What can we afford? Young family homeownership. (Bavaria)

Then you have equity and a more relaxed income sounds like a plan

So guys, okay, thank you very much. I think for me, the topic is settled for now or postponed. So at the moment, it is not possible for me to go without total risk. I will now just read up a bit on the subject. Otherwise, it might just be "only" a 3-room apartment somewhere...

But thinking about it, with just under €3k net, I’m actually not a bad earner... Really shocking that as a middle-class person you can’t afford a "normal" house...

Did you really let yourself be influenced now? You earn extremely well as a nursing professional! We definitely have less salary together and have to hold tight for the first three years until I go back to full-time work, and then we’ll have €4k. However, we don’t have as many expenses as you do. That’s a pity. I hope you find something in a few years...

Have you really let yourself be influenced now? You earn extremely well as a nursing specialist! We definitely have less salary together and have to tighten our belts for the first three years until I go back to working full-time, and then we have 4k€ together. However, we don't have as many expenses as you. Too bad. I hope you find something in a few years...

The only reasonable solution! It is really almost intentional to let someone with this equity walk into a trap. Better to give up a property for now but be able to sleep well and not have to say no to the kids at every little thing! Proper apology and continue living relaxed!

Did you really let yourself be influenced now?

I think that was the reason why he opened the thread here. To get input and decide.

we are financing 380k€ [...] joint income of 3200€

Almost 120 monthly salaries is definitely a big number. I don't know your total volume, but that scale is certainly not "for everyone". Our financial advisor had the rule of thumb that 100 monthly salaries of debt with ~20% existing equity is "healthy".

Hi we are financing 380,000€ and currently have a combined income of 3,200€ with my part-time job.

Sorry but with this financing you should not give advice at the moment. This is extremely risky and not exemplary. I hope for you that it goes well, but you should only speak up with advice in about 10-15 years at the earliest, when you really see if it can work out and at what cost, and I do not only mean the monetary amount the loan costs you, but also all the restrictions associated with it. The financing certainly does not sound healthy.. Fingers crossed

no one knows your constraints at all.
Already finished, or still at the beginning and the big bang is yet to come?
Or the 380k€ house is on a 500k€ plot of land that you received as a gift?
Maybe also a bit older and in 10 years have saved up or inherited 200k€ equity?
Often there’s also a rented condominium that people tend to overlook...
etc.
go ahead and tell us.