/biz/ - Business & Finance

>>53806590
let's say you work at Eli Lilly in Indianapolis making $100,000. 24mins outside the city is Monrovia, Indiana. A 4 bedroom 1 bathroom house is 215k asking price. https://www.zillow.com/homedetails/4549-W-North-County-Line-Rd-Clayton-IN-46118/85615325_zpid/
Assuming you buy the property at only 3% below asking, that's 208k.

If you were renting for 1k a month prior to that, you would spend about 20k on total living expenses, assuming another 20k in total taxes, you would have 60k of savings per year. You would be able to buy the 208k 4 bedroom property as a single person with 30% down payment, and you would be able to pay it off in full within 2 more years.

You could buy a new similarly sized house in cash every three years after that. How the fuck is that not enough?