Yeah my down payment 10 years ago was $200,000. The house has appreciated 0%. I sold meta shares to buy it. Those would be worth a million now.
reply… I wish I hadn’t just calculated that.
Having a place to live is an investment in your health and wellbeing. Can't live in a stock option.
replyAt the time, were you aware that you could borrow against your portfolio?
replyDetroit, Cleveland, etc. Basically huge swaths of the rust belt. Plus a smattering of small towns in the south.
replySure, and living there is the housing equivalent to buying a super cheap off brand computer.
replyYou get what you pay for.
Well, this is all assuming a 20% down payment, which anecdotally as a 26 yr. old, nobody I know is able to achieve. All my home-owning friends put 3-7% down. Granted, most are using first-time homebuyer loans which are generally more favorable.
replyIn RTP (NC), a ~$400k house at 5% down is $20k
There are 70 houses for sale in Pittsburgh for $25K or less
replyCoshocton, Ohio, plenty of houses for <100k
replyOn second thought...
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