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.
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.