Sparfuchs77
2022-06-07 08:45:20
- #1
Not so far.Or is there no noticeable effect on your salaries?
Not so far.Or is there no noticeable effect on your salaries?
After we were so busy discussing here 2 years ago, I would now like to hear again whether everyone would decide the same way as back then. Now that everything is really getting super expensive, I am glad that we remained so persistent and always diligently (special) repaid. On 07/30/22 the last installment for the house will be paid and then we are done, and I am 41, my wife 33. With the current inflation rate, there really couldn't be a better time. Of course, no one could have foreseen that in advance, but I am glad that we did not choose the double burden of repayment and saving ETFs. From 08/01 I can calmly set up a savings plan and continue to live consumption as before, even at the higher prices
On the one hand, I see it that way too; on the other hand, the hammer hits you with the follow-up financing. Unless you have the interest rate fixed until the end.Interesting interpretation of the story. With the high inflation rate, I would prefer to repay 0%. Unfortunately, that's not possible.:(
From a purely financial point of view, that certainly wasn’t the best decision, low principal repayment and ETFs might have been better. But I don’t know your interest rate and other data. Having debt is actually quite good. But you are a good example that it’s not just about the financial maximum, but also about quality of life, and your quality of sleep is best without debt. So everything is fine. But no matter what you would have done, if you can pay off a house at 41/33, then you are financially very privileged anyway. Nice thing :)On 07/30/22 the last installment for the house will be paid, and then we are done, and I am 41, my wife 33. There really couldn’t be a better time given the current rate of inflation.
Besides the grief, nothing has collapsed, the house is still inhabited by her, and the children pay.At the same time, we support the mother-in-law financially because she always lived day to day and the structure collapsed with the unexpected death of the father-in-law two years ago. Their mortgage still runs well into retirement.