Housechads, enlighten me.

[Anonymous No.49484500]

I have saved up around 150k to put towards a house. The houses and properties that I’m looking at list between 150k and 200k.
Is it more beneficial to put a 20% down payment, or something closer to 50%?

[Anonymous No.49484634]

Where do you live that this is $200k? Good god that is shit lmao

[Anonymous No.49484641]

>>49484500
20% which allows you to keep the remainder as liquid potentially in an offset account which you can use for investing in other things if need be.

[Anonymous No.49484803]

>>49484634
Coastal maine, has an acre of property.
>>49484641
That makes sense, thank you.

[Anonymous No.49485610]

>>49484500
If you're going to buy...
1) Buy a house (if you can) that hasn't been built yet. Developers will want to sell ASAP to recoup costs and give cheaper prices.
2) Buy a house on the outside of a developing area. That's as cheap as it's going to get and within a few years they'll develop past that property, therefor increasing the value of yours for being closer to whatever school/attraction there is.
3) Wait for a change in the market. This is key. In 2008 a specific house for 400k was listed at 200k a year later after the crash. The value for the same house came back to 400k in less than two years. In other words, you would have saved 200k by not spending it to buy the house, then made 200k by not forcing the issue. The price doesn't determine the value, the market does.

There's a whole 'nother factor in this that nobody talks about... it's what the elites plan. If you know that, it's hard to fail, just do what they do... and right now? They're buying commodities, like land.

[Anonymous No.49486090]

>>49484803
Something tells me you aren't from Maine if you are seriously considering buying this lol

[Anonymous No.49486415]

>>49484500
>>49484634
>>49484641
>>49484803
>>49485610
>>49486090
sneed

[Anonymous No.49486433]

Instead of buying that cringe shit get some BITCOIN

NFTs http://www.hpos10i05nfts.com
DAO https://snapshot.org/#/hpos10i05.eth

[Anonymous No.49486582]

>>49484500
>Bought a 150k house for 100k
>have only 20k to my name
Would I make it bros?

[Anonymous No.49486626]

>>49484500
I was in the same position. I ended up going for a 250k house in Indiana suburbs.
Its not bad, but I put 50% down and only got like 10k left to my name lol.
It works for me since mortage is payed by my pension (military)*, so yeah, its a good investment

[Anonymous No.49486665]

>>49484500
half a year ago interest was so low, 20 percent down made sense. Now interest is higher, so you can also go 30 or 40 percent in.

[Anonymous No.49487236]

Coast of Maine rules, don’t mind the haters.

[Anonymous No.49487594]

>>49486582
debt fags will tell you other peoples money and all that shit, but honestly having done it both ways, just owning a house outright is hands down better mentally(for me).
its yours, pay the taxes, take care of it, and you have a place to live forever.
usury is bad.

[Anonymous No.49487610]

>>49484500
gonna need to trim them shrubs

[Anonymous No.49489383]

Put 100k down and finance the rest on an a 15 year fixed could even do a shorter term loan I'd imagine, will be cheap and you'll have 50k to fix any shit you dont like or needs doing.

[Anonymous No.49489611]

>>49484500
interest rates are a reflection of risk. so, the smaller the deposit you put down (i.e., your stake in the deal), the higher the rate of interest you'll be charged. play around with mortgage websites to see the best rates available to you

[Anonymous No.49489838]

>>49485610
Yeah. The housing market is ramping up for another bust so keep your money ready

[Anonymous No.49489899]

>>49484500
I have 40k saved
Realistically should I just keep saving for a house or buy a new car
There’s this Honda I’m eyeing that looks really cool

[Anonymous No.49489971]

>>49489899
Buy 1 BTC

[Anonymous No.49490003]

>>49489971
>imaginary vidya money
Can I get real answers now

[Anonymous No.49490029]

>>49484500
minimum downpayment possible unless you get a significantly better interest rate or fixed term for more
every penny not in the house is more leverage in a market guaranteed to go up eventually and means you can just invest into other stuff
unless youre expecting total and complete market collapse and a paradigm shift to beartopia then you can bet on very safe stocks to get you at least 8% a year over 20 years
a mortgage is incredibly safe leverage maximize it

[Anonymous No.49490069]

>>49484634
Lol what? That house would be minimum 350k assuming that it's outdated and terrible inside. If it was nice inside, 450k easy.

[Anonymous No.49490077]

>>49489838
The rate of immigration is much higher than in 2008. The market will never go through such a burst again because shitskins and Chinese won’t stay where they belong. Buying at shitty prices decreasing supply and increasing demand.

[Anonymous No.49490938]

>>49490069
It needs updating and some yard work, but seems like a decent first home.

[Anonymous No.49490955]

>>49484500
>>49484634
>>49484641
>>49484803
>>49485610
GG INU, FOR WHEN THE MARKETS ARE GG
JUST LAUNCHED
HUGE LIQUIDITY

TG @gginubsc

0xCe25CDfB7a3647eAc4db1E794bfdC70dC1111C3a

[Anonymous No.49491125]

>>49484500
If you can get an interest rate of 7% or below you def want to max leverage

[Anonymous No.49491554]

>>49484500
>putting 50% cash on a house
>instead of accumulating during a bear market

What in the actual fuck is wrong with you anon do you think rich people buy their homes with 50% cash? Get the fuck out of my board

[Anonymous No.49491684]

>>49484634
What buttfuck nowhere shanty town do you live in where it costs less than that

[Anonymous No.49491769]

>>49484500
put 50k down on a 200k house and put the other 100k in bitcoin. wait 2-4 years and you could pay off the rest of the mortgage with your bitcoin gains.

[Anonymous No.49491794]

That’s a nice first home anon. Personally I would put 50k down and that would put you around ~1k in a mortgage depending on taxes if you bought it for 150k. Invest the rest and be comfy knowing that even a shit job can afford that house.

[Anonymous No.49491877]

>>49489899
Are you stupid? Why would you spend your entire savings on a car?

[Anonymous No.49491992]

>>49491877
Car is like 25k
Am asking because idk if it’s better to keep saving or buy something

[Anonymous No.49492053]

>>49484500
with the current environment I'd aim for the highest down payment you can afford on a 15 year. Look at an amortization table with 5% fixed rate and it should be obvious why.

[Anonymous No.49492094]

>>49487236
No Maine is awful, don't look into our demographics/crime rates. Stay out