4 ms·
where are downpayments so cheap? I'll move there ^^'
by ziofill 1mo ago
where are downpayments so cheap? I'll move there ^^'
- derwiki 1mo agoCoshocton, Ohio, plenty of houses for <100k
- brookst 1mo agoOn second thought...
- intrasight 1mo agoThere are 70 houses for sale in Pittsburgh for $25K or less
- kridsdale1 1mo agoYeah 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. … I wish I hadn’t just calculated that.
- selectodude 1mo agoHaving a place to live is an investment in your health and wellbeing. Can't live in a stock option.
- christoff12 1mo agoAt the time, were you aware that you could borrow against your portfolio?
- lotsofpulp 1mo agoAnd when they get margin called in March 2020? Maybe they had the cash on hand, maybe they didn’t. Assuming they are in the family formation stage of life with young kids, an outlier risk appetite would be required to sleep well at night.
- weakfish 1mo agoWell, 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. In RTP (NC), a ~$400k house at 5% down is $20k
- alistairSH 1mo agoDetroit, Cleveland, etc. Basically huge swaths of the rust belt. Plus a smattering of small towns in the south.
- cortesoft 1mo agoSure, and living there is the housing equivalent to buying a super cheap off brand computer. You get what you pay for.