letten123
2021-09-04 21:11:44
- #1
Hello everyone,
we have been considering for some time whether we should buy something or continue renting. Our problem is that we live in the [“Speckgürtel”] of Munich and want to stay here for family reasons.
The second child is on the way, so we need either a 4-room apartment or a semi-detached house. Rents are rising to unpleasant heights; a corresponding apartment is not available for less than 1600,- warm, renting a semi-detached house or a small terraced house not below 2000,- EUR.
All properties we have seen so far cost between 750,000 and 850,000 EUR.
We still have 28 (man) or 29 years (woman) until retirement, and fortunately I currently earn about 5500,- net, my wife will soon be out of work initially (or receiving 800 EUR parental allowance for 12 months). Child benefit for 2 children is not yet included. I assume that our joint net income in 2-3 years will be about 7500,- EUR.
We currently have almost no equity, which has specific reasons. Since the beginning of the year, I have been saving 1200 EUR monthly in an ETF, which works fine; 1500 would also be possible. Our current warm rent amounts to 1200 EUR.
How do you assess this situation? On the one hand, prices are incredibly high, but I do not expect a "bubble" to burst soon. Paying rent every month is also not ideal.
Is it true that banks accept a rate of about 1/3 of the net income?
Thanks for all opinions...
we have been considering for some time whether we should buy something or continue renting. Our problem is that we live in the [“Speckgürtel”] of Munich and want to stay here for family reasons.
The second child is on the way, so we need either a 4-room apartment or a semi-detached house. Rents are rising to unpleasant heights; a corresponding apartment is not available for less than 1600,- warm, renting a semi-detached house or a small terraced house not below 2000,- EUR.
All properties we have seen so far cost between 750,000 and 850,000 EUR.
We still have 28 (man) or 29 years (woman) until retirement, and fortunately I currently earn about 5500,- net, my wife will soon be out of work initially (or receiving 800 EUR parental allowance for 12 months). Child benefit for 2 children is not yet included. I assume that our joint net income in 2-3 years will be about 7500,- EUR.
We currently have almost no equity, which has specific reasons. Since the beginning of the year, I have been saving 1200 EUR monthly in an ETF, which works fine; 1500 would also be possible. Our current warm rent amounts to 1200 EUR.
How do you assess this situation? On the one hand, prices are incredibly high, but I do not expect a "bubble" to burst soon. Paying rent every month is also not ideal.
Is it true that banks accept a rate of about 1/3 of the net income?
Thanks for all opinions...