Project

At some point in your life, you may need a little help in the finance department. When you rent your first apartment, this is not uncommon. Considering that you usually have to put down first and last month's rent, as well as a security deposit on top of all the other moving expenses, this can be a pretty costly endeavor.

I definitely needed help when I was a sophomore in college to escape dorm life (it wasn't all it was cracked up to be) and rent an off-campus apartment with two friends. I had zero credit and no job. However, as a 19-year-old, I was lucky enough to snag the apartment (soon to be party central) thanks to a friendly rent guarantor: my dear old dad.

PEKING (Reuters) – Two months since many Chinese homebuyers stopped repaying mortgages to protest a construction freeze on their properties, a lack of progress at more sites threatens to intensify the boycott despite assurances from authorities.

Last week the US government saved Freddie Mac and Fanny Mea from ruin. These big mortgage lenders could no longer keep their heads above water on their own due to the mortgage crisis. Just as this intervention by the U.S. government provided some relief for the stock markets, the major bank Lehman Brothers also indicated that it was no longer financially viable. Cause for a new wave of panic on global stock markets.

The opportunity would be favorable: Finally a house or building site found, which corresponds exactly to the long-cherished desire. And this at an offer price, which is surprisingly favorable? But now – in the crisis – take out a home loan? For most people, a home loan is THE most important financial decision in life, with a lasting impact on their future life planning. It is not only the amount of interest and the monthly installments that are due for interest and repayment that count for the decision. Rather, it is psychological components that influence the decision for or against a home loan.

Rising real estate prices can lead to wealth taxation in Spain
The Spanish tax authorities are specifically examining the tax situation of non-residents
From Dr. Burckhardt Löber and Dr. Alexander Steinmetz

The Spanish treasury is always looking for new sources of income. Recently, due to increased real estate values, it has been increasingly examined whether and, if so, to what extent the wealth tax applies or whether its assessment basis has even increased, for example, due to the construction of a garage or a swimming pool. After all, fincas with values of five and more million Euros are no longer a rarity nowadays.

Building your own home comes at a hefty cost. Depending on the region or. Height of the prices for building land is a building project not affordable for everyone. However, the situation has eased a little, after all, mortgage rates are cheaper than ever before.

However, the financing can bring some pitfalls with it. This is especially true for the financing of the building plot. It can quickly happen that builders fall into an interest trap, which will cost them dearly later on.

The current cornona crisis is not only confusing the whole country. The global economy is also suffering tremendously from current measures. People are out of work, companies are making tons of losses, and the stock market is more volatile than ever.

Now that we are in the midst of a global crisis and the collapse of the current stock market, how can we best proceed?

Many people wish to own a house. But the right way to do this is often quite unclear. There are many providers who want to earn on the house purchase, but not everything is also good for the buyer. We will try to bring a little light into the darkness here. Certainly, the subject is complex and cannot be presented in all details. But it is already possible to show the basic approaches.

Home financing with equity, home savings and a mortgage

Perhaps you can still remember the article with the heading "Zeitenwende an den Finanzmärkten", which I had written before the autumn vacations. This was about a possible "thrust reversal" in 2018, by which was meant the monetary policy of the central banks.

Fed pulls liquidity out of the market

I once worked in a company where the salary was transparent for everyone. A sophisticated Excel spreadsheet was distributed each year before the Christmas dinner. There were all the salaries of everyone listed, from junior to CEO, for over a hundred employees. In a level of detail that gave you the satisfaction of being able to analyze everything in detail if you wanted to. In fact, this was then actually not so important to me at all. I could trust that the company could not afford any great injustices – an example of security through openness, much like it works with open source software.