Stay here (and build) or move away (and build/buy there)

  • Erstellt am 2022-03-21 01:47:46

Costruttrice

2022-03-21 09:25:36
  • #1
I understand the desire to build your own house for the family and also the despair over the prices in the Munich area. But just to build a house, leave the familiar social environment, family, friends, and start completely anew somewhere? That sounds to me like pure despair! Aside from that, no matter where, your financial situation remains the same. Even if you would pay significantly less for the plot, you still have to finance a house on it and be able to live well with the installments. How that could work with your situation, others can judge better. Or do you have a better job prospect there? You should really be honest with yourselves and not put the desire for a house above everything else.
 

HansDampf88

2022-03-21 09:39:32
  • #2


No longer? Was it ever affordable for "average earners"?
 

Myrna_Loy

2022-03-21 09:46:30
  • #3
Yes, you had to earn well, but until about 10 years ago, you could still build in many municipalities with an S-Bahn nearby and in the north or northeast for 500,000 - 600,000. At first, we were still considering whether to build or buy, and some areas would have been suitable, but the distance to work would have been too far given the traffic jams to be expected and the dilapidated S-Bahn. We even had a concrete property offered to us that we then did not take because at the time it seemed too expensive for a place immediately associated with a [KZ]. If only we had suspected the increase in value back then.... :eek:
 

askforafriend

2022-03-21 09:55:33
  • #4
Absolutely not feasible what you are imagining there. Just move away and live more relaxed. Otherwise, the dream house becomes a nightmare house. Is the 1978 in your nickname your birth year? Then you would be 44. The median income (not average!) in MUC is about 54,000 euros. With 4,400 net, you can’t even afford property as a single. Either you are lucky to have inherited a few hundred thousand, or you’re out. It’s that simple and real. But then at least you’re among your own kind ;) Move to cheaper regions, I can only recommend that. The orientation of the job is of course also extremely important (keyword HomeOffice or similar). I know many who now earn just as much as in MUC, but live in rural regions where you can still realize your dream.

You also have less social pressure if you don’t move to the area where everyone can easily afford a fancy car next to their house because grandma left them the house in MUC or similar – you don’t want to be the poorest on the street, believe me. Someone with 4 million in the bank is very poor in Hollywood / Starnberg, you know what I mean? But if you have 4 million in a small Upper Franconian village, you are the king. It always depends on perspective.

It’s pretty tough for everyone without an inheritance who want to (or have to) get bigger and have to accept new rents. There’s nothing left. I mean, if you already have to pay 2,000 euros plus for a semi-detached house in rent, how do you even think about building? Just thinking about it is completely unrealistic.

Either you can easily afford it, or you fight for every euro. If I were you, I wouldn’t take on that fight – you can’t win it.

Wirtschaftswoche last year:

“But even with an income at this level, it is hardly possible to acquire property here. At 100,000 euros, the air is damn thin. With employees in middle management, they already have a problem.”

Expenses and income of the candidates no longer matched, says Sabine Märten, who advises clients from the financial and real estate sector. “Even academics like civil engineers and asset managers at senior level with an annual gross salary of 80,000 to 100,000 euros no longer live in the city but far outside. Sometimes even about 100 kilometers away. Because rents and home ownership are affordable for them there.”

And you come with 4.4k household net ;)
 

HansDampf88

2022-03-21 10:20:13
  • #5


So rather "high earner" after all :)

I am in the same situation, but not in a metropolitan area, rather in a village. Prices have become incredibly high here too. Three years ago, I could have bought a house – I didn’t because it was too expensive for the corresponding, unrenovated condition. Today (still unrenovated) that thing easily goes for +50% of the purchase price back then. Hindsight is always 20/20...

Regarding the concrete case here – I don’t think any bank would even finance that. We are financing €410k (so just under half of the credit volume mentioned here) with a household income of €4,700 and, in my opinion, we are already pushing the limit of what’s reasonable. Keep an eye out for existing properties a bit outside or look for a nice, affordable rental apartment – and you will surely be happy that way too. Owning your own house does not determine life happiness; that’s something you should always keep in mind :)
 

CC35BS38

2022-03-21 12:59:30
  • #6
You are exceeding the Nettox110 rule by far yourselves. That is not feasible. Do I understand correctly that after years of waiting you only have 10k equity? So basically nothing?
 

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