20% down is a nice ideal, but life is not always ideal. I would say at todays prices 5% should be a minimum.
Thanks, paramount. I hadn’t explicitly ‘fessed up to my inclination to not hold off until I have the good old fashioned 20% ready. That comment makes me feel less guilty about it.
You make a 120k? I always seem to notice that people on this board state these incredible incomes, and yet in my own life I know very few people who make anywhere near 100k.
Yep. And it’s amazing how little it is, in the face of attempting to purchase a home that doesn’t suck. If you’re expressing skepticism, I guess I can share that. I’ve seen a lot of people glibly dropping big numbers for income that makes me wonder what they do for a living (and why I’m not doing that!)–or whether they’re lying.
