Kann sich 31-Jähriger Lehrer eine Immobilie leisten? | Finanzfluss Budget Analyse

Summary

A 31-year-old teacher in Frankfurt, who has a wife and child, is considering buying a home within the next five years. The discussion focuses on keeping money intended for a near-term home purchase relatively low-risk and estimating what the household might be able to afford.

Household Budget and Investing

The household’s current income is about €6,050 per month, comprising:

• €4,000 teacher’s net salary
• €1,800 parental allowance
• €250 child benefit

Reported monthly savings total €2,525, or 41.74% of income:

• €700 into a “World” ETF, likely an MSCI World ETF. The subtitle transcription says “Microsoft World.”
• €25 into an all-country or world ETF savings plan for the child
• €1,800 into a savings account, roughly matching the parental allowance

The household donates about 10% of its income, which the budget discussion estimates at roughly €646–€665 per month.

When the parental allowance ends in June, and the wife cannot immediately return to work, the host estimates that savings could fall to about €700 per month, or roughly 17% of income.

The budget also includes €1,100 in rent, approximately €100 for gas, €50 for electricity, and €330 for private health insurance. The host notes that some costs—especially energy—seem high, while other household spending is difficult to interpret from the chart.

Guidance for Saving for a Home Purchase

For money earmarked for a purchase in the next few years, the host advises:

• Avoid investing a near-term down payment in stocks or ETFs, since a market decline could occur before the money is needed.
• A bank savings account may be suitable for balances below €100,000. For larger balances, the host suggests considering money-market funds, citing their special-asset status.
• If the purchase is several years away, consider a fixed-term deposit, such as a three-year term, while weighing the risk that the money may not be available when needed.
• A future fixed-term deposit might potentially be pledged to a bank as security if the purchase happens sooner, though the host says this could mean paying somewhat higher interest.
• Wohn-Riester is raised as a possible home-financing subsidy route, particularly given the household’s child and income.

Illustrative Affordability Calculation

The host models a potential purchase using approximate assumptions; this is not a firm lending offer.

The calculation assumes:

• About €1,000 per month in rent, including utilities, could be redirected toward housing costs, alongside €700 in monthly savings—roughly €1,700 before allowing for ownership costs.
• Around €250 per month for property running costs.
• Mortgage interest of approximately 3.9%–4.2%, simplified to 4%.
• A repayment period of 30 years, with a 35-year term also considered.
• €30,000–€50,000 in equity.
• Purchase costs of 4% agent fees, 3% notary costs, and 5% property transfer tax.

On these assumptions, the estimated maximum purchase price is about €332,000, with total costs stated at roughly €372,000. Extending the term to 35 years raises the illustrative purchase price to about €358,000, though the host warns that this could still be tight.

If monthly funds available rose to around €1,500—for example, if the wife returned to work and/or donations or other spending were reduced—the estimate could reach about €530,000. With €100,000 in equity and around €900 in monthly savings capacity, the host says the estimate could approach €500,000.

The main affordability factors identified are monthly income available for the mortgage, equity, and the repayment term. The host notes that a civil servant may receive a better mortgage rate, but stresses that the calculation remains approximate. The discussion also remarks that property prices have risen sharply in Frankfurt and nearby Offenbach.

Assets, Instruments, and Sectors Mentioned

• Equities and ETFs: World ETF, likely an MSCI World ETF; all-country or world ETF for the child
• Cash products: Savings account, fixed-term deposit
• Funds: Money-market funds
• Housing finance: Mortgage, Wohn-Riester
• Property markets: Frankfurt, Offenbach, and Frankfurt’s Bahnhofsviertel

Disclosures and Cautions

The video includes a NordVPN sponsorship segment, separate from the financial analysis. No explicit “not financial advice” disclaimer appears in the supplied subtitles.

Presenter and sources: Thomas (Finanzfluss/Überfluss), reviewing a budget chart submitted by an unnamed community member. The video also refers viewers to the Finanzfluss budget/Sankey calculator.