Condos! Best of both worlds. Especially in a dense city, a standalone house isn’t really feasible when you can fit 8+ families into the same lot.
Condos! Best of both worlds. Especially in a dense city, a standalone house isn’t really feasible when you can fit 8+ families into the same lot.
Meh fuck the commercial real estate market. Turn all the buildings into micro apartments or tear them down and install fields of solar panels.
Why the fuck would any office worker whose job is 100% on a computer need to be in an office? I don’t understand why companies want to pay for all of that electricity and real estate just to make people sit in cubicles.
Don’t forget AGILE. That should solve all of their problems, right?
I worked at banks for most of my career and was engaged to the lead mortgage lender, and together we hosted quarterly free events for our community to show people how to get into homeownership. I suspect you’re lying in bad faith to try to scare people out of homeownership and push the agenda that Millennials and Gen Z can’t own a home. I encourage anyone reading this to do their own research and contact their bank’s mortgage team to determine if its feasible for them.
Over half of millennials are already homeowners, and I’d love to see that number go up.
PMI would be $1200 in your example, not $2500.
In what reality is PMI close to a rent payment? It doesn’t seem like you know what you’re talking about.
I think you’re dramatically overestimating how much it will add to a mortgage to use this strategy. For example, let’s look at a $250,000 home - the average for my area.
If you put 20% down, your payment will be $1242/mo plus Property Taxes. Certainly cheaper than rent, but most folks don’t have $50,000 sitting around.
So let’s say you put $0 down and roll $9000 closing costs into your mortgage. Your monthly payment will be $1,843 of which only $214 is PMI. Still cheaper than the average rent in my area.
Even if you’re buying a $1mil home with this strategy, the PMI would only be $850/mo. Where are you getting that PMI would be close to a mortgage payment?? You seem to be regurgitating bad faith advice that keeps people scared of homeownership when the reality is that it’s an excellent move for many folks.
Reach out to your bank. If they have nothing, call your local credit unions.
I went thru USDA for my first home and they had similar constraints. Talk with your bank’s mortgage lender. It’s possible that an FHA loan would do you better.
In the US, if you’re a first time homebuyer you can buy a home with zero cash in hand. You can roll closing costs into the mortgage and have no down-payment. You’ll pay more out of pocket for a few years but in many areas it’s still cheaper than rent - and rent just keeps going up while a mortgage stays the same. Many states also have free programs where you can take a class and they’ll give you a grant towards buying a home.
Credit unions tend to have the best rates. Get into a credit union even if it’s just a secondary account that you toss $5 into each paycheck.
Also, there are programs through Fannie Mae and Freddie Mac for first time homebuyers that prioritizes them over investors. This is the easiest way to get into homeownership but the houses are usually fixer uppers.
Don’t sleep on the potato soft taco.
I can’t imagine a scenario where a person who needs to work on a computer will not benefit by typing quickly and accurately.
I’m pretty sure most jobs involve typing on a computer in some capacity
You seem to have misunderstood the assignment
Buy a prepaid visa with cash. Not technically a credit card, but it may be what you’re looking for.
It depends highly on what you will be programming.
Homeless at 18. First apartment at 20. Put myself through college going part time while working 2 jobs, 21-25. Bought my first home at 29. Hit 6 figures at 33. Now in the top 10% of earners in my city.
I had no one, no support network. Just me and a goal and strategic hard work every single day.
The tough part is I’m now in my mid 30s and have had very little life experience because all I’ve been doing is working. Never been on an airplane or have been on a vacation. No passport or friends or social life outside of 2 internet friends. It’s been tough to sit down and figure out what will actually make me happy now that I’ve achieved my life goals.
I’m gonna take one for the team and try out the alpha on my steam deck. Wish me luck.
Cloud infrastructure is great for this. You don’t need your own data center when you can just rent space on a farm. As a bonus, it’s less work for the IT team who no longer have to deal with server hardware upkeep.