Zaba12
2019-02-06 09:38:39
- #1
I can’t manage that. With maximum special repayments, I’ll be done by 51. But well, no inherited plot, hardly any own contribution, no inheritance, 21% equity, and fairly high quality, so expensive to build.We will be done without special repayments at 45 (me) and 42 (her) years old. However, in the first two years we have already made special repayments of over 20,000 and this year we will make another 15,000 in special repayments, so that we will be done by the late 30s/early 40s.
We live in the countryside and when I ask around among friends, this is not uncommon. Here it feels like 8 out of 10 houses have massive own contributions. In addition, the plots are often inherited or gifted by the parents.
For me, the house is definitely retirement provision. When I look at my parents, grandmother, or parents-in-law… All houses are paid off and they now get by with just a few hundred euros. My grandmother initially did not work, or at least not for money (that was how it was back then, when almost everyone had agriculture) and later she was self-employed (gastronomy). She now gets by more than well with her modest 600 euros pension, even saving about half of it. She probably also does not pay additional costs because the gastronomy is now run by my mother and she lives there rent-free (and at over 70 years old still helps out). Father-in-law will soon close his business in his mid-50s because the house has been paid off for a few years.