Die and hope to be reincarnated as the son/daughter of someone that made the Panama papers list.
“Jullie betaalden, en als je niet opnieuw wil betalen dan zul je ook daarvoor betalen.” The essence imo.
Just stop being poor, peasants
Als ge niet in staat zijt 10-20% van de waarde van uw huis bijeen te sparen, dan is er ook een substantieel risico.
Als ge persé meer risico in uw investeringen wilt, daar zijn oplossingen voor…
Het échte probleem is eerder dat mensen er niet in slagen te huren én nog wat te sparen. Dit ligt voor een deel aan de lonen en belastingen liggen; maar evengoed soms een gebrek aan financiele discipline of kennis.
I mean what doomsaying, basically the bank is required to check if their mortgage can actually cover the loan. [The bank has two options](https://www.nbb.be/nl/artikels/vragen-en-antwoorden-rond-de-nieuwe-hypotheekregels): they can build an algorithm that determines the value of the property or they can send someone internally (!!!!!) or an external partner. Key note is, it is not an independent party. Meaning whatever algorithm the banks build or person they send, will make a generous estimation for the banks and by proxy you. So for most loans it just means that your case might take a bit longer and will get a slightly higher “dossierkost”. It is essentially self-regulation and in general that means it is not strict.
Yeah, those bank estimates are just bullshit. I had to do one in 2015 for my renovation loan. The estimator send by the bank asked me 3 things. How much did I pay for the house, how much do i think i will need for the renovation, and how much is my loan. In his report, he put in his conclusions 3 numbers. His value of the house was exactly the amount i payed for. His estimate for the renovation was exactly my budget, and his estimate for the value after renovation was exactly my total loan… He didn’t ask my anything technical, no offers by contractors, nothing. I could have fucked it up, ruin the house and end up having to sell below the amount i bought it. His report did nothing to lower the risk of the bank.
5 years later, my renovations are over. I spend 175% of my own estimate on the renovations. I had to safe the rest while i was renovating… I was wrong, but this so called professional was also dead wrong.
I sold the house because of change in job. It sold at almost 150% of his estimate of the value after renovations. I Got all the money back that i had put in it + some extra. I had 5 real estate agents by to make an offer and estimate the value. The lowest estimate of those agents was 50 000 €more than the estimator of the bank. And i sold it for a bit less then the highest estimate.
So yeah, i had to go trough this proces before. This will do nothing for house prices or lowering risks of the banks… It will only make it harder for low income and poor people to get a loan.
Kunnen we niet gewoon de verkopers verplichten om een schatting te laten uitvoeren en dit bedrag publiek te maken bij een verkoop?
8 comments
Scrape by and rent forever.
Die and hope to be reincarnated as the son/daughter of someone that made the Panama papers list.
“Jullie betaalden, en als je niet opnieuw wil betalen dan zul je ook daarvoor betalen.” The essence imo.
Just stop being poor, peasants
Als ge niet in staat zijt 10-20% van de waarde van uw huis bijeen te sparen, dan is er ook een substantieel risico.
Als ge persé meer risico in uw investeringen wilt, daar zijn oplossingen voor…
Het échte probleem is eerder dat mensen er niet in slagen te huren én nog wat te sparen. Dit ligt voor een deel aan de lonen en belastingen liggen; maar evengoed soms een gebrek aan financiele discipline of kennis.
I mean what doomsaying, basically the bank is required to check if their mortgage can actually cover the loan. [The bank has two options](https://www.nbb.be/nl/artikels/vragen-en-antwoorden-rond-de-nieuwe-hypotheekregels): they can build an algorithm that determines the value of the property or they can send someone internally (!!!!!) or an external partner. Key note is, it is not an independent party. Meaning whatever algorithm the banks build or person they send, will make a generous estimation for the banks and by proxy you. So for most loans it just means that your case might take a bit longer and will get a slightly higher “dossierkost”. It is essentially self-regulation and in general that means it is not strict.
Yeah, those bank estimates are just bullshit. I had to do one in 2015 for my renovation loan. The estimator send by the bank asked me 3 things. How much did I pay for the house, how much do i think i will need for the renovation, and how much is my loan. In his report, he put in his conclusions 3 numbers. His value of the house was exactly the amount i payed for. His estimate for the renovation was exactly my budget, and his estimate for the value after renovation was exactly my total loan… He didn’t ask my anything technical, no offers by contractors, nothing. I could have fucked it up, ruin the house and end up having to sell below the amount i bought it. His report did nothing to lower the risk of the bank.
5 years later, my renovations are over. I spend 175% of my own estimate on the renovations. I had to safe the rest while i was renovating… I was wrong, but this so called professional was also dead wrong.
I sold the house because of change in job. It sold at almost 150% of his estimate of the value after renovations. I Got all the money back that i had put in it + some extra. I had 5 real estate agents by to make an offer and estimate the value. The lowest estimate of those agents was 50 000 €more than the estimator of the bank. And i sold it for a bit less then the highest estimate.
So yeah, i had to go trough this proces before. This will do nothing for house prices or lowering risks of the banks… It will only make it harder for low income and poor people to get a loan.
Kunnen we niet gewoon de verkopers verplichten om een schatting te laten uitvoeren en dit bedrag publiek te maken bij een verkoop?
Dan kun je nog bieden wat je wil ..