Since all the landlords here say you should just buy bro, let us see how practical it is for you.
Rule: Before doing the below, the house must be within a 30 minute drive to your workplace. No cheating by commuting more than an hour a day.
Step 1: Post your income. Step 2: Times that by a maximum of 2.5 to come up with what you can afford for a 30 year mortgage. Step 3: Post pictures in your local area of what you can afford.
Step 1: $52,000/yr Step 2: Can afford $130,000. Step 3, pic related. It's just a shitty mobile home manufactured in 1969. There is nothing else within the 2.5x income range except for Boomer apartments you need to be 60+ to live in.
better tell the bank to appraise that mobile home at $140,000. don't want you owning anything
Jayden Reyes
$65,000, can afford ~$162,500
$92,500 for a mobile home you can't even buy unless you're over 55 and you still have to pay lot rent. All listings near me are in this same boomer mobile home park.
Yea, it’s called buying a house in America. Take your vpn off
William Martinez
How does that feel out of curiosity? Some people suggest even going up to 4x your income but that would make me a bit uncomfortable.
Anthony Watson
not great. Like i used to never have to think about money, but now im always thinking about it. Feels like im a poor person. Still manage to save a bit though
Nathaniel Lopez
That article says nothing about 2.5x income
John Flores
Banks will almost certainly not loan you 4x your income. 2.5 is the max. Honestly nowadays it’s usually 2x
Gavin Jones
Section 8 & gibs. A lot of spic families clear like ~$3-4K/mo in handouts.
Connor Taylor
Even if you find a reason to go on a rent strike in this thread: a strike means that you don't do it. A rent strike means that you are NOT RENTING. A rent strike means that you STOP RENTING AND MOVE OUT.
Jayden Cooper
nm, I found the line Seems like dumb advice though, since clearly it's not enough
Logan Williams
This is why you’re poor. I make about 120k a year and I bought a townhouse for 160k in a good neighborhood. You live outside your means and feel entitled to what you have not earned. Pathetic
Adam Bailey
>Not milking the government for gibs Foreign powers are raiding the treasury for every cent of the white man's tax money so if you're not doing the same then you're retarded lmao.
That is literally the only property I can buy at 2.5x my income. You could afford 240k, so a 160k townhouse is reasonable. If I were to be retarded I would be paying more than I am, I don't understand this logic about "this is why I'm poor", I just can't afford more, 130k is my max. There is LITERALLY nothing else in the area except a mobile home.
Hudson White
I don't even live there dummy, I just like dabbing on millennials whining about housing prices in the middle of LA because they can't fathom a life without vegan hot yoga
Jose Jackson
Ha. Sure thing.
Brayden Turner
> Stop creating money with debt > Fixed interest rate to 5% > Expand the money supply by 2-3% a year
Not true. It's just that when you are getting a $850k loan w/~$4k/mo payment, the other $5k you are bring home every month is more than enough to live on. So 6x+ loans are normal
Aiden Gray
You have to pay $400 a year for an HOA, but it does seem pretty comfy.
If you lived in Brazil you would know what suffering is. In a good part of the country, a house in such a place is 300 thousand reais. This is the price of a good home in the USA. In fact, all the neighborhoods in the USA that I saw are good. A poor neighborhood in the USA is more beautiful than many upscale neighborhoods in Brazil.
This. I make $50k/year. Going by OPs retard model my mortgage payment + PITI taken into account, my payments would be less than what I'm paying in rent currently. I will get the most home I can afford. Fuck what financial blogs say, stupid cunts.
>No real income except neetbux = ~10k/year >Never going to take loans and get in debt >I can afford a plot of land and a yurt.
I don't work, so commute doesn't count, I'm limited by grow zones. I can find a good property for 5.5k and a yurt for under 8k. I've been saving my neet bucks for a long long time, and I have a good amount saved. I can go buy all this shit and go live frugal as soon as the land owner calls back about the land.
Nolan Sanders
Here's what I could get for £50,000. Guaranteed dilapidated, in the middle of a Pakistani ghetto. Thankfully, lending is somewhat more sensible in England. If you can pay the deposit, they'll usually let you borrow.
Or - now, stay with me here - asset prices have inflated while wages have stagnated to the point where it is impossible for a normal person to purchase a home in a manner that satisfies basic metrics of financial responsibility.
Luke Kelly
HAHAHAHA and it is only halfe of the house.... wtf frens.
Carter Martin
The bathroom looks alright but it has a concerning lack of interior photos.
Honestly as long as the floors aren't plywood and the roof/walls are intact, I'm fine.
Jace Murphy
Luckily, I do own a house. But that's another story.
Lincoln Long
FHA loan would allow you a 200+ home
I'd play this game but have a home.
Ryan Hughes
how's the job market?
Luis Wright
Where in the country do you live where there is work paying $120k and you can buy a townhouse for $160k?
Unless you're in tech and managed to find a position that lets you 100% remote work?
Jaxson Fisher
It’s a trailer house.
Xavier Cruz
Not good for someone who can't even click a link
Parker Price
Parking/garage for sale Marlborough Lane, Bath BA1 >A rare opportunity to acquire a single lock up garage (approximately 17’4 x 8’7 with a door opening width of 7’0) in this highly convenient location - where parking is in rather short supply! - within a short level walk of the city centre. Bloody Hell.
>well maintained International real estate salesman code for "needs a total overhaul". If it's good, there's "granite" or "marble" down there somewhere.
Lucas Lopez
that was sarcasm, nigger. most of the listed jobs top out at ~$22/hr
Caleb Murphy
190k 380k house
Feelsgoodman.jpg
Nathan Phillips
Good advice, I can just barely afford 200k -if- I get a FHA loan, so updating with that on zillow I get...a one bedroom studio in a co-op with an HOA on top of the mortgage of $615/month kek.
Bentley Bell
Then call it a pay strike.
Wyatt White
Forgot the price: £50,000 or $61,000
Hunter Johnson
A trailer is not a house. A house is a house. A trailer is a goycart you tow behind a truck.
If US mortgage lending is purely calculated on some bullshit premise like salary multipliers then God help you.
In the UK we take income, vs declared expenditure (and modelled expenditure), plus age, LTV, dependants, stated retirement age, plus certain property criteria, and then stress tested at a minimum of the FCA's interest rate. Salary multipliers generally only come into it with high LTV applications in sole name for most lenders.
My partner and I have a joint income of around £55000, and we are good for a mortgage of around £250k with my employer, who are known for being tight on the purse strings.
t. Mortgage advisor
Hudson Peterson
Did you see the price?
Nicholas Anderson
Not going to post screenshots, but it's essentially 1 bedroom apartments built in the 70's and double-wides for me.
Thomas Wood
CHAPO TRANNY FAGGOTS GO HOME
Connor Lewis
Fuck! Youre right. I'm from berlin, i will spare everyone housing prices.
Nathaniel Adams
I don't need to park near Bath that often. At that price, I'd only buy it to rent out to illegals.
Adam Edwards
Dumbass. People have always traded distance for cost. Buying in the suburbs has always been the way to buy a better home. Eventually the suburbs become the city, leaving youngsters bitching that they can never afford a home like their parents that had it easy. But.. they're looking at houses in the middle of the city. kys millenial.
Logan Howard
>£55000 as 2, do you work at mc?
im from rural bavaria.... wtf is this? i hope all genx and bommers die.
Jayden Phillips
There's nothing cool about being a wagie with a mortgage millstone around your neck. You are not special, boomer. You are a slave to Mr. Shekelstein's bank and Mr. Noseberg's corporation.
Adam Scott
73k a year 182.5k (this really isn't true as in NJ most properties have a nearly 4% property tax PER YEAR) A house from the year 2000, in fucking Camden NJ (taxes seem ultra low in Camden which is the reverse of a fair number of other shithole cities / towns in NJ, only $1500 last year for this, of course other shitholes don't hold a candle to Camden).
Double Bonus: Only a block from Martin Luther King Blvd
Ah so it's just a typical run of the mill sheltered trustfund commie
Liam Miller
Move and/or change your job you loser entitled fucks. You don’t deserve to just live wherever you want. Some areas cost more. Move you dumb fuck. There’s a million jobs out there, you’re bound to be qualified for one of them.
>everyone who disagrees with my neocon stockholm syndrome is a communist ok boomer
Matthew Davis
>buy the house when it's cheap housing >area increases in demand >your house becomes worth more >sell it and move somewhere with cheap housing and a workshop now People you
Jack Ramirez
Mate, that's a palace. Look at this, from Bradistan (Bradford, England). >£40,000 >A deceptively spacious three bedroom mid-terrace property located in a popular residential area in the city of Bradford and within close range to a number of local amenities and excellent transport and road links.
