• Car@lemmy.dbzer0.com
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    5 months ago

    Zero down may be the only way a family can afford to buy a home. In a time where older starter homes are north of 300k, we’re asking families to save 60k cash to get to 20% down. That’s about the median household income.

    If you’re able to save 10% of your paycheck (after taxes), you’re going to spend about 10 years saving for today’s price. Which will likely be much lower than next years price.

    • granolabar@kbin.melroy.org
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      5 months ago

      Family making 60k, has no business buying 300k house esp with zero down… How do you even budget these numbers lol

      Get real