Problematic prices in the south of Munich

  • Erstellt am 2021-09-04 21:11:44

sub-xero

2021-09-05 07:02:02
  • #1
The real estate prices are indeed problematic, even for people with a good income. The result of federal German politics over the past 20 years.

I could imagine the following approach:

Buy a property a bit further away from Munich that you can finance with your income. Live frugally and not lavishly. If in 2 years you have 7.5k net, you could then put 6k per month into paying off an owner-occupied property. That is 72k per year, which can already achieve quite a bit. With that, you could finance a decent house over 15 years.

If you are not willing to reduce your standard of living a bit or do not get support from your parents, the outlook looks bleak. Then an intermediate step via an owner-occupied condominium might be conceivable, which would then cost not 800k, but only 600k.

Of course, the best thing is to first invest and multiply the money cleverly for 10-15 years and then buy something.
 

Nussbaum

2021-09-05 07:39:35
  • #2

Do you understand what an ETF is? An ETF on the DAX contains all the stocks from the DAX, and the ETF is basically just the "packaging".
So if you randomly select broadly diversified stocks from the DAX, the risk is just as high as with an ETF on the same index.
Unless you believe that you have better stock knowledge than the market.
 

ypg

2021-09-05 08:26:51
  • #3
How to save now – it won’t bring you to your equity anytime soon. You also won’t want to save for 10 years, only to still pay horrendous prices on the property market in/near M. Why and how there is no equity is almost irrelevant here. I think, unless you make massive restrictions on the place to live (cheaper building costs), it won’t work. Why don’t you rent a townhouse or semi-detached house with a little garden for the children? Or lease a little garden in a KLGV, or lease a caravan at a campsite – everything is affordable and offers the "longed-for lawn for children".
 

driver55

2021-09-05 08:59:17
  • #4
What else do you dream about at night or during the day?
 

Pinkiponk

2021-09-05 09:12:59
  • #5

That does not seem so high to me for the Munich metropolitan area. (By the way, I don’t know if it was intentional, but in your list of condominium, semi-detached house, a terraced house or, cheapest of all, a mid-terrace house is missing.)


In contrast to my admittedly more competent predecessors, I am of the opinion that you can dare it. If you want, read the posts in the thread "Depression after notary contract - experiences." There you will find good arguments for and against, as well as meaningful calculations.

Have you ever been to a bank and what was told to you there?

Basically, I am of the opinion, but that is only my view as a starving person and poor church mouse in one ;-), and it is by no means meant as criticism, that a certain financial strength and lifestyle is impressively assumed here in the forum as a basis, which, in my opinion, does not necessarily have to be taken as a foundation. You can also live very well and realize ownership with (much) less. :-) My favorite examples are always the expenses for kitchens and outdoor facilities. :-) I repeat, this is not criticism and different living conditions are good for this forum. :)

I say: go for it. :-)
 

Tassimat

2021-09-05 09:32:56
  • #6
How common is the variant in Munich where you really only buy with 20 years and minimal repayment, and then sell after 20 years?
 

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