Curious to know and probably helpful to the community.
What was approx your Net Worth as % of the property value you bought? Or those which are in the planning phase, what’s your target number?
Gross (Value) or netto (Value - mortgage)? Fiscal or market value?
A normal salaryman will never have enough money to buy real estate without a mortgage: while you are saving, you are paying rent AND the prices are running away from you.
Our apartment’s fiscal value is barely above the mortgage. Purchase price minus the mortgage is between 15 and 20% of NW including 2nd and 3rd pillars.
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Interesting. Rule of thumb. I was thinking that net worth should be at least 50% of the property value at the time of purchase.
It was
There are just different ratios that one can calculate.