Would you make this financing?

2016-05-23 14:12:20

Um. I would be careful there. If a longer intensive care phase unexpectedly sneaks into the plan, the inheritance will melt away really fast.

It can, but doesn't have to, if you handle it cleverly. Such things usually don't happen overnight but gradually become apparent. Then you can still sell a house, for example, and rent a place temporarily. During that time, you have simply "spent" the proceeds; no one can tell me what to do with my money, even if I am 90.

2016-05-23 14:26:40

Strokes often come very unexpectedly...

No, but when larger sums are involved, they are quite traceable in Germany. And: The social welfare office can suddenly reclaim the little house. This uncertainty lasts for at least ten years. Only after that is a reclaim forbidden. There are ways to prevent this, but it must be planned long-term.

Also, the expected inheritance can sometimes be jeopardized by a new partner of the surviving partner.

As I said, of course it's nice to inherit, and to have the possibility to make special repayments. But if a financing is designed so that it can only be fully paid off in 15-30 years through an inheritance

WIKR thankfully does not allow that either.

2016-05-23 15:30:56

So, an inheritance is not planned for either of us and is therefore not included in the calculations.

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

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

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

2016-05-23 15:56:12

The risk definitely exists for children; an acquaintance of mine had thought the same way, planning to return to full-time work after the first child and parental leave. The company pushed her out by not giving her back her old job but instead one where she would have been on business trips every other weekend and otherwise often out in the field during the week with completely unpredictable hours. That was their right; she then quit frustrated, had a second child, and now works on a mini-job basis. In our adult ballet class, where she was the instructor, this conversation came up. Since mostly women around 30 who already have children train there, it turned out that this behavior from the employer is not an isolated case. And it wasn’t even about childcare problems or daycare places, which one might still have. Therefore, I would definitely wait until all the planned children are there and then see what the long-term solution looks like regarding working hours/income/costs for children. Unfortunately, things don’t always go as initially thought. And it would be a shame if the newly built house then had to be sold again.

2016-05-23 16:13:10

The risk definitely exists for children; an acquaintance of mine thought the same way after her first child and parental leave, planning to return to full-time work. The company pushed her out by not giving her back her old workplace, but one where she would have been on business trips every other weekend and also had a lot of fieldwork during the week with completely unpredictable hours. That was their right, and she then quit in frustration, had a second child, and now works on a mini-job basis. In our adult ballet class, where she was the instructor, this conversation came up. Since mostly women around 30 who already have children train there, it turned out that this approach by the employer is not an isolated case. And it wasn’t even about childcare or daycare places, which may also be an issue. Therefore, I would definitely wait until all planned children are born and then see what a long-term solution looks like in terms of working hours/income/costs for the children. Unfortunately, things don’t always turn out the way you initially thought. And it would be a shame if the newly built house then had to be sold again.

My wife works as a kindergarten teacher, and there is practically always someone on parental leave there. The working atmosphere regarding children and reentry is not a problem. Our main concern is the financial basis. Nevertheless, thank you very much for your assessment.

2016-05-23 16:17:02

Besides the risks from the employer, you can look into the daycares in your area. The most important question: Are there enough free spots, and what does the fun cost including the meal fee? Costs vary extremely by region.

What we hadn't considered in advance and where reality caught up with us:
- What care hours per week are necessary and offered? Care starting at 7 am necessary?
- How many hours per week are there or must one take? Here with me there are only 45-hour contracts, no matter if you need less. In rural areas, there are sometimes only classic kindergartens for the morning.
- From what age do the daycares accept children? Maybe only from 3?
- In case of scarcity, you only have real chances for a spot at the beginning of the new school year. If the child is not old enough then, it means waiting an extra whole year!
- Acclimatization takes several weeks. If too many children are acclimatized, it means waiting until it's your turn at all.
- Is a day mother an alternative for you?

Would you make this financing?

Peanuts74

Caspar2020

Nescool

Elina

Nescool

Trommo