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The offer I linked to was literally a "buy the house with monthly installments and no upfront payment" offer. So yes, you can "buy the house" if you can afford

The offer I linked to was literally a "buy the house with monthly installments and no upfront payment" offer. So yes, you can "buy the house" if you can afford those 1900€ per month in addition to food and heating. Also, with 2 kids and 2 adults out of which only 1 is working, you'll get heavy tax deductions, so I'd expect an effective tax rate of around 15%. That 100k€ gross will turn into 85k€ after taxes. Deduct another 10k€ annually for top-tier health insurance for everyone, 1900€ per month = 23k€ annually for the house and that leaves you with about 4300€ each month to spend on food, clothing and heating. This might be just me, but I think if you pay people so that they can have a very nice lifestyle where they live, that's a "good salary". If the absolute $ number is higher in San Francisco than it is in Germany, then you either need to pay them more to match the lifestyle, or maybe hire in cheaper markets. Germany in general seems to be very remote friendly. Many larger companies even have programs where you can go on a work-vacation to a tourist resort and they'll organize a co-working space and necessary permits. I guess that's why you see salaries equalize more throughout Germany while in the US the regional differences are quite strong.

single_identity 4y ago
> so I'd expect an effective tax rate of around 15%. That 100k€ gross will turn into 85k€ after taxes. Your calculus is far far from reality so your further reasoning is therefore flawed from the very start. 4-4.5k EUR is probably more realistic. Moreover, property prices around EU are generally speaking anywhere from 3k EUR to 15k EUR per sqm. For a 100sqm home that's 300k EUR for the cheapest one, 700-800k EUR as a median and more expensive ones over a 1M EUR. Even with the 90-th percentile salary such as 4k EUR per month (after tax), how exactly do you envision buying a home with that sort of prices? Software engineers are being grossly underpaid in Europe and all this recurring bullshit around housing prices, living costs etc. is just a bullshit that capitalist companies will spread to convince people such as yourself to start considering your colleagues as a "threat" and not just human beings who want to be paid what they are deserved. My purchasing power, even with the 90-th percentile salary in EU, is _nowhere_ near the purchasing power I'd have with the same skills I have if I had lived in the US and that's where all the discussion can stop. If we take some of the other European countries as an example that gap is going to be even much larger. Purchasing power coefficients are a real thing you know.
- fxtentacle 4y ago
  https://www.steuerklassen.com/kinderfreibetrag/rechner/ https://www.steuerklassen.com/kinderfreibetrag/rechner/ with 100k€ income and 2 Kinderfreibetrag and no further deductions comes out at 18k€ taxes which is 18%. So to reach the 15% I predicted you only need 3k€ in additional deductible expenses like trash, cleaning, gardening, daycare, etc.
  - lnsru 4y ago
    Dude(?), you’re seriously mixing things up. It’s not Switzerland and there are no 18% taxes in Germany. Stop spreading all this nonsense. Calculation for Bavaria with 2 kids, 100k and Steuerklasse 3. Every month: Brutto. 8.333,33 € Netto 5.581,90 € There is shitton mandatory insurances and payments. Income tax alone does not really matter. Rundfunkgebühr is very real tax and can’t be avoided. Edit: sorry, I am rude. But downplaying all the so called insurances, that must be paid from salary is not nice. They must be paid in full and can’t be avoided. I would love to decide about my retirement by myself instead of funding current retirees.
  - single_identity 4y ago
    Please, stop spreading the nonsense and incorrect information. It's not anywhere near what you state and if it had been that way, we would have a tax oasis in EU which we clearly don't.

single_identity 4y ago

> so I'd expect an effective tax rate of around 15%. That 100k€ gross will turn into 85k€ after taxes. Your calculus is far far from reality so your further reasoning is therefore flawed from the very start. 4-4.5k EUR is probably more realistic. Moreover, property prices around EU are generally speaking anywhere from 3k EUR to 15k EUR per sqm. For a 100sqm home that's 300k EUR for the cheapest one, 700-800k EUR as a median and more expensive ones over a 1M EUR. Even with the 90-th percentile salary such as 4k EUR per month (after tax), how exactly do you envision buying a home with that sort of prices? Software engineers are being grossly underpaid in Europe and all this recurring bullshit around housing prices, living costs etc. is just a bullshit that capitalist companies will spread to convince people such as yourself to start considering your colleagues as a "threat" and not just human beings who want to be paid what they are deserved. My purchasing power, even with the 90-th percentile salary in EU, is _nowhere_ near the purchasing power I'd have with the same skills I have if I had lived in the US and that's where all the discussion can stop. If we take some of the other European countries as an example that gap is going to be even much larger. Purchasing power coefficients are a real thing you know.

fxtentacle 4y ago
https://www.steuerklassen.com/kinderfreibetrag/rechner/ https://www.steuerklassen.com/kinderfreibetrag/rechner/ with 100k€ income and 2 Kinderfreibetrag and no further deductions comes out at 18k€ taxes which is 18%. So to reach the 15% I predicted you only need 3k€ in additional deductible expenses like trash, cleaning, gardening, daycare, etc.
- lnsru 4y ago
  Dude(?), you’re seriously mixing things up. It’s not Switzerland and there are no 18% taxes in Germany. Stop spreading all this nonsense. Calculation for Bavaria with 2 kids, 100k and Steuerklasse 3. Every month: Brutto. 8.333,33 € Netto 5.581,90 € There is shitton mandatory insurances and payments. Income tax alone does not really matter. Rundfunkgebühr is very real tax and can’t be avoided. Edit: sorry, I am rude. But downplaying all the so called insurances, that must be paid from salary is not nice. They must be paid in full and can’t be avoided. I would love to decide about my retirement by myself instead of funding current retirees.
- single_identity 4y ago
  Please, stop spreading the nonsense and incorrect information. It's not anywhere near what you state and if it had been that way, we would have a tax oasis in EU which we clearly don't.