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

Yes, only 130sqm semi-detached house is not a Ferrari for a family with 2 children. That's the sad part.

Yes, it is. Considering the location, it is the Ferrari in Germany. Nobody complains that you can't get a 30sqm condo in Monaco for under 2.5 million. Because everyone knows that the location makes it expensive there.

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

Thank you very much for your comparison (and that so late at night)!

We are also considering selling the house again after 10 years, when the garden is no longer so interesting for the children, and looking for something smaller nearby.

What does my wife say? Better bite the bullet now and buy instead of risking ending up empty-handed in the end. I am more the one who ponders.

Pro: At the end of the month there is still a positive balance with about 500 euros buffer (1500 euros if I spread the annual payment over the month) even with a vacation budget, and at least I know what I work and save for. In the worst-case scenario (getting stuck in MUC) I already question the sense. Working just for the portfolio and not living where I want would frustrate me.

Contra: You simply sleep better with a decent amount of money in the account because a lot can happen and you are still secured. What suffers significantly is retirement provision. I would only consider the house as retirement provision to some extent, because if the house is only sold in 30 years, the demographics will look completely different and maybe the property then, inflation-adjusted, is worth only half or a third because there will be more sellers than buyers with price undercutting competition.

Otherwise, as mentioned above, it remains a roulette game: If only more expensive things come onto the market: Did everything right. If cheaper offers (with smaller plots) or several rental houses come onto the market: How could we have done that?

I'd do it.

The fact is: Currently, you can afford the rate. If, for whatever reason, you can no longer afford it, the house will be sold quickly. And it probably won't get any better in the foreseeable future.
Try to see it as forced savings and enjoy the benefits you get from it.

I'm really a security person, but in the Munich suburbs, you just don't get far with that attitude. The motto there is "no risk no fun."

The monthly reserves would be too tight for me with this loan amount. It only takes one larger bill for unplanned expenses to come in, and adjustments will have to be made. I would never count the bonus payments as special repayments with such a tight budget. You will need them to live on. If your salary is not regularly increased, inflation or generally rising living costs will eventually eat up your low savings rate.

3,900 euros repayment (approx. 3.7% repayment)

If you are planning to sell the house again in x years, then you can also lower the repayment and it leaves a nice amount left each month. Whether you then put the "gained" money into special repayments, blow it, or invest it somewhere, we will see.

But you have to keep in mind that the house might have to be sold quickly in case of emergency. Or for retirement, if you haven't paid enough special repayments. If you think you can do that completely unemotionally in the future, then go ahead. Have the banks already given the green light?

Maybe a promotion is still coming, and the wife might want to work full-time again sometime, then things will look better again. And then there's still a 100k buffer and 400k inheritance waiting. Sounds all positive.

Yolo... I'd take the risk

Yes, only 130sqm semi-detached house is not exactly a Ferrari for a family with 2 children. ...

Unfortunately, the price is ... ...