Situation in the real estate market... madness

€20,000 annual benefit is roughly €175 for fuel. Those who commute a lot simply pay a lot for fuel. That's clear.

As for the investment: A brand new Polo costs €12,500. After 5 years it’s still worth €5,000 --> half the investment cost.
And if you don’t buy a new car every 5 years, but every 10 years, the number looks nicer too. €12,500 over 10 years versus €15,000 over 5 years. But even with €20,000 over 10 years it looks better already. Those who need a new car every five years pay extra. Luxury you can afford or not. That’s clear.

I didn’t take time to compare prices now.
And if someone wants, they can always find a loophole like "nobody pays the list price" or "leasing a diesel is cheaper if you take VW"!

By the way, these are not made-up numbers. They are mine. Not a Polo, but the small mid-range for a working woman who cannot take a company car home.
And if an employee has a daily commute of 20/30 km there and back, they depend on the car running and not becoming a sham or a surprise package.
Whether anyone recognizes themselves here or not: doesn’t matter. It’s the flat rate of €500!
We also don’t have to discuss every vehicle of everyone here. If the wife’s second car is only used once a week, an older Up is enough, no question.

In households with four or more members, the household net income of 5K or more is not as uncommon as one might think: This includes the income of all earners in a household, including those from rental and capital plus social transfers and child benefit/parental allowance.

That's the opaque part: With three children, you have a difference of 900€ compared to the monthly net salary, which is probably decisive for financing, due to 600€ child benefit, 300€ home construction allowance. If you also include parental allowance, Christmas bonus, bonuses, etc., you easily come to a difference of 1,500€ and more.

With a loan amount of 500,000 euros, you currently have a payment of a good 1100 euros (1.5% repayment)

Hi Bookstar,
You made a mistake with the loan amount, didn't you?

Or is there really 500k for 1100 monthly at the moment?

Or are there really 500k for 1100 monthly right now?

It is also possible for less...

Hi Bookstar, You made a mistake with the loan amount, didn’t you? Or is it really 500k for 1100 monthly at the moment?

2% repayment, 0.5% interest, 10 years makes 1041€ per month. Whether that is a good idea is another question. Interest rates have dropped significantly again since mid-year. That means the builder quickly has more than €50,000 extra budget in their pocket – if they want to.

Hi Bookstar,
You made a mistake with the loan amount, didn’t you?

Or is it really 500k for 1100 monthly at the moment?

No, it is really that cheap, calculated with 20 years of fixed interest and 1.5% repayment. A realistic financing in my eyes.