Which credit burden suits which income - experiences?

Hello,

I have read in this section quite often.

Basically, it always goes like this: Someone opens a topic, explains that they want to take out a loan of xyz amount to build/buy, and certain incomes are opposed to it.

The answer here is almost certainly always that it is too risky or unrealistic, the wishes cannot be realized with the money.

Therefore, I would like to ask the other way around, what is realistic?
In other words, what loan burden do you think fits to which income?

Personally, I have very clear ideas for myself, which, however, have not yet had to withstand any examination. I am just curious what you, who always say "no," consider realistic.

Best regards

So for me, no was not said, you can have a look in the corresponding thread.

40% of the net income should in my opinion be the limit - at least for all average earners.

This question cannot be answered in general.

It applies that the burden of the loan, after deducting all ongoing costs, must still be bearable from the income.

This question is not really a house-building question but initially a question of monetary creditworthiness.

Then there are one or two risks added, also the ability to bear the installment in the future in case of interest rate changes.

Often the construction volume is also added, where the price is underestimated. This also varies at least somewhat regionally, as do land prices. The latter point is usually even the most concrete number.

And then it also depends on the way a thread is created, which flows into the assessment.

And that brings me directly to the topic. With this question, you are looking for a confirmation that unfortunately no one can give you in general terms.

So now comes only a very general answer: For every 100,000 loan amount, you should calculate with 500 euros burden. If it is not interest, it should be repayment. In addition, there are ongoing costs for a property, which are probably somewhat higher than for an apartment. And then money must remain for living.

I know families with 2,500 euros net income whom I trust with a credit installment of 1,200 euros, but I also know singles with 4,500 euros net income, where I would also consider 1,200 euros as the absolute limit. And now, what do you want to do with that? It’s kind of difficult to answer, isn’t it?

I can't find anything quickly there, or did you latch onto a topic? Of course, it doesn't mean "always" no, but quite often. And at some point, I asked myself who can even afford to build anymore.

That would actually be interesting and even more helpful than most discussions, a survey (without concrete numbers) about what percentage of net income goes into the payment and how manageable it is.

The 40% is already acceptable Some textbooks or advisory materials mention 40-50%, sometimes with, sometimes without maintenance costs. But this value also does not replace a concrete calculation. For some, 60% could easily be appropriate, for others even 30% is still too much.