Current house | New house | |
Value | €350k | €500k |
Mortgage | € 55k | € 430k |
Equity | €300k | €70k |
New house | |
Value | €500k |
Equity from first house | € 300k |
Cash | €70k |
Mortgage | € 130k |
New house | |
Value | €500k |
Equity from first house | € 300k |
Cash | €70k |
Mortgage | € 130k |
Value | €700k |
Equity from first house | €300k |
Cash | € 70k |
Mortgage | € 330k |
I would probably end up buying a 700k house and still finsh the day owing €300k but without any additional income.
I bought my house in 2007 and spent about €100k upgrading it. It is about 130K away from any capital gain consideration and if they get a handle on the housing crisis prices will probably fall as opposed to rise.
I also see €20k per year once retired. That is €400 a week.
and will go to a broker when this virus chaos is over.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?