No one should buy a house they can't afford, but that's not what you stated. Being single doesn't disqualify someone from being able to afford a house. If you can afford one, buy one. Its one of best ways to store wealth, especially if you plan to buy a large house for a future family.Because it's always better, easier, and smarter to have two incomes. Paying for a house making $70K is a lot harder than paying for a house with $70K + $80K
What?
Never said it disqualified a person. But explain to me why it would be better to buy a home with one income vs two? Even if you can afford it alone, why would that be the better option over buying a home with two incomes?
Bro, it was in my first reply. Any investment you put your money in while waiting to get married before buying a house, will get taxed. If you buy a home now, the profits from selling it years later will not be taxed if applied to another house.
That doesn't make sense. You're making it seem like marriage and buying a home are mutually exclusive.
You aren't going crazy, you just aren't making sense. You agree its better to buy now, but then tell single dudes to wait. Which is it? $70k after taxes is plenty to buy a house in parts of the midwest.That doesn't make sense. You're making it seem like marriage and buying a home are mutually exclusive.
Yes, buying a home now is better than buying it later. Wouldn't it make more sense to buy a home NOW with 2 incomes vs one? I'm not going crazy am I?
Why do you associate marriage with waiting? When did I say to wait and buy a home. All I said was get married and buy a home. But you heard that as waiting. Stop waiting to get married and then you won't have to wait and buy a home. Literally everybody gets that except for us unfortunately.
Not saving anything is not living nice and I typically call BS on people who make 6 figures and can’t save. FOH. People with 6 figures are entitled. I make great money but I don’t live in Tribeca I still live in the same boring area I was raised in 45 minutes away from the cityYou can still live nice, but you aint buying a house or saving shyt!
10 years ago, you could have a nice 3bd 2.5bath 2 car garage Townhouse and a nice SUV or 50k car and still have money to dine out and shop and trick off.
Now, not so much. Let's say you're making 100k, that's around 2600$ bi-weekly after taxes. So you have about $5,000 monthly to work with. A nice 1br about in $2000 + utilities. That's almost half of your earnings. I was told you should only use 30% towards housing. Good thing my car is paid off, so 2000$ a month wont kill me but it's hard paying that much in rent. That use to be a good mortgage. Maybe I should buy, but i'm hoping the market corrects itself soon.
I just moved back to DC last week from Louisiana. I don't know how all these people can survive these prices, must be a lot of shacking. I didn't come back up here to not be banking and saving. My house is paid for down there, so it's weird looking at this high azz rent. I haven't paid a mortgage or rent in years. I'll see how things go for a few months, if not well, i'm heading back South.
Breh you gotta move to the suburbs of DC, not DC proper. Still expensive, but not as much.
:patrice; you right.This dude makes the same threads over and over
Buddy need, therapy and a financial consultant
Yeah I have a co-worker that lives in his building and I don't work to far from there either.
Lots of Ethiopians in DC these days ...