/biz/ - Business & Finance

Its really not hard at all to get financed. Biz will tell you otherwise though.

For FHA loan - Credit score of 580 or higher. 3.5 percent down payment +closing costs.

First time home buyer - Down payment asisstance from the govenrment and all you need is about 5k cash to cover closing costs.

What are taxes and cost of living ?

average college grad starting salary is only 50k is you picked some meme nonstem degree.

>>12819448
Now imagine shithole Portugal, where a starting sallary, if even paid, can be around 7-8k, and a house costs around 130k.

>>12819560
That's the average for all subjects. You can't just make shit up cause it doesn't agree with your view lol

>>12819587
And now imagine Paris, where getting 70k after tax puts you in the 1% but have to pay at least 1.5m to get a place where you can raise a 4 persons family.

>>12819448
>more than 50% of your montly net income going towards mortgage
>putting 100% of your savings into a house
both options are retarded. Also, 200k homes only exist in areas where 50k/year jobs are difficult to come by or undesirable location.

It really isn't, it's just poor fag coping with low impulse control

t. bought house with minimum wage job

>>12819448
Places where homes cost $200,000 don't start at $50,000 also college graduates are largely unemployed and have student debt, also you aterent factoring cost of living.

But you are not wrong that millennials are buying stupid shit. If your car payments more then $300 and you are complaining about being broke that's your fault.

>>12819630
as opposed to losing 98 percent of your initial investment in crypto? Sit down and shut your fookin mouth

>>12819645
These are all averages

Retard

I have a bachelors and make $25k/year. the average house here is 700k

>>12819654
>implying crypto is the only alternative to buying a house

>>12819669
And?
Small towns where there are no jobs have surplus housing. Cities where there are jobs have shortages. House ownership is higher in small towns than big cities. As a general rule small towns dont have many STEM or Business jobs. It's a lot of mining, farming and manufacturing jobs which you can do well in but don't require degrees.

>>12819448
What are expenses?
What are taxes?
The median house price is closer to 250K

Brainlet the post

>>12819734
implying the average neet on this board invests in anything else

I just bought one in downtown in a SoCal city
$320k price
$40k downpayment
$1800 monthly mortgage (30 years at 4.375%)
$450 HOA fees (garage and gym onsite)

>>12819740
Unless you have some way of proving earnings aren't rising with house prices fuck off

So much blatant lying >>12819645
You know the average debt is about 40k?

>>12819630
And you are paying around 50% of your monthly net income towards rent?

Amazing. Really amazing. Welcome to /biz/

>>12819791
I meant to say underemployed.

>>12819763
youre ganna get robbed by a bum and mexiniggers

>>12819817
Average and median are waaay too close for this to be true

>>12819794
You're putting words in my mouth, you crusty cumsock.

>>12819448
Brainless Boomer detected...

>>12819697
you've been absolutely cucked m8, I'm so sorry

>>12819448
>200k

Maybe in bumfuck nowhere where you live

>>12819933
yeah I fucked up by choosing Economics as my major. turns out theres no jobs for this. So now Im studying data science in my downtime

>>12820181
I had a $60K starting job with an econ degree from a state school.

You are either autistic and can't interview or graduated with less than a 3.5 GPA

>>12821678
Not him but would a doubler major in accounting/finance with a 3.2 gpa from state school have a good shot?

>>12819448
it's not hard. I bought a decent house a few years ago as a single dude. Best thing i ever did. not hard at all

>>12821678
What job? I never get a call back. actually I did get some offers but they were just way to far from, talking about 4 hour commute total

>>12819763
>$450 hoa fee
holy shit

>>12819763
Not sure id consider this a house.... Sounds almost like a condo with those HOA fees. I own a condo now, and although it isnt the best investment equity wise, it fits the needs for my current lifestyle the coming 5-10 years.

>>12819622

Anyone who bought BTC after 2k has room temperature IQ. Anyone that bought a SINGLE crypto after October 2017 has borderline retard IQ

>>12819697
I've never stepped foot in a college and i make 70k doing seasonal work :DDD. Thinking of going for personal enrichment reasons though

>>12819448
Alright Mister Golden Face. Why don't you show us what your 50,000K a year budget looks like.