Why can I not get a loan?

[sdduuuude]

esmith – exactly. That’s why 0 down is best. i.e. don’t buy it. Doesn’t make sense to want to preserve capital in case of bad times, yet buy a house that could be rented so inexpensively.

[scaredyclassic]

if greedy banks are scared to lend the money, that’s a sign from the universe that you should be afraid too!

[scaredyclassic]

if greedy banks are scared to lend the money, that’s a sign from the universe that you should be afraid too!

[scaredyclassic]

if greedy banks are scared to lend the money, that’s a sign from the universe that you should be afraid too!

[scaredyclassic]

if greedy banks are scared to lend the money, that’s a sign from the universe that you should be afraid too!

[scaredyclassic]

if greedy banks are scared to lend the money, that’s a sign from the universe that you should be afraid too!

[ncounty4]

For the record, we don’t feel “entitled” to anything. At 30 years old, we have paid off $150k in educational, consumer and auto debt from our younger years. We have also saved $150k+ not including maxing out our retirement accounts.

We don’t spend money on travel, clothes or expensive dinners. We live an extremely frugal life centered on saving for our kids and ourselves.

But I guess that just makes me “crap.” Seems like most of the nasty comments seem to be generationally-motivated…older people can’t believe that we can actually afford the payments on a $700k home…easily! Guess we should just live in a hovel until we’re 50.

[ncounty4]

For the record, we don’t feel “entitled” to anything. At 30 years old, we have paid off $150k in educational, consumer and auto debt from our younger years. We have also saved $150k+ not including maxing out our retirement accounts.

We don’t spend money on travel, clothes or expensive dinners. We live an extremely frugal life centered on saving for our kids and ourselves.

But I guess that just makes me “crap.” Seems like most of the nasty comments seem to be generationally-motivated…older people can’t believe that we can actually afford the payments on a $700k home…easily! Guess we should just live in a hovel until we’re 50.

[ncounty4]

For the record, we don’t feel “entitled” to anything. At 30 years old, we have paid off $150k in educational, consumer and auto debt from our younger years. We have also saved $150k+ not including maxing out our retirement accounts.

We don’t spend money on travel, clothes or expensive dinners. We live an extremely frugal life centered on saving for our kids and ourselves.

But I guess that just makes me “crap.” Seems like most of the nasty comments seem to be generationally-motivated…older people can’t believe that we can actually afford the payments on a $700k home…easily! Guess we should just live in a hovel until we’re 50.

[ncounty4]

For the record, we don’t feel “entitled” to anything. At 30 years old, we have paid off $150k in educational, consumer and auto debt from our younger years. We have also saved $150k+ not including maxing out our retirement accounts.

We don’t spend money on travel, clothes or expensive dinners. We live an extremely frugal life centered on saving for our kids and ourselves.

But I guess that just makes me “crap.” Seems like most of the nasty comments seem to be generationally-motivated…older people can’t believe that we can actually afford the payments on a $700k home…easily! Guess we should just live in a hovel until we’re 50.

[ncounty4]

For the record, we don’t feel “entitled” to anything. At 30 years old, we have paid off $150k in educational, consumer and auto debt from our younger years. We have also saved $150k+ not including maxing out our retirement accounts.

We don’t spend money on travel, clothes or expensive dinners. We live an extremely frugal life centered on saving for our kids and ourselves.

But I guess that just makes me “crap.” Seems like most of the nasty comments seem to be generationally-motivated…older people can’t believe that we can actually afford the payments on a $700k home…easily! Guess we should just live in a hovel until we’re 50.

[leucadiarenter]

nc4 – agreed that there were some pretty lame comments re: your post. Probably alot of cranky baby boomers today after the next gen has taken the reigns. ;).

But from a stranger in the same generation and demo brackets, focus on homes where you can put the 20% down, sounds to be in your proper income range…but more importantly, be patient if you can. There isn’t a house in SD at 800K right now that won’t be dropping significantly the next couple years…

[leucadiarenter]

nc4 – agreed that there were some pretty lame comments re: your post. Probably alot of cranky baby boomers today after the next gen has taken the reigns. ;).

But from a stranger in the same generation and demo brackets, focus on homes where you can put the 20% down, sounds to be in your proper income range…but more importantly, be patient if you can. There isn’t a house in SD at 800K right now that won’t be dropping significantly the next couple years…

[leucadiarenter]

nc4 – agreed that there were some pretty lame comments re: your post. Probably alot of cranky baby boomers today after the next gen has taken the reigns. ;).

But from a stranger in the same generation and demo brackets, focus on homes where you can put the 20% down, sounds to be in your proper income range…but more importantly, be patient if you can. There isn’t a house in SD at 800K right now that won’t be dropping significantly the next couple years…

[leucadiarenter]

nc4 – agreed that there were some pretty lame comments re: your post. Probably alot of cranky baby boomers today after the next gen has taken the reigns. ;).

But from a stranger in the same generation and demo brackets, focus on homes where you can put the 20% down, sounds to be in your proper income range…but more importantly, be patient if you can. There isn’t a house in SD at 800K right now that won’t be dropping significantly the next couple years…

[Author]

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