When the dream of the house bursts

  • Erstellt am 2017-12-06 17:04:34

ypg

2017-12-12 20:42:51
  • #1


House? Ok, investment, retirement provision, low interest rates Car? Only if the financing costs are lower than the savings rate... those times are over Wedding? A loan would then be the first building block of finances needed... No no no!

Misfortunes, new teeth after an accident, separation, payout from inheritance... there are reasons where there is no other way.
 

Knallkörper

2017-12-12 21:12:26
  • #2
Whoever can afford it should finance whatever they want. I basically see it the same way as you and would never take out a loan for a wedding, vacation, or even electronics. But hardly anyone pays for a car in cash once it reaches a certain amount. I bought mine as a 3-year-old used car for 35k and recently traded it in again as an almost 7-year-old for 20k. I only financed the 15k difference minus 5k down payment ("Zielfinanzierung"). Paying cash for a car ties up a lot of liquidity.
 

ruppsn

2017-12-12 21:38:47
  • #3
Ok, dear friends of cultivated and lived intolerance [emoji6] I also see it as true that borrowing is the worst of all options and try to manage everything without credit at first, but even the worst option is still an option. As someone not affected, it’s easy to say that you never need or require a loan except for a house (at least that’s how I read it from some posts), but is it really that simple? Example: You rely on your car, too old for full coverage (the car!), but definitely still a good means of transportation you depend on. You drive over a bridge that is slightly icy, without a gust of wind from the side everything would be fine, but a gust pushes you slightly into oncoming traffic, you steer against it and crash into the guardrail. Car total loss! And now? What good is the wise advice, which might generally be true, that you want to afford things you cannot currently afford and that you postpone the problem into the future? True, correct. And? What good is it if the car is wrecked, you still need a car, but don’t have enough liquidity? A solution beyond a wise platitude can certainly be a car financing. And that is then reprehensible??? Another example: Bought an apartment as a couple, you separate, one of you wants a fight, the place has to be sold at a loss, one borrows half the loss from their parents, the other can’t because no parents or the parents aren’t financially able. So credit... what else? Again: reprehensible? I do go along with the idea that TV, mobile phone, wedding, i.e. pure consumer goods, do not have to (may not) be bought on credit, but beyond that, there are reasons that do not fit with dogmas and black-and-white thinking. Don’t you think so too? The OP seems quite realistic to me, he apparently made a mistake in the past whose bill he is now paying. I don’t hear him whining or complaining. So why attack him with the club of a self-imagined moral superiority? That’s how it seems to me right now... and I wonder what the goal of such posts is supposed to be? And briefly on the topic of self-employment and changing jobs. Here too it’s not a no-brainer with a guaranteed good outcome, as one might get the impression. On the one hand, the right opportunity, industry and training belong to it – and personality too. There are simply things of a personal nature that don’t necessarily have to be about comfort zones. If you ignore those individual factors, you can postulate excellently “be brave, change your job; become a team leader; move somewhere else.” All things that can apply but certainly are no sure bets or universal solutions. What good does it do to go against my nature, to behave differently from who I am? One thing is preprogrammed: failure and that on all levels. Challenging your comfort zone, definitely yes. Advising a person with a need for security to take risks, I find just as pointless as advising a sprinter to run a marathon... you simply have a learned (in the running example genetic) disposition that I find negligent to ignore. Some suggestions here unfortunately seem like: if you are no longer successful in sprinting, try marathon... Does that make sense? For me, no... maybe I just misunderstood the many posts and they were supposed to be food for thought. Then okay, I could go along with that. [emoji6]
 

ruppsn

2017-12-12 21:39:51
  • #4
Oh, that turned out a bit long...sorry [emoji51]
 

MöWaLc

2017-12-13 07:17:20
  • #5
Today I wouldn’t buy anything on credit anymore either, except for property, if it’s not absolutely unavoidable. (Old car with total loss I thought was a good example. Three days before the wedding in May I had an accident that caused damage of almost 3,000 euros to our car, which had a market value of about 400. Luckily only bodywork and aesthetics, so a new one wasn’t necessary) But what use is insight now when I already messed up 17 years ago

I often just think, if only you hadn’t been so lazy and had participated more in school. You’ll do it differently with your kids, these kinds of wisdom, which at least my parents preached to me when I was 13-14
 

Evolith

2017-12-13 07:29:40
  • #6
You can really notice the typical German perspective regarding credit here. We finance quite a lot. Mattress, bed, vacuum cleaner, car, teeth, etc. And it works very well for us. The art is not to overextend yourself and to look closely at the financing. I find nothing wrong with that. The same goes for weddings. Why not finance them with a loan? How is that any different from a house? Most people are not satisfied with just the registry office and eating in a small circle. We paid 15k for ours with everything included and I do not regret a single euro. But you have to have 15k first. Due to our terrible timing with the construction, we couldn't save anything. So, a loan was necessary (but it has already been paid off).
 

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