You have to earn $115,000 a year to afford a typical house now in the USreturn2ozma@lemmy.world to News@lemmy.world – 512 points – 9 months agoaxios.com114Post a CommentPreviewYou are viewing a single commentView all commentsShow the parent comment...for a $400,000 home, to pay $2,000 a month with current interest rates, your downpayment would need to be 50%> You would need $200,000 cash in hand.No one puts 50% down, it isn't 1952. $10K-$25K is normal these days.Can you not do that? Maybe try budgeting and learning a marketable skill like programming or plumbing instead of having a degree in gender studie /s2 more...2 more...
...for a $400,000 home, to pay $2,000 a month with current interest rates, your downpayment would need to be 50%> You would need $200,000 cash in hand.No one puts 50% down, it isn't 1952. $10K-$25K is normal these days.Can you not do that? Maybe try budgeting and learning a marketable skill like programming or plumbing instead of having a degree in gender studie /s2 more...2 more...
Can you not do that? Maybe try budgeting and learning a marketable skill like programming or plumbing instead of having a degree in gender studie /s2 more...
...for a $400,000 home, to pay $2,000 a month with current interest rates, your downpayment would need to be 50%>
You would need $200,000 cash in hand.
No one puts 50% down, it isn't 1952. $10K-$25K is normal these days.
Can you not do that? Maybe try budgeting and learning a marketable skill like programming or plumbing instead of having a degree in gender studie /s