5 ms·
A lot of places? There is a pretty significant portion of the country where you can get a downpayment on a house for $10k and pick up a nice enough used car for
by neaden 7y ago
A lot of places? There is a pretty significant portion of the country where you can get a downpayment on a house for $10k and pick up a nice enough used car for a couple thousand. There are more options then living in an expensive city, a mcmansion, and a van.
- mikepurvis 7y agoIt's true, but as we see in another discussion today [1], those options typically don't come with a very good internet connection. :) 1: https://news.ycombinator.com/item?id=21722874 https://news.ycombinator.com/item?id=21722874
- bronco21016 7y agoHow is a down payment a fair comparison to all up ownership? If we’re going that route what’s to say he didn’t put down $5k on a $25k loan? I can’t imagine there are many places in the US where you can purchase a home and car for less than $25k. Total purchase price, not down payment.
- sokoloff 7y agoIs a downpayment on a house the same as buying outright an RV?
- neaden 7y agoRVs need gas, maintenance, and a place to be all of which generally cost money. Especially if you want access to sewer, water, and electricity.
- sokoloff 7y agoDo those things generally cost more than a mortgage, insurance, property tax, and utilities on a house that you made a $25K downpayment on? I don't own an RV, but I've owned two houses and I'm guessing the RV monthly expenses will be quite a bit lower.
- neaden 7y agoI'm not trying to argue whether or not an RV or a cheap house is going to be less expensive, a question I am not interested in. It's in disputing the assertion that you can't afford a home and transportation for less than $25k and the idea that your only choice is an expensive inner city apartment, a mcmansion, or a van.
- sokoloff 7y agoMy mistake. I thought you were answering bronco21016's question of "Where else can you get a home/transportation combo for that price?"
- esotericn 7y agoYou've missed the entire point. Fuck your 'downpayment'. That's exactly what people are rejecting - the idea that they should simply become a serf to some previous landowner for multiple decades because they happened to be born later. A van may have maintenance, but it's not rent-seeking behaviour.