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

However, it must be said that different rules apply in Munich and within a radius of about 70 km around it, as the prices are absurdly high. Either you are rich! of which there are currently very, very many people in the southern part of Munich. Or you finance shoulder-shruggingly kamikaze. But I would not recommend that at your age with two small children. You can do that more easily in your mid-20s, belly flop and then get up grinning and start over. The region is as it is.

Here in Schleswig Holstein you would be the big shots with your income and could easily build the 1,500 sqm plot (rural) with a 150 sqm house plus basement. And all this for under €800,000. But not in the Munich commuter belt. For that, your income, as stupid as it may sound, is not good enough.

What you unfortunately omit is that up there with you those salaries just aren’t paid. That’s why you move to SH and you’re simply not the big shot... because you don’t work as a doctor at a renowned clinic or in industry... That’s why the average consumer moves down there because of the great salaries and then unfortunately realizes that even with the mega salary you still don’t get far... If my husband and I were police officers and teachers, I would move to SH immediately... But unfortunately we are not... Now to the OP.... You have to consider how much the infrastructure of Wolfratshausen is worth to you and also the short commute... that also brings quality of life that is priceless.... What good is it to you that it is cheaper an hour away if you then commute 2 hours every day and don’t see your children?? Then better a few fewer vacations and maybe just one car, so that you have time with your loved ones... It doesn’t get any cheaper in M and you don’t have to pay off such a hovel until retirement... do you have to pay off that much? Because then really not much is left of the high salary...

What you unfortunately omit is that up there with you, these salaries simply are not paid. That’s why you move to SH and you’re not the big shot … because you don’t work as a doctor at a renowned clinic or in the industry there…. That’s why the average consumer moves down there because of the great salaries and then unfortunately realizes that even with the mega salary, you still don’t get very far ….

Ok. In S-H, one earns on average 82.5% of what one earns in BY. (As of 2019). Thus, the OP would, assuming a constant 440€ KG, end up with 6,250€ net. And yes, with that you still count among the very well-off homeowners in S-H. If I take the guideline max credit equals 110 x household net income, roughly €675,000 credit would be possible. If you then add the OP’s existing equity, which would certainly be lower in SH, you are still at a maximum possible project volume of €800,000.

Ok. In S-H, on average, one earns 82.5% of what one earns in BY. (As of 2019). Thus, the OP would come out at €6,250 net, assuming a constant €440 KG.

These assumptions (statistics) do not help here at all.

These assumptions (statistics) don't help here at all.

Yes, because these jobs don't even exist in SH?? Where are the big companies where I as an employee in a 35-hour job can make that much cash... As a finance person, you also move to Frankfurt because those jobs are there... Volksbank Vechta pays and probably doesn't need something like that.

You have to consider how much the infrastructure of Wolfratshausen is worth to you and also the short commute … that also brings quality of life that is priceless …. what good is it to you if it’s an hour away cheaper but you then commute 2 hours every day and don’t see your children?? Then rather a few fewer vacations and maybe only one car, so that you have time with your loved ones … in M it won’t get cheaper and you don’t have to pay off such a shack until retirement … do you have to pay off so much? Because then there really isn’t much left of the high salary …

Hi Snowy36, thank you very much for your comment! Yes, then both of us could bike to work, fuel costs would be drastically reduced (and one of the two cars would go away). Repayment: We could certainly repay a bit less, but then the interest rate would also be higher. No one is forcing us, however, to put the Christmas bonuses and bonus (11-14k) into special repayments. On the other hand, we wanted to be rid of the loan burden by retirement at the latest. And ideally build up some capital for retirement in the last working years. It’s also not yet factored in that my wife will go from 60% back to 100% in a few years, which would also contribute somewhat to the household net income (then about 3,800 instead of 2,150 euros net after private health insurance).

The loan is still monstrous, no question.