When the dream of the house bursts

2017-12-07 00:43:42

I work in the chemical industry. According to the collective tariff agreement for the area, a shift supervisor has a maximum of an E11 if skilled worker or an E12 if university graduate. So rather around the 3xxx range. You must have a serious in-house collective agreement and a simple shift supervisor firmly in the AT area...

As far as my shift supervisor is concerned, I can of course only assess his statement. Whether that's true I don't know, but I don't care one bit. Since we are in Hesse, according to IGBCE he has a classification of E10.

E10 has a gross salary from the table of €4351 at the final rate (gross). Married, 2 children. Privately insured. If I roughly calculate now, that's already just under €3500 net. Since everyone now knows that shift workers live off shift allowances, one can now calculate what special bonuses, performance evaluations, company bonuses, seniority allowances and who knows what else adds up.

In the future, I better say that I'm a cleaning man and can only and want to build a garden shed and that maybe €400 net comes in and the rest is Hartz IV top-up from the office, then some people here will surely feel better when they can trample on me. People, there are some^^

2017-12-07 00:56:11

E10 has a gross salary from the table of €4351 in the final rate (gross). Married, 2 children. Privately insured. So, roughly calculated, that is already just under €3500 net.

That is €2950 net if you calculate it not just roughly but exactly. So, worlds away from your €4800. €4800 is middle management in the chemical industry and far into the AT area. This usually requires a master's degree and work experience. It is impressive to have both at 25 already.

2017-12-07 06:27:54

2.5% on 20 years is not good, but bad. This is at best a 100% financing. The double of 290sqm is also not more than the double of 180sqm, but then that is no longer important ...

2017-12-07 06:54:30

I just noticed that you come from my area.

I am currently also in the planning phase but already a bit further along than you.

A plot of land for 30K€ is bold. I wouldn’t know where around here this could be realized except maybe towards Limburg, or Seeheim-Jugenheim, Heppenheim area.

Just our plot with just under 800 sqm will cost about 200K including all costs, meaning land purchase, notary, etc.

In terms of the house, we are currently still planning a maximum of 290 sqm, around that size. So more than double your wish.

My wife is not a top earner, but this wasn’t taken into account anyway because my salary is more than enough. It could of course always be more, but at some point you have to know when to stop. I am somewhere around 4800 net minimum. Regarding installments, I currently have the bank’s approval to set the rate at 2500€ with a fixed interest rate for 20 years at 2.51%. I think that’s fine.

But I am only 25, so there is still room to improve with further training etc.

If I were you, I would also only advise seeking further training or postponing the house plan if equity is available. Of course, no one can say how prices will develop in the future. In times of low interest rates, it is of course ideal to build a house.

2500€ as an installment + monthly additional costs, seriously? And you want to manage that with a minimum income of 4800€?
And then you still find 2.51% okay for 20 years? All information fits the age stated. My morning starts well. Thanks for that.

2017-12-07 07:22:51

now here comes the dick-measuring uh payslip comparison again!

That doesn't help the OP either.

What I would be interested in, you mentioned Ing and 2,500 net / month together.

In which industry do you work and is a change to another industry with a higher salary not possible? You’re 33, not too old to change. Sometimes you have to leave your comfort zone and take a risk. With 2,500 net for 2 people, the risk is manageable...

Just an example from me: years ago I did an in-person "Jodel diploma" and worked my way up. My classmate wasn’t willing to get out of public transport. After years of frustration and little salary, he is finally putting himself on the market. We are now about 35,000 gross / year apart. At 38 he will never catch up with me again.

2017-12-07 07:53:40

We both together make 2400-2500 per month

Somewhere the term minimum wage came up.

If I calculate:
1750 euros/month gross
Standard employee without children
1,231.62 euros/month net

That times two fits your mentioned range of 2400 to 2500 euros/month net.

At 40 hours per week, Google says you can calculate with 173.33 hours/month.

The hourly wage, gross, is therefore 10.10 euros. The minimum wage is currently 8.84 euros/hour.

So you earn above minimum wage. But not very far from it...

One can regret that, but with an income just above minimum wage, it was never and will never be possible to build wealth.

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When the dream of the house bursts

Stivikivi

77.willo

Alex85

Zaba12

HilfeHilfe

Bieber0815