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

2021-06-05 06:42:57

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.

Most people are like that anyway. So dependent on their earned income. If you can’t live off the returns of your assets right now (or you’re retired), you always have to earn a living one way or another. Regardless of whether you rent or buy. That’s why I don’t understand this argument. My ex was like that too, constantly sweating because of a comparatively absolutely ridiculous loan amount (25% of the house value and also low in absolute terms) and he was "broke" for years (unable to make purchases over €1000) because he put every euro into repayment. By now, the loan is repaid and he has realized that he still has to work! Of course, owning a house ties you down geographically more. If there is only one employer in the region where you can work adequately, it is indeed a risk to have a property "hanging around your neck." Otherwise, any trained professional in a reasonably sought-after field should have enough self-confidence to trust themselves to possibly find a new job.

2021-06-05 09:36:46

I am stunned that there are such emergency situations. That’s really awful. But you don’t have to do this, there are other options!

Our example: We moved away from NRW and live with our children (5 and 3) in beautiful Schleswig-Holstein. Corona-free and with a high recreational value: Hamburg right on the doorstep, North and Baltic Sea each half an hour away. We live in a small, pretty Art Nouveau villa in the middle of the city in the best residential area. 180 sqm, 510 sqm with basement and garage.

The place cost 345,000 EUR in 2014. Meanwhile, a further 300,000 EUR has been spent on conversions and renovations. An old house constantly needs maintenance, plus we like to change and optimize.

My wife only works 14 hours because of the children, our income is still good. In 12 years we paid off the loan. Still enough left over for saving and a good life.

Conclusion: In your place, I would move away and rebuild my existence somewhere else. And with your good income, just enjoy my life…

I still don’t understand where the good job is supposed to come from ..

May I ask what you do? My entire family consists of engineers, we studied all over Germany etc. Now, because of the jobs, indisputably all have moved to Bavaria ….. I used to work for Siemens in Berlin back then …. I searched forever and didn’t find a single adequate job up there even with major salary losses….

Yes, if you build something up and manage rentals I can imagine moving, but 2 employed engineers where am I supposed to go except to the big players in the big cities?

So one of us would surely get a job at ZF or something in SH but then I’d be even more dependent on that one employer than now because there’s nothing else up there anymore

2021-06-05 09:43:43

In the north it must be really bad... they allegedly have hardly any chances of survival.... :D

That having maybe 1-2k€ net less, actually means having more, is not taken into account...

2021-06-05 09:46:09

But now I have to laugh too. We also moved from Munich to beautiful SH and believe me, there are also many who earn well here. It's not just the world of engineers...

2021-06-05 09:47:39

I am stunned that such emergencies exist. That is really awful. But you don’t have to do that, there are other options!

Our example: We moved away from NRW and live with our children (5 and 3) in beautiful Schleswig-Holstein. Corona-free and with a high recreational value: Hamburg right on the doorstep, North and Baltic Sea each half an hour away. We live in a small, pretty Art Nouveau villa in the middle of the city in the best residential area. 180 sqm, 510 sqm with basement and garage.

The place cost 345k EUR in 2014. Since then, another 300k EUR has gone into conversions and renovations. An old house just constantly needs maintenance, besides, we like to change and optimize.

My wife only works 14 hours because of the children, yet our income is still good. In 12 years, we have paid off the loan. Still, there is enough left for saving and a good life.

Conclusion: in your place, I would move away and start my existence anew somewhere else. And with your good income just enjoy my life…

But that would mean that this place has now cost around 600k plus 300k renovation since 2014. You’re also at almost 1 million euros. Wow!

2021-06-05 09:49:29

I have to laugh now. We also moved from Munich to beautiful SH, and believe me, there are many people here who earn well. It’s not just the world of engineers...

Aha, so that means I am an engineer and apply in SH as what? Will you take me there as a dentist, notary, or architect?

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

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