Sunday, December 21, 2014


It's christmas holidays, I have a quite a few days off work and I should be happy and relax.

But I'm not relaxed at all. I'm note even able to think of a good title.
The reason is that from tomorrow on I'll be owning an apartment. Sounds rather joyous, but I'm worried.
The thing is, my parents own this apartement and it's not yet completely paid for. So I'll not only be taking over the apartement, but also the debts. If I don't take it, my parents will eventually have to sell and move out. It's all very complicated, together with the rights for my brother a right of abode for my parents and all. The debts are in several building loan contracts, which I want to end because it amounts to quite a lot per month. At the moment credit is cheap, so I want to take a new credit and use it to pay off all the building loan contracts. I'll not be able to live there, because I work in another town (which means I'll have to pay rent anyway).

I see this as a retirement arrangement. Investing in residential property is a good thing at the moment, everyone says. And I want to keep the apartement in the family, it's where I grew up, I love this place. It's a good time to take a credit, everyone says. It is not that much money, and I know that pretty much everyone who buys or build a house will be in debt. I know all this. I know it is probably overall a good idea.

But it is a risk.
I've never been in debt before. And it'll take about 20 years to pay it off.
What if we do something wrong with the contract? What if I don't get a better credit? What if something happens to someone in my family? Will I be able to support my brother with some money like I used to?

I'm a procrastinator so I'm a little late about arranging the credit. I feel bad about this, but there's nothing I can do now. I feel like I have to do more research, gather more information. At the same time I really hate this issue. I want to relax, too. I feel like I really need to. I try not to brood over it too much, I have to be able to sleep at night, but at the same time I feel like I should think about it more.
I'm so glad once all this is over and decided. But I'm afraid it'll take some time with the credit.

So from tomorrow on, I'll own an apartement. And I'll have a debt of several thens of thousands of euro.
I hope I'll be able to sleep.

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