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

So just do it. I don't think you want to hear anything else. :)

I would have stomach pains but I already had that with 400k six years ago.

Hi Tomtom79, no, I hope I haven't given that impression. On the contrary, my gut feeling says Harakiri. And a second gut feeling says watch out, you will get stuck in Munich.

Hi Tomtom79, no, I hope I did not give that impression. On the contrary, my gut feeling says Harakiri. And a second gut feeling says watch out, you will get stuck in Munich.

I don't think you need to be afraid of getting stuck in Munich. I have been living in Munich for 12 years, and all colleagues, friends, and relatives who wanted to move to the surrounding area managed it with patience. Many had to give up their preferred place to live, but still found something. The south of Munich is simply like wanting an apartment in Manhattan.

For heaven's sake - do you all only want to work for the house anymore! Simply breathtaking. Incredible how poor the quality of life has become nowadays in Bavaria's capital.

We currently still live in the Munich metropolitan area. The problem is simply that the market is completely swept clean and the situation has worsened over the past years. If you don’t buy it, the next one is right there. I think this puts additional pressure on you; long consideration, reserving, etc. are out of the question. The plot is quite large for a semi-detached house, which drives the price up. Used semi-detached houses with smaller plots are going for even more in our area. I consider hoping and waiting for things to get better to be hopeless. However, this should not lead you to make a decision you are not 100% behind, because the consequences are simply too great. I understand the desire to leave the city and also the reasons related to school.

So honestly - you have to keep things in perspective! If you have a normal salary, you simply can't drive a Ferrari or afford a private jet. That just doesn't work.

Honestly – you have to keep things realistic somewhere! If you have a normal salary, you simply can’t drive a Ferrari or afford a private jet. It just doesn’t work.

Yeah, but only 130sqm in a semi-detached house is no Ferrari for a family with two kids. That’s the sad part. Existing properties are unfortunately just as insanely expensive, the problem here isn’t new construction.

The thought "you don’t have to pay it off until retirement" is interesting. The kids will still inherit enough if they inherit half a house in Wolfratshausen... But it wouldn’t be for me either.

We have friends, who as a teacher and engineer just bought a semi-detached house for over 1 million. They had 250k equity, received 100k each from both sets of parents and only had to finance "just" 700k. Plus both are expected to inherit half a house in the Munich suburbs and by then the loan will probably be paid off. You’re competing with people like that.

Otherwise: A few years ago everyone told us to "wait," too. Luckily, we bought the land. It didn’t get cheaper and there hasn’t been anything better since then. But of course it could be different now, who knows.

What speaks against it for me are said acquaintances with presumably your salary. They also only had parents who were a teacher and an administrative clerk and still the parents can gift 100k and the kids manage the amount — and there are probably quite a few like that in Munich.

What does your wife say? You shouldn’t pressure anyone into such a decision. Arguments like unemployment, disability, divorce, death probably have to be ignored. The very very few people around us could keep the house in any of those cases.