4 ms·
7 years of saving I believe is the average for a down payment. It doesn’t sound like your story is too outside the range of normal.
by matt_wulfeck 9y ago
7 years of saving I believe is the average for a down payment. It doesn’t sound like your story is too outside the range of normal.
- techisamix 9y agoI haven't heard that before, link?
- hammock 9y agoSeems to make sense, buy a house 3x your annual income, with 20% down you could get that in 7 years if you save away 8.5% per year. And you have a house at 29
- davidjnelson 9y agoLol, houses for 3x your income? I take it you don't live in the Bay Area ;-)
- hammock 9y agoThat's a general rule of thumb for safe mortgages...which is why so many rent in bay area