Your chart shows 20% down? You don’t need to put 20% down to buy a house, you can get in an FHA for 3% down. Stop trying to scare people of buying a house. You will pay PMI, but hopefully your investment will grow, income will increase, and you can refinance later down the road
MajesticBread9147 on
Yeah, I’m in my mid 20s and try to invest around $1,000 a month so I can hopefully buy a townhouse or condo by my mid 30s.
Zealousideal-Yam3169 on
Why does it start at age 25? I was saving for my house since 18, also invest it so it grows while you save.
wot_in_ternation on
This is insane. I bought a super expensive regular house at 33. My mortgage is close to $5k/mo. We are a DINK household pulling something like $200k/yr and it is still difficult.
Ambiverthero on
Data is beautiful but labelling is crucial and the footnotes do all the heavy lifting.
5 Comments
Your chart shows 20% down? You don’t need to put 20% down to buy a house, you can get in an FHA for 3% down. Stop trying to scare people of buying a house. You will pay PMI, but hopefully your investment will grow, income will increase, and you can refinance later down the road
Yeah, I’m in my mid 20s and try to invest around $1,000 a month so I can hopefully buy a townhouse or condo by my mid 30s.
Why does it start at age 25? I was saving for my house since 18, also invest it so it grows while you save.
This is insane. I bought a super expensive regular house at 33. My mortgage is close to $5k/mo. We are a DINK household pulling something like $200k/yr and it is still difficult.
Data is beautiful but labelling is crucial and the footnotes do all the heavy lifting.