On things you don’t need to know but I’m going to tell anyway, I’m a bit sad b/c our current income is not enough to buy the house 🏠 my wife (and I) desire.

I need a better income next year 😬 #freelancingIsHard

Thanks everyone! I had a tough but important talk with my wife after receiving the negative from the bank, and we’ll lower the expectations while we work as hard (and relaxed) as we can.

🙂

@carsten@yarn.zn80.net That’s part of the plan. Sadly the monthly payment for that house is 2-3x the cost of the rent. The interest rate is about 10.5% yearly (I guess it’s not huge, IDK how it is in your countries)

Here by law, the debt must take up to 20 years (WTF!) to be paid, so shouldn’t be longer than an average lifetime. But if you are unable to pay at that time, they don’t give you the credit, so you feel like you have no options.

Well, enough ranting. That’s how it is, so we’ll keep looking for options 😄

@carsten@yarn.zn80.net 450k-720k USD? Sounds to me like a big number!
A decent house here is about 50k-100k. With 500k you can get a small mansion in important cities.

Also, the average wage in my country is about 500-1,000 USD/month, so I guess it’s a matter of numbers. Thanks for sharing, it gives me perspective.