Single-family house financing €950,000; loan amount €750,000, equity €200,000

Personally, as a banker, I do not like the ratio of income to credit at all. That is very unhealthy. Nevertheless, it adds up mathematically.

Um, no. The medium-term child costs are set way too low. My brother works as a financial advisor in the real estate sector and has taken the trouble to calculate the actual child costs for his upper middle-class standard of living. He always has the numbers handy when clients want to finance houses. He has three children between 9 and 17 and came to 800 euros per month per child for last year. Food, insurance, sports, music lessons, clothing, Christmas and birthday presents, children's birthday parties, sports equipment, school activities, courses, hairdresser, braces, tutoring, learning materials, pocket money,... sure, ski trips and class trips were canceled, but more tablets and gaming devices etc. were needed instead. If your wife then has a third child, she will certainly no longer work full-time. Or you will need a cleaner. Most women reduce their working hours a second time for childcare during school age or to care for parents. On average, a child costs 148,000 euros until their 18th birthday. Conservatively calculated. In [Münchenundumzu] rather more. School time often requires more supervision than daycare time. And not to mention special support or personal sacrifices.

Whenever people earn the same as me/us and then want to finance twice as much, I get stomach aches. Sure, I’m not the reference but we are "normal" no extreme hobbies okay motorcycling but that is on hold at the moment since both kids are too young to ride along, even though the motorcycle is there.

This is Munich - you totally lose perspective on what is realistic. And everyone does it. And everyone knows someone who has done it that way - but very few talk openly about how much the often wealthy parents or grandparents have contributed. Or contribute to the children. I know of friends (both civil servants, she has been on parental leave for four years) who bought a 60s terraced house for 1.2 million. They do pay the monthly installments but everything else was paid by his parents. His parents also finance all special expenses for the grandchildren and their savings plans for university.

Um, no. The medium-term child costs are set way too low. My brother works as a financial advisor in the real estate sector and took the trouble to calculate the actual child costs for his upper middle-class standards. He always has the figures on hand when clients want to finance houses. He has three children between 9 and 17 and came to 800 euros per month per child for last year. Food, insurance, sports, music lessons, clothing, Christmas and birthday presents, children's birthdays, sports equipment, school activities, courses, hairdresser, braces, tutoring, learning materials, pocket money,... Ski trips and class trips were canceled, but more tablets and gaming devices were needed instead. If your wife then has a third child, she will certainly no longer work full-time. Or you will need a cleaning service. Most women reduce their working hours a second time to care for school-age children or to care for parents. On average, a child costs 148,000 euros until their 18th birthday. Conservatively calculated. In "Munich and surroundings" rather more. School time often requires more care than daycare time. And not to mention special support or personal restrictions.

Your introduction relativizes the entire remaining post. HIS STANDARDS. From then on, you can read it informatively. I very much doubt that these are the average costs for a child. Especially older children cost more money. However, by the time the children are older, salary increases, the wife working more, etc. come into play. Therefore: interesting but unfortunately not reliable for the original poster.

His standard is not bizarrely high. But when the kids beg, there are also sneakers for 150 euros instead of just the ones from Lidl. Christmas quickly amounts to 200 euros per child. Or a new bike for their birthday. Costs like a new desk chair, or switching from a child’s room to a teenager’s room, lunch boxes, school meals – these are often summed up under miscellaneous and overlooked. And the pressure of living standards should not be underestimated. Especially here in southern Germany. Of course, you can plan in a way that you constantly have stress with the teenagers because every cent is needed for the house... but nowhere else in the republic (except maybe the greater Frankfurt area) would a couple of teachers with a woman working part-time come up with the idea to spend a million on a house.

That is Munich – you totally lose the sense of scale regarding what is realistic. And everyone does it. And everyone knows someone who has done it that way – but very few talk openly about how much their often wealthy parents or grandparents have contributed. Or contribute to the children. I know of friends (both civil servants, she has been on parental leave for four years) who bought a 1960s terraced house for 1.2 million. They do pay the monthly installments, but everything else was paid by their parents. Their parents finance all the grandchildren’s special expenses and savings plans for college.

Yes, but the original poster also writes that the parents could contribute if necessary. That is perhaps the deciding factor after all. And yes, this is more the norm than the exception among property buyers around us.