- n8r
- Jul 3, 2003
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I helped Lowtax become a cyborg and all I got was this lousy avatar
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You should have 20% down when you buy a house. Keep in mind there are additional costs above the actual purchase price. You'll also still a 6 month expenses emergency fund. If I were you I'd want at least 125k in the bank before getting too serious about buying a house.
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Jul 23, 2015 03:59
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May 18, 2024 15:11
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- n8r
- Jul 3, 2003
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I helped Lowtax become a cyborg and all I got was this lousy avatar
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Houses can be pretty terrible investments, and 20% down safeguards you against some level of swings in the market. With only 10% down, if the OP needs to sell the house within the first five years there is a very good chance you can be virtually upside down on the house. The house value drops 5% combined with a 6% real estate commission and things can get very tight. If one person loses their job or is unable to work things get pretty tight pretty quickly.
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Jul 26, 2015 11:31
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- n8r
- Jul 3, 2003
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I helped Lowtax become a cyborg and all I got was this lousy avatar
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Move to a modestly better apartment without noisy upstairs neighbors.. or drop a half mill.
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Sep 25, 2015 23:08
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Jul 23, 2015 03:59
