this post was submitted on 04 May 2024
566 points (96.2% liked)
Greentext
4459 readers
1039 users here now
This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.
Be warned:
- Anon is often crazy.
- Anon is often depressed.
- Anon frequently shares thoughts that are immature, offensive, or incomprehensible.
If you find yourself getting angry (or god forbid, agreeing) with something Anon has said, you might be doing it wrong.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I actually have an engineering friend who did this and he did it in 2 years. Dude had no life, but he put a full down payment on a 750k house in two years. So I guess technical jobs just pay well enough
Thats a down payment, anon bought that shit straight cash. You figure the average down payment is 20% so.. 150K+ for your friend, thats no chump change either. Does he stay out late at night, maybe looks frazzled all the time?
There are decent rural homes you can get for 200-300k within range of civilization in more places than you think
There's also still 100k-200k properties in cities if you don't mind anything left on your porch being stolen
An FHA loan is only 3 percent, about $25,000
Well and the OP says he paid for the house in cash, vs just the down-payment, which could be as low as $37.5k for a $750k house. That's a lot of money but across 2 years that's $1600/mo, basically exactly what you'd expect to save on rent. Could also be significantly higher obviously too, if they went for 20% or something.