What is the maximum rate for a net salary of 3,000 euros?

I’m also chiming in because we are currently dealing with the same question.

We only earn "just" 2900 € net and would like to spend a rate of 700 € plus additional costs. When we calculate everything and deduct all expenses, it theoretically works out fine. But when I think about the fact that we now only pay 560 € rent including utilities and end the month breaking even, I wonder how it’s supposed to work with 1000 Euros. Sure, we are currently living “in luxury” and will have to pull back a bit later, but the fear of not making it is still there.

Starting this month, we’re setting aside 300 Euros every month to see if it works. My car will also be paid off soon, then we will have another 150 € more.

Oh yes, our house is supposed/allowed to cost 180,000 € including the plot and everything, and our equity is 10,000 € (I know, not much either :rolleyes

I’ll also speak up since we’re currently dealing with the same question.

We also only earn €2900 net and would like to spend a rate of €700 plus additional costs.
If we calculate everything and subtract it all, theoretically that works fine. But when I think about the fact that we currently pay only €560 warm rent and are broke at the end of the month, I wonder how it should work with €1000.

Comparing warm rent to a loan is nonsense. You still have the additional costs and they will increase when owning a house compared to an apartment. What do you currently pay as cold rent? Plus you need reserves for house repairs.

Of course we live “in luxury” now and will have to cut back a bit later, but the fear of not making it is still there.

With that net income and equity, I’d be scared too. What if one of you becomes unemployed? How do you want to cushion that if the rate already hurts?

From this month on, we’ll always set aside €300 to see if it works. My car will also be paid off soon, then we’ll have an extra €150.

Do you think you’ll drive the same car for 30 years? You can just continue saving those €150 to be able to afford the down payment for the next car. Repairs on an old car won’t get any cheaper either.

Oh yes, our house is supposed to cost €180,000 including the land and everything, and our equity is €10,000 (yes, I know, not much either :rolleyes

Depending on the location, €180,000 for an existing property can be a lot, little, or nothing. For a new build, it’s definitely not enough. The equity of €10,000 is of course a joke when building a house. We also considered existing properties at the beginning. I always calculated around 12% additional purchase costs (property transfer tax 3.5–5%, broker 5–7%, notary 1.5%). In addition, there are wallpaper, flooring and minor repairs if the house is in good condition. Then a few new pieces of furniture, lamps and curtains and you only have €150,000 left for the house.

It’s each person’s own decision to tackle buying a house. But if the calculation is that tight, then it’s better to leave it. Then you can definitely sleep more peacefully.

Thanks musketeer for your tough but honest opinion. Sure, it would be difficult, but it’s not impossible, right? We are currently living in a 2-room apartment in Hannover. Our additional costs are currently 250 euros. That’s already a lot. And our next apartment will certainly be much more expensive than the current one. Especially if you want a terrace, garden, etc. I’m really torn back and forth.

oh yes, our house is supposed to/can cost 180,000 € including the land and all the trimmings and our equity is 10,000 € (yes I know, not much either :rolleyes

Hello kirischatz, that sounds very utopian. You are surely reading this forum when it comes to house and incidental building costs?!

Yes, of course, I have already read quite a bit. I am only repeating what the construction company has calculated for us:
Land 62000,
Additional construction costs 25000,
House (110 m2) 120000
And we want to save 30000 euros through our own work?

Where is the mistake now?

If the house is supposed to be so cheap, then there probably won't be any defects. But it is super cheap!