Too old to buy a house?

So... the fact that we have little equity is just how it is and is not a topic here. 5500 is the joint net income. The question is whether one would accept financing that runs until [75], especially since there are no children... I like the American attitude towards this the most...

Hello,

It's a shame that you interpret it that way and my post has to serve as your interjection.

Pure coincidence, it could have hit a post from another user as well, if it had appeared simultaneously with my mood ;)

By the way, my answer is not meant as a personal attack, but should be understood as a stimulus to think.

Rhenish greetings

You want to get your company/private pension benefits? You have those to compensate for income losses upon retirement and at least roughly maintain your standard of living. ...

Exactly! Either you repay the loan for another 10 years after retirement, or you pay off the entire remainder in one go. You can have the company pension paid out in one lump sum or monthly on a projected basis. The monthly option has the disadvantage that you don't know how long you will benefit from it. The former probably still has to be taxed proportionally. Nevertheless, it is quite enough (in our case in the automotive industry) to live worry-free without loan burdens.

The problem is also that at retirement age you no longer get a loan so easily (that's what I've been told).

Hello,

Pure coincidence, it could also have been a post from another user if it had come up at the same time as my mood.

By the way, my response is not meant as a personal attack but should be understood as a stimulus for thought.

Rhineland greetings

I am also one who indirectly made assumptions... therefore I gladly thank Bauexperte for the food for thought – I have no children and always had some savings potential despite a "low" income. Thus, one sometimes forgets the life paths of others...