Would you make this financing?

So, inheritance is not planned for either of us and therefore not taken into account.

A question, especially to the moms and dads among you, who would rather advise us against it. Assuming it really were the case that we would get the all-in for the stated price ceiling including price guarantee (which I don’t believe based on your experiences), but assuming it were somehow possible – measured against the figures from my initial post, would your answer still be "too high a risk"?

After all, we deliberately set the rate so low in order to be able to pay it off even with children. But you simply have the experience that we completely lack.

Despite the high remaining debt, a total term was calculated for the entire loan.

hello,

I am a dad of 2 kids, a banker in finance and a good earner. I currently earn more in full-time than you both together. We financed 250k and I had gut feelings. My wife will soon return to part-time work after parental leave.

My personal advice to you: better stay smaller. Everyone already said 330k will really be difficult; if refinancing is needed, it’s even more extreme. When your wife goes on parental leave and there are 2 children without major salary increases, you are always forced to save. No question about it, you have proven that. But with 280k financing and about 1150 rate + additional costs, your salary is almost gone. Two child allowances are nothing; the affordability check always says child benefit weighs more. Children cost money; even we don’t throw money around but buy and sell a lot on Ebay Kleinanzeigen. We chose smaller and a ground floor condo back then and do not regret it. The financial pressure is not there.

Wait for the talks with the home builders; if the 330 then becomes 400+, bury the whole thing and look for something smaller and finer that suits you.

Sincere advice from the heart

My wife is also an educator. A nicely poorly paid job..even in the public sector. The workload, especially when there is also a toddler at home, is extreme. I do not want to trade places even though my wife only works 30 hours and I 60+. If we have a second child, my wife will stay at home for at least 3 years. Possibly even completely. 30 hours will certainly not be an option anymore then..

My wife is also a childcare worker. A nicely badly paid job... even in the public sector. The workload, especially when there is also a toddler at home, is extreme. I don't want to switch even though my wife only works 30 hours and I work 60+. If we ever have a second child, my wife will definitely stay at home for at least 3 years. Possibly completely. 30 hours will certainly no longer be possible then...

Just talked with colleagues yesterday about how poorly paid it is! In my opinion, childcare workers should be in the salary range of primary school teachers!

the real educators (not the assistant colleagues aka social pedagogical assistance) also earn 1700€ net full-time (tax class 1 or 4) after 2-3 years of professional experience. that is already at the upper end for the trained job without a degree and without shift work. the problem here is not the salary, but the staff-to-child ratio. what good is 100€ more per month if the work makes you permanently ill. better 10 than 15 children per employee, which greatly reduces stress.

The real educators (not the assistant colleagues aka social pedagogical assistants) earn 1700€ net full-time (tax class 1 or 4) after 2-3 years of professional experience. That is already at the upper end for a trained job without a degree and without shift work. The problem here is not the salary, but the staff-to-child ratio. What use is 100€ more per month if the work permanently makes you ill? Better 10 instead of 15 children per employee, which greatly reduces the stress.

Inform yourself... there are practically NO full-time positions! Only in private daycares or with providers like Volkssolidarität... but they all pay even worse! Show me an educator who has 1700 EUR net... And apart from that, you don't seriously want to sell me 1700 EUR net as a good salary, do you? That’s 10.62 EUR net per hour. That might be average... but it's simply a joke. Just think about the responsibility educators have. The assembly line worker at VW goes home with 18 EUR net! Well, thanks...

And receives a 4000 EUR special payment per year. Don’t get me wrong..I’m happy for him too. But the care of our most valuable asset, we pay so miserably for it. That makes me sick! Of course, this also applies to elderly care or or or..who are also paid so poorly.

They should simply all go on indefinite strike...until something changes!!! Period!