My wife and I make over $100,000 USD/yr together, and yet it still seems like buying our first house is going to cost so much god damn money. As you can imagine, we live in a high cost of living part of the country for our work and it's still going to take a few years of saving to come up with a down payment. I can't imagine how people doing worse than us buy homes around here. Seriously, is home-ownership a pipe dream for people in their 20s? When are boomers going to die and free up the housing market? Help me with these feels
My wife and I make over $100,000 USD/yr together...
Chase Foster
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Luis Thomas
100k a year total isnt that great for most high cost of living areas.
Bentley Nguyen
$100k is jack shit in 2020, average income was $127k in 2018.
Look up "inflation"
Oliver Miller
>is home-ownership a pipe dream for people in their 20s?
Yes, but maybe not for much longer. The system is collapsing, buying now is the dumbest thing you could possibly do.
Angel Campbell
Margin yourself and purchase you poorass degenerate
Ian Hall
get a side job, upgrade your skills, budget to the last penny, penny pinch, move, ask for a raise, ask for more hours, lower your expectations for your first house.
That should get you started. If I think of more I will post
Jaxon Williams
man it takes 2 of you to make 100k? jeez thats pretty bad.
Easton Ward
We both went to grad school; in STEM. It's nuts
Dominic White
Owning a home is a pipe dream for anybody under age 40. Retirement is also a pipe dream. You’re in cradle to grave slavery, good luck
Gabriel Hernandez
ah, so your both at start of careers? thats different then. Perhaps you guys should just rent, unless you guys are really dead-set on living at one particular place.
Good luck, i read a thread on boglehead about some dude who made the math work where he just adjustable mortages the house and tacked the downpayment to the end and invests the rest.