3 ms·
7ish year delay in buying a house. Which may be better than 20 years of payments to debt.
by brianwawok 7y ago
7ish year delay in buying a house. Which may be better than 20 years of payments to debt.
- jefftk 7y agoOn graduation, unless someone has incredible job prospects, wiping out 100k of debt in exchange for not being able to get a mortgage for 7y is a great deal. At 20k it's not great but still pretty good. I bought a house 7y after graduating from college, and I think this was earlier than most of my cohort. Additionally, I wouldn't even expect a college bankruptcy to fully preclude getting a home mortgage. With a large down payment the bank isn't actually taking that much risk. (Except that really I expect that if this law changed loans would require cosigners with good credit)
- leetcrew 7y agoeven graduating with no debt and a good job, I doubt most people are looking to buy a house within seven years anyway.
- brianwawok 7y agoIn the sciences out of SF and NYC? It’s very easy.
- Avicebron 7y ago*In the computer sciences
- brianwawok 7y agoHey, there are a few other good sciences ;)
- deleted 7y ago[deleted]