The bank wants to convince me to build a house

Hey, just a quick question to the group: I was at my bank earlier, since I changed banks they naturally want to do this asset analysis and stuff with me. It's pretty standard nowadays.

Unfortunately, there is no wealth, and the bank person thinks I should build a house. It's not like I'm not interested, of course I want to tackle that sooner or later. But shouldn't I have a financial cushion for that first? So the advisor wasn't talking about a building savings contract or anything like that, it somehow has to do with my [Riester Rente] that I'm saving for, but there's really not much in it yet.

Does anyone have experience with something like this? How trustworthy do you consider banks nowadays in this regard? It all seems very strange to me...

Just ask the bank person if they will pay for your salary increase.

Best regards

"Hey you, you don't have any equity and only a little bit 'geriestert', but come on... build a house... because... hmm... having a house is good."

What kind of "advisor" did you run into there?! No words...

It has nothing to do with a building savings contract but somehow with Riester?

Lololol... forget it again immediately.

He has the following plan for you: transfer the Riester contract into a Riester building savings contract, corresponding pre-financing through a pre-financing loan from the building society, and then fill the rest with a normal construction loan. Or leave that out and conclude another building savings contract with a pre-financing loan.

A banker, no matter which provider, who desperately wants to sell something like this is commission-hungry, especially if the desire to buy/build is not so pronounced.

First save 10-20% equity in the normal way and then see what’s next.

And ask how much commission he receives for the action.

Without words...

One should really give such a "colleague" a proper shot across the bow...

It is precisely this type of "Banker" who is ruining the reputation of the banks.:mad::mad::mad:

Hello Dirk,

Exactly this type of "banker" is the one who ruins the reputation of banks.:mad::mad::mad:

Oh please – you can’t really be so naive as to assume that a "banker" acts outside the average of current society? Just because it says bank clerk on their IHK certificate?

He/she is a human being, right? Welcome to my job ....

Rhenish greetings