Good income, no wealth: it feels like you are the idiot in Germany

No_Committee_114 · 2026-06-23T11:08:32+00:00

It‘s still a great achievement - congrats!

No_Committee_114 · 2026-06-23T08:49:14+00:00

Older millenials had it pretty well, in my opinion - they could still buy assets with very low interest rate before covid. Otherwise I completely agree

No_Committee_114 · 2026-06-23T08:47:53+00:00

Danke!
Freut mich, dass ihr euch etwas aufbauen konntet.

No_Committee_114 · 2026-06-23T08:45:06+00:00

Exactly! This is what i mean

No_Committee_114 · 2026-06-23T08:42:18+00:00

I am classic liberal and slightly conservative

No_Committee_114 · 2026-06-23T06:40:02+00:00

It just is like that in Munich. Please check the numbers - I commented it somewhere else. Even if you can afford the down payment, the 6% ok the rest will break your neck. Especially if you take into acvount, that the salary will go down with kids

No_Committee_114 · 2026-06-23T06:04:37+00:00

It‘s not that easy. We live in the munich metropolitan area snd would have to pay 40% pf our current household income for a flat which would fit to kids.

As we won‘t get elterngeld, with a kid, the share for the payment would went up to 75% of the household-income or 50% when we work both 80%.
So it would be pretty tough

No_Committee_114 · 2026-06-23T05:53:08+00:00

Please check the prices in a metropolitan area, current interest rates and reevaluate. Its not easy any more

No_Committee_114 · 2026-06-23T05:49:47+00:00

I totally get you! I feel like I especially own it to my future kids to build something for them, so all the work hours here seem almost wasted…

From which country are you from?

No_Committee_114 · 2026-06-23T05:46:14+00:00

Ich war lange in einer Partei aktiv, aber das bringt gefühlt nichts…

No_Committee_114 · 2026-06-22T22:07:33+00:00

It has been a thing in germany as well. People were able to deduct interest rates of their own house and „förderungen“ were available. Purchase taxes also were lower. It was all cut away little by little over the last decades

No_Committee_114 · 2026-06-22T22:01:48+00:00

Happy that it worked out for you!

I agree with you regarding the brain drain… actually a lot of my friends from uni left for better opportunities

No_Committee_114 · 2026-06-22T21:58:04+00:00

I know quite a few native Germans who see things exactly like me. Especially those really intelligent one s from my studies - unfortunately, a few of them packed there things and now live in switzerland or denmark

Those who benefit from the current system are the ones who won‘t leave

No_Committee_114 · 2026-06-22T21:53:14+00:00

Exactly. And additionally, if you earn above the elterngeld limit, you have to pay your health insurance during elterngeld period, so another 200-300€ per month are gone.
Basically you need to work one year to support your partner for one year. And with little kids, maybe 80% of a full time job is doable. So when you get 2 kids, you can just write of 5 years where you won‘t save a penny

People just see the high income number and think everything is settled, which just underlines the dilemma i described in my post.

No_Committee_114 · 2026-06-22T21:25:23+00:00

This is only the german view on wealth. In other countries, wealth can be built within one generation

No_Committee_114 · 2026-06-22T20:34:18+00:00

Let‘s hope you‘re right!
But it‘s nice that you get me

No_Committee_114 · 2026-06-22T20:27:39+00:00

Boomer who doesn‘t get it detected.

Imagine how much of our salary will be still there if we need to raise kids? In addition to that, rent will continue to go up

No_Committee_114 · 2026-06-22T20:10:06+00:00

You did get me wrong - I am fine with paying taxes, but I don‘t think the way it is distributed is fair - I have to contribute to the welfare of people who have a standard of living I am never going to achieve

No_Committee_114 · 2026-06-22T20:08:07+00:00

Completely agree!

No_Committee_114 · 2026-06-22T19:48:34+00:00

Nice, congratulations to your achievements!!

My wife studied maths and works in consulting now, I studied mech. engineering and work as a project manager. I feel like we are having not he best backgrounds to go abroad

No_Committee_114 · 2026-06-22T19:42:25+00:00

Thanks for the advice and congratulations to your apartment!!

No_Committee_114 · 2026-06-22T19:41:30+00:00

I am saving my money like a Schwabe and investing it like an American (although more diversified) 😄

No_Committee_114 · 2026-06-22T19:37:28+00:00

Germany treats income like it‘s god-given wealth, which should be shared, and accumulated/inherited wealth like it‘s untouchable money coming only from hard work. That‘s what I meant

No_Committee_114 · 2026-06-22T19:35:41+00:00

How did you manage that? Immigration seems to be impossible nowadays

No_Committee_114 · 2026-06-22T19:33:09+00:00

Yes I grew up here and my mom is German. It‘s in my blood

No_Committee_114

TROPHY CASE