, but presumably there are still debts on it.
These will be settled when the condo is sold, but the difference must also be taken as a loan again for the single-family house.

Edit:
A little earlier it also said:

Maybe a bit more specifically:

Condo is sold for 500,000€.

310,000€ are still outstanding there. They are transferred as a pledge swap to the house.
There it is 1026€ at 1.5%
In addition, there is the instalment of just under 1380€ for the new 270,000€ at 4.35%

So, thanks for your messages :)

and For me, switching definitely pays off regarding the mentioned items. The following costs are eliminated: - General electricity - Cleaning (stairwell etc.) - Winter service - Forestry fee - Garage door maintenance - Account management fees - Administration costs We're talking about ~1600€ per year that disappear. Of course, some items on the house cost a bit more as a result. Still, it costs me less overall.

The condominium is in a 4-unit building with 3 owners. So no big investment can be shared among 12 or 20 or even more people. Heating by 3 or 1 is naturally a difference but not so drastic that I would go broke because of it. Especially since I can fall back on friends/acquaintances here. With the condominium, everything would have to be strictly according to regulations and invoices. That's it on this topic :)

Maybe you missed the rest? found it :)

In terms of ratio, that is the bare installment to income, we are minimally worse off than in recent years with the first condo and the current one. My salary only made a big jump in 01/21. But the ratio will turn around in the coming years as well. As already asked by . Salaries continue to steadily rise. - Mid 23, 74€ more because my company bike ends - Early 24, 60€ more because my wife's company bike ends - Wife currently only works 20 hours. Will go back to around 30/35 hours mid-term - Wife’s salary is according to tariff, there is 1-3% more every year - I also get on average 1.5% per year plus an extraordinary salary negotiation is scheduled for 2024. It was already agreed that after 3 years, there would be a raise. - The approx. 4500€ annual bonuses (vacation and Christmas pay) are nowhere included but are a "buffer"

But again, many thanks, especially to the somewhat more critical opinions :) Basically, everything matches my thoughts. Of course, it’s a somewhat tight model. But not a high-risk model. At least in my eyes. See the mentioned points above :)

nothing at all comes up in the first 10 years in a new single-family house

You always talk about new construction in your argument. That is not the case here. I believe the OP did not say how old the house is.

House needs renovation. Bathrooms, floors, kitchen, terrace, a few windows.

But I also find the comparison of ancillary costs condominium vs. single-family house somewhat euphemistic. Even if I personally agree with you on many points.
But a simple "Costs for gardener, winter service etc. all go away. You do everything yourself!" is often not realistic.
I know many who thought they could/would do all that easily themselves. And after a year ended up regularly having the gardener come. Or in winter, with a corner lot and 40m of sidewalk, ended up commissioning winter service via flat rate because the city had already reminded them that the sidewalk was not cleared by 7 a.m.
These are just two examples. But I (41) do most things around and in the house myself and am already an oddball. Also among neighbors in their mid-thirties ;) most of them still treat themselves to service providers.

Salary increases are definitely there. About 5% for me in 2024

Hmm... that is effectively a huge loss in real wages. This year we will have something like about 8% inflation. Next year in the same range. In 2024 then maybe not quite as high. And only then do you get a 5% pay raise.
Or is the collective bargaining agreement not even included yet?

High inflation is great for your loan. But the calculation of your monthly costs will no longer match today’s numbers.
Calculate about 8% everywhere. And then another 8% on top of that. Then you have your costs in 2024. And compare those to your 5% higher salary. It’s very rough and depends on a number of factors. But life will definitely become more expensive.

So you will manage it all.

But it’s always better to roughly know the numbers beforehand.

A bit off-topic:
I’m noticing more and more that there are currently two types of people:
Those who are really afraid for their professional future. Often unfounded.
And those who shoot from the hip "my job is crisis-proof." Also often unfounded. Why shouldn’t QMs also be able to become unemployed? If a few companies relocate/close, the QMs end up on the street. The companies that are still desperately looking for staff now have also launched savings programs (personnel is always the first to go). Reduced demand is therefore opposed by increased supply.
I started my professional life in 2005. I still clearly remember unemployment rates over 10%. Highly qualified family fathers sat at home and no longer understood the world. Sometimes there were job offers: for a fraction of the salary previously earned.
All long ago and different circumstances. But very many now only know full employment and think it can never be otherwise. After all, one oneself is in high demand (in the boom).

Thanks a lot for your feedback :)

Briefly about the 5%. First of all, the tariff is not included there. And the 5% was kind of my thought process before all the sh** that happened... Most likely, more will come. This is a very healthy company and above all extremely social. Whether justified or not, I don't worry much about this aspect. It's hard to assess as an outsider :)

Our gardening work will be limited to mowing the lawn and trimming the hedge :) There's nothing with a bunch of different flowers that need to be cared for, etc.
I get up every day at 5:45. I can manage the approx. 15m walkway to shovel :) But we don’t really have the really harsh winters here anyway.

If costs rise so much that the salary stays the same, yes then we'll notice that... how will we notice it? Then, in the worst case, we won't save anything initially... is that bad? I don't think so. We have the usual 3 or 4 months’ salary set aside. We currently live very well (unfortunately, one must also say somewhat wastefully in some respects). To put it in the words of Sinilus Scholz: "If we hook up, we can do this." Joking aside :D If necessary, then for one year no separate savings will be made and going out to eat twice a month will be reduced to once every two months, etc. That wouldn't be a permanent situation.

I am more of an optimistic person, of course I know the numbers and think accordingly. The question is, should I cancel all "projects" now and be afraid of the future? That's not the kind of person I am either.

Regarding the job. Of course QM people can become unemployed too. Sure. But even here. Should I already be walking around with that thought? If you think like that, you shouldn’t take any risks at all.
Buying the car on credit? What if you become unemployed? etc., etc.

There are families who take out a €5,000 loan in summer to go on vacation... after the vacation, they repay this loan until the cycle starts again next summer... THAT is something I would worry about.

But enough OT now :) Thanks again for your food for thought