There is absolutely no question that it is simply nicer to live in your own four walls. Once you have a family and your salary is regularly deposited into your account, many people start thinking about buying a house. Of course, you are not the only one who dreams of owning your own home and that is probably exactly the problem.
Your own four walls – is it worth buying a house?
The question arises whether renting an apartment might not be better. We say – it depends!
Who else gets this financed?
When looking for a suitable plot of land or property to buy, many people's eyes pop out of their heads. And rightly so, because the prices are quite high. Who can even get such sums financed anymore?
Good question, families with average incomes hardly have a chance of financing their own home in Munich, for example. The ever-increasing loan amounts are increasing the financial pressure on borrowers and the risks are increasing. So the monthly loan installments naturally increase if you want to have your home paid off before you die. On the other hand, the risks increase with each year the loan runs, after all, the interest rates can also rise again.
So anyone who has little or no equity must accept long loan terms and high repayments. If this is disproportionate, banks will of course reject the loan. “Buy or rent? Housing and money” read more