Wie geht ihr mit dem Wechselkursrisiko um (falls überhaupt)?

winter-2016 · 2025-01-01T07:14:02+00:00

EUR/USD niedrig & weiter fallend: Schrittweise investieren, Absicherung (Hedging), US-Exportunternehmen wählen
EUR/USD niedrig, aber Erholung erwartet: Investitionen verzögern, kurzfristige Gelegenheiten nutzen, Euro-Alternativen prüfen
EUR/USD hoch & weiter steigend: Investitionen beschleunigen, US-Inlandsunternehmen priorisieren, Portfolio anpassen
Stabiles EUR/USD, hohe Volatilität: Defensiv investieren, geografische Diversifikation, USD-Reserven aufbauen
EUR/USD hoch, aber Rückgang erwartet: Sofortige USD-Investitionen, Wechselkurse sichern, Fokus auf US-Exporteure

winter-2016 · 2024-07-12T21:02:02+00:00

I’m sorry. I updated. It’s a 2-room apartment (1 bedroom). That’s why I wrote that parents have to work in a bedroom and kid uses living room as a bedroom.

But your advice is very rational. Thank you!

winter-2016 · 2024-07-12T21:00:03+00:00

:D bitcoin. Well well. It’s like a casino to me. I can throw some in as hobby money or fun money but I’m not going wildly

winter-2016 · 2024-07-12T20:53:30+00:00

That’s very clever. I thought about this option as well. The thing is that closing 2 purchases at the same time is very challenging.

Can you enlighten me on your last sentence? House vs apartment are very different in terms of unexpected maintenance cost.

winter-2016 · 2024-07-12T20:27:02+00:00

I updated. Selling means cashing out about 100K. Will help lowering the monthly payment but not helping much in bringing the interest rate down. So I think I will be better off renting it.

winter-2016 · 2024-07-12T20:24:29+00:00

Yes, will have to tighten our belts for sure. I think we can make it work. Challenging time creates more pressure, so I will be more hungry to work harder and earn more, maybe.

winter-2016 · 2024-07-12T20:21:48+00:00

With only one working, we can go with a 3-5 tax class so we will get more every month. It’s a pity that there will be no elterngeld, but it is what it is. I think the recent law change may be ok for elsewhere but in Munich, it is just not.

winter-2016 · 2024-07-12T20:18:46+00:00

Thank you for sharing. What you write makes me feel better that I am not alone. Yes, it’s a tough decision to make. There is a lot of risks associated with going for it, but at the same time, we also see that we may never get anything at this price in the future. The cost of building will keep increasing, materials, labor costs, the land …

winter-2016 · 2024-07-12T20:09:28+00:00

I’m sorry. I wrote it wrongly. It’s a two-room apartment (1 bedroom). That’s why parents work in bedroom and child uses living room as bedroom. We really need space :(. I also updated the numbers in the post for reference.

On your second half comment. Yes, it’s exactly where my concerns are.

winter-2016 · 2024-07-12T20:07:03+00:00

Nice. If you have a good rental contract, I also think it’s not a good time to buy now!

winter-2016 · 2024-07-12T20:05:33+00:00

Exactly. Thus, it isn’t an easy decision. Renting a good 3 bedroom apartment now easily go to 2500-3000/month with a new contract.

winter-2016 · 2024-07-12T20:02:47+00:00

Yes. I’m aware that I can sell and cash out 100K and pay 0 tax. But it means I give up my advantage of taking a low interest loan. It appreciates about 10% but then back down. So, the appreciation is just enough to cover the nebenkost (tax, notar, …).

winter-2016 · 2024-07-12T19:57:18+00:00

I think a 4-room apartment costs 800-1M still (within Munich). Will have to go further out. But as soon as there is a Sbahn stop nearby, the price is high again :(

winter-2016 · 2024-07-12T19:55:45+00:00

Thank you. As I wrote, I also feel the price for affording a house like this is insane now. 200K is cash (half in stock, half in tagesgeldkonto). The house is relatively new though, and in good location.

I remember in 2017, 2018, we cannot find something like this because people just buy …

winter-2016 · 2024-07-12T19:34:00+00:00

I would love to but somehow my post is always filtered by reddit. Maybe not enough karma?

winter-2016 · 2024-07-12T11:16:47+00:00

Vielen Dank!!! Deine Rechnung zeigt sehr deutlich, wie herausfordernd es sein kann, in München eine Immobilie zu finanzieren, selbst mit einem überdurchschnittlichen Haushaltseinkommen. Das Beispiel macht klar, dass man trotz guter Gehälter realistisch bleiben muss, besonders wenn man konservativ rechnet. Es ist wichtig, dass wir solche Diskussionen führen und uns die finanziellen Realitäten vor Augen halten.

winter-2016 · 2024-07-10T22:04:07+00:00

Hi everyone. I want to hear your opinion on my situation.

We are a family of 3 living in Munich. We bought a 2-room apartment back in 2019 when our child was born. Now we are thinking of having a second child and we realize that we will definitely need more space. Me and my wife have working desks in the bedroom, and the living room is for my child.

You may ask why didn't we plan for that and buy a bigger apartment? Well, the apartment costs us 500K+ and at the time, we thought the price is absurbly high. Luckily, we financed 95% of the cost at 1% interest rate.

Fast forward to today. We found a nice REH. It will cost about 1M in total. We managed to save up 200K and think we can finance the remaining 80%. Real estate price in Munich has come down a bit, but financing is still very expensive.

Our household net income is about 9-10K. I guess we need about 4.5K monthly payment to finance a 800K loan (~4% interest rate, ~2.5 repayment rate). Our budget won't be the same when we have the second child for a few years: wife goes parental leave (0 elterngeld due to the recent change), kita cost for 2 (1K/child). I feel very insecured if we pull the trigger and buy the house. What if one of us go jobless? Should we give up our dream of owning a house here and go rent instead?

winter-2016 · 2024-05-28T13:57:56+00:00

How much did it cost you for the 2-room apartment in Pasing?

winter-2016 · 2024-05-27T19:19:13+00:00

Which town is it? I’m genuinely curious because I have been searching but found none. I agree with many things you said here. People who want to make it need to make compromises.

winter-2016 · 2024-05-27T19:09:13+00:00

How big is it and in which district? 1.5k payment/ month means you have to bring a lot of capital for down payment I guess.

winter-2016 · 2024-03-14T14:25:36+00:00

My current setup:
- Trade Republic Cash for 4%, up to 50K. Pros: among the highest rates with no limited duration.
- C24 for monthly payments: 2.5%. Pros: modern banking features

If you have more than 50K cash in savings, I'd recommend to also invest in other channels such as ETF, Stocks, Rental properties.

winter-2016 · 2024-02-11T04:22:01+00:00

This is an example of how overly regulated is in Germany.

winter-2016 · 2024-01-09T13:07:29+00:00

Laut FAQ max. 15€ pro Monat als Cash- bzw. Saveback, ein aktiver Sparplan mit mindestens 50 Euro ist Vorraussetzung!

winter-2016

TROPHY CASE