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All my friends who own houses had them paid for by their parents
Link will pay for both your houses anon.
>>17290652stop bragging about how many friends you have.
>brother brags about how well he's doing because he owns a house >got it at like 40% market value on top of being given a large sum for a deposit on a mortgage by the owner
>>17290652Imagine being concerned about things you cant change
>>17290718You could destroy them
>"It's cool, Anon. In 25 years it'll all be mine. Mortgage paid off, my dream, Anon. I figure once the kids go off to college we can downsize, and do it again."
>>17290652what are these "friends" and "parents" that you speak of?
>be me post 2008 crash>see cheap houses in local town>working only a couple years, no savings>ask big family if we can pool money to buy to rent it out>maybe in future one of us needs a house, may be useful. Its really cheap>no anon, you can go for it if you want>couple years later younger brother has kid>house prices now returning to normal>have to scrape money together for deposit>brother has house, with parents financial help>brother gets good job through gf parents to look after new senpai>be me>still saving for first deposit after some setbacks
>>17290837Ohhh woe is fuckin' u innit?
>>17290652All you need is 5% down, plus 2-3% for closing costs. Keep the payments under 25% of gross income if possible. Sometimes it's fine to stretch, especially if you'll get some above-average raises. If you're in SF or NYC.. doesn't make sense to buy unless you're making over $200k/year. Invest the money instead.