HilfeHilfe
2016-05-25 07:28:59
- #1
Even though it has been a while, I presented our financial basis in the opening post of this thread. From that, it can be seen that a full-time educator earns €1,700 net (at least in BW).
The general consensus that our planned financing is too risky has warned us. Therefore, as described, we will calculate very precisely all additional costs incurred. Thanks to you, we have a good idea of what these are and could be.
But assuming it would be possible for €330,000 all-in. Then the monthly loan payment over the next 35 years would be just under €900 + €300 ancillary costs + insurance.
You have to compare that with a rental apartment; for an apartment big enough for 2 adults + 2 kids, we would also pay around €1,000 monthly including utilities, and that with the same salaries... So it only makes sense to opt for the more livable single-family house, which would also be paid off by retirement age.
Sorry that I have to ask you the same question again now, but when you look at it from these aspects, it is hard for us to understand not building because of "too high risk."
Regards,
Nescool
Hello,
sorry if I am repeating myself. €330k is currently possible, maybe even with 2 children and part-time work. I see the problem with the salary; you say that except for non-tariff raises, not much increase is expected. You can basically exclude that as a compensation for inflation.
The biggest, biggest, biggest problem I see is the costs. If you hit the €330k, OKAY, I unfortunately don't believe that, the costs are too low for that. If you end up at €370k-420k it gets tighter and tighter. That's why my advice is to be honest with yourself, wait for appointments, and decide if you want it.
Yes, I know everyone is doing real estate now and wants to jump on the bandwagon, but not everyone should make themselves unhappy. Then better a decent 120 sqm condominium.