“A single person could save 75k per year easily and a small family could save 50K or more. I can sympathize if there are alimony issues and issues like…”
Rustico are f*cking kidding me??? $75K a year???!!!! Can you do math or not man? That is $6,250 per month!!!
A single person could live on less than 25k a year with some motivation,Hundred of thousands are doing it in this county mostly by looking for a room to rent and buying second hand cars. I have three kids. I own my home free and clear but taxes, ins, ect come near to rent of a 3 bedroom condo in modest situation. We could live on 45K a year with passes to go to all the kid friendly places in SD that one can imagine.Yes my friend,I can do the math necessary to know that. I have been doing it for years . No we do not have public assistance(wouldn’t use it if we could)! We average more than 45k a year but can live on that.
SD R makes a point about 401k and I would say, take that out because the debate is buying a house when the entry point is right. I am assuming most of you guys are pretty young.My house is paid for because I did what you guys are trying to time and now I can save what would have been going to the mortgage and the mortgage is fixed permanently at $O. Not liking my priorities that is another thing. BTW I have averaged 800 a year toward car purchases and never, ever had a major repair. Yes, austerity would be a requirement,not so much at 230k a year.
Best wishes,
