The bank wants to convince me to build a house

  • Erstellt am 2014-09-24 12:09:45

Doc.Schnaggls

2014-09-25 06:34:01
  • #1
But construction expert, that is exactly what I assume. Not because it is about bankers, but because one should simply treat their customers fairly - no matter the industry.

The banks now even employ numerous staff (like me, for example), whose task it is to slow down such "colleagues."

Of course, a bank must also make money, but it cannot and must not be like this!

The principle of "scorched earth" is rather detrimental to a long-term customer relationship.

Regards,

Dirk
 

toxicmolotof

2014-09-25 07:14:35
  • #2
I had a subject in my studies called Business Ethics. Although it refers to something else, it can be easily transferred.

Just because a bond from Rheinmetall yields a good return, doesn't mean you have to hold it in the portfolio.

And just because a kitchen is priced at 20,000 EUR, I don't have to sell it at that price if the equity is at 8,000 EUR and I can still live with a sales price of 10,000 EUR.

And just because a building savings contract can cover the entire project costs as financing, I don't have to sell it, especially if not even BSK themselves recommend it. Such a thing should always only be part of financing or, if desired, serve as additional interest rate security.

A doctor is also expected to perform only medically necessary and sensible operations.

Although I, as a banker, do not put myself on the same level as a doctor, I still expect (also from my colleagues) that they do not deceive customers when there are more sensible or equivalent but more cost-effective alternatives in their own range of offerings.

To repeat: There is a reason why the reputation is so terrible, and it is at the top. Wrongly, I believe, a generalization.
 

Bauexperte

2014-09-25 07:43:34
  • #3
Good morning gentlemen,


I would sign that anytime!


What does "slow down" mean in this context? Warning or even dismissal?


Ack.

I think it is a societal problem; not, as often stated, "only" to be found where commissions are tempting. Therefore, in my opinion, it must first be recognized from within society and thus set a change in motion.


An interesting comparison ;)


The respective hospital management will probably judge that differently; otherwise, it’s hard to explain why, for example, so many herniated discs with doubtful benefit are operated on.


Here I disagree with you, because I make no distinction between a doctor and a banker regarding their duty of care.


The same applies to my industry as well, and from my experience, I can assure you that it always takes two to tango. But I also know just as surely that the vast majority of all those involved in construction in Germany do a very good job. It is probably similar with bankers; which brings me back to the topic of society ;)

Rhenish greetings
 

K1300S

2014-09-25 09:32:47
  • #4
If there really are no basics at all, I would also keep my hands off it for the time being. The house construction project is a full-fledged one, and it requires - besides the necessary money - also a clear concept and a lot of energy, which can be brought up much better through your own conviction than if the house was "sold" to you. Having said that ... I am currently so glad to have my house, because at least I know that my money is well invested. With usual interest rates of << 1% for overnight money and the like, the decision ProHaus - if the conditions are right - is exceptionally easy. :)

Best regards

K1300S
 

Similar topics
23.03.2009Does the capital provide financing10
07.07.2011Financing land now, house in 6 months?17
25.07.2013Is financing possible?10
31.05.2012Financing of the property: Does the entire financing need to be secured?11
15.08.2012Build a house or buy one - financing possible?22
22.10.2012Single-family home financing - thoughtful after first bank discussion17
04.02.2013House planning completed - Is financing realistic?19
18.01.2013Is building a house possible with our savings and financing?19
04.02.2013Bank loan and loan-to-value - is financing affordable?11
20.02.2013We are not making progress in financing33
01.05.2013No equity / existing consumer loans / financing possible?11
02.07.2013Residential Riester for Home Purchase Financing - Who Has Experience?16
10.07.2013What do you think about the financing? + I have a huge problem12
23.08.2013Financing existing property - Attention beginners ;-)13
02.09.2013House purchase, requesting opinions on financing10
01.02.2014Build a house with €240,000? The banker said it will need €300,00021
19.11.2014Financing single-family house - How much can we afford?47
14.11.2013Is financing for construction projects feasible?10
11.07.2014Financing / Subsequent Taxation of Residential Riester10
15.02.2022Financing outdoor facilities, carport, equipment32

Oben