Semi-detached house (130 sqm) in South Bavaria financing

One of the important reasons for the desire to move is that the schools in our neighborhood do not have a good reputation.

If it is one of the three exclusive schools that come to my mind, then your fixed costs for equipment, education, and various leisure and hobby activities for the children will not be insignificant. But you are probably aware of that as well.

Is it the reputation, hearsay, or is it the case? I assume that you approached these thoughts with some foresight. Otherwise, it is expensive hearsay :cool::rolleyes:

These sums make me dizzy. Especially for what? I don't think much of it. Basically not. One should always think a bit further.

We also once lived in Nuremberg and considered buying a house. Everything was too expensive and above all, there was nothing available on the market. We didn't want a tiny plot of land either and that forced closeness to the neighbors not at all. Firmly rooted, work, friends, and quality of life were of course present.

In the end, the question was whether to go into debt for over 30 years and always! be dependent on the employer. To give up personal freedom. Despite very good earning opportunities and sufficient equity.

Therefore, we decided against buying in Nuremberg.

Today we are very glad about this decision.

Instead, we bought a house with a 2000 sqm plot in a rural area of central Germany. Close to Weimar, Erfurt, Jena. The whole thing back then cost only a small pocket money out of the petty cash. A few years later we bought a rental property nearby with 10 apartments. That also only cost a (albeit somewhat larger) pocket money but had 35 percent!!! rental yield.

We were also able to buy that without financing from our own funds.

We have found our happiness in life exactly here and actually don't need to work anymore. Our child goes to one of the best private schools 4 km away. Everything is there. The school even has its own swimming pool. 2 teachers per class with a class size of 15 children, there is a medical service as well as the latest learning materials etc.

After a short search, I found a great job. Better than in Bavaria. My wife stays at home and manages the rental.

We live right in the middle of nature, have a small creek on the property, a few chickens, etc.

At first, it was a difficult decision to leave everything behind. Surely we would have a house in Nuremberg today too, but maybe 500,000 debt and we would both have to work hard. Until retirement with all the associated risks.

Instead, today we don't have a single euro of credit. And by ICE it is barely 90 minutes to Nuremberg. Alone the countless hours in traffic jams were worth saying goodbye to.