How can the average American afford a down payment on house?

Rekkapryde

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NACA


0% down. No closing cost. Amongst the best rate you'll find.

Pretty much the only requirements are that you demonstrate your ability to afford the mortgage payment, that you buy a home worth less than the max price they set for the area you want to buy (250k for ATL, 450k for NYC single families....more for multifamily) and you must live in the home you're buying.

They're tedious to work with, but if you really want to get into homeownership, this is a viable route for just about anyone. And if you're going be in one city for a long time (5+ years), you really should be owning instead of renting.

Good shyt.
 

intruder

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Doable if you stop buying dumb shyt and save money.

But that's the problem with the average person living in America. Our eyes are big and the marketing business is strong and they fukked around and gave the average person in America access to CREDIT.

  • Because of this the clown making $50K a year suddenly thinks he CAN AFFORD a car that cost $20K-$25K.
  • Because of this the clown making $50K thinks that he can afford a $100+ pair of shoes on a regular basis
  • Because of this the average clown making $50K thinks that spending $150 on unecessary luxuries such as beats headphones, brand-name jeans, designer shades etc is the norm and that there are no other options but to continuously spend
 

CouldntBeMeTho

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You Tim The Toolman fam? :skip:
no I'm a fabricator tho, it's really not that hard.. there is absolutely nothing about building a house that a average man can't figure out if he puts his mind to it. way better than being 6 figures in debt.

think about all the construction workers you know, most of them are too stupid to do anything else. every singke house that exists didnt take a rocket scientist, nope... just a determined man
 
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no I'm a fabricator tho, it's really not that hard.. there is absolutely nothing about building a house that a average man can't figure out if he puts his mind to it. way better than being 6 figures in debt.

think about all the construction workers you know, most of them are too stupid to do anything else. every singke house that exists didnt take a rocket scientist, nope... just a determined man

how much something like that run tho ? i want a lil compound of sheds/storage spots
 

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Not even close. One is an asset that can earn you money when you sell, the other is a loss immediately after purchase.

I dont mean in principle,I'm talking about in that scenario.somebody who has to save for 10 years to get 40K,cant afford a 250K home and should look elsewhere. Somebody stunting is losing money,may be wasting money on cars,v.i.p,vacations,bottles etc. But they not locked into those mistakes like that person who bought that house potentially is.
 

Rekkapryde

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Payed wit cash.27,000.finishing up the dry wall now.shyt ain't no thang.its all about who u kno:wow:

:mjpls:






























































203133_ejs_workers001-780x520.jpg
 

Rekkapryde

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I dont mean in principle,I'm talking about in that scenario.somebody who has to save for 10 years to get 40K,cant afford a 250K home and should look elsewhere. Somebody stunting is losing money,may be wasting money on cars,v.i.p,vacations,bottles etc. But they not locked into those mistakes like that person who bought that house potentially is.

True.
 
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