Buying a 300k home doesn't mean you have 300k, it means you have 30k equity in a home and a 270k mortgage
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That’s fair. I recognize that there are parts where $300k is on the low end. But his bitching about not affording a $300k house AND a $400k college degree is horseshit in a large portion of the US.
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i agree, it's all twisted and spiritually depraved. personally, i should have started having kids a decade ago even if i had to live in my parents' basement. but all the same, i've had a $500k bid on a 2br rejected (no counteroffer, seller had no higher bid)
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The housing market is fascinating—even if morbidly so. I’m working out ~$170k mortgage to put a 1800sq.ft. house on 37 acres of land I just bought earlier this year—half of that amount being refinancing the land.
End of conversation
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