If you make 12 dollars an hour you can afford a $110,000 house.
12/hour = $1500 a month after taxes
Mortgage: $550
Homeowners insurance: $100
PMI: $100
Property Tax: $100
Monthly Repairs: $100
You still have $500 left over for food and other expenses. There is no reason to be a rentcel in today's day and age.
> a $110,000 house
Jeez user maybe there's a really good reason why a house would be that cheap?
>cheap mean bad. expensive mean good!
Also what the fuck, 500 is not enough for utilities, food and gas. You 100% live with your parents if you think that 500 dollars is enough.
you can't live by yourself with that wage, you have to marry a gay guy
>You 100% live with your parents if you think that 500 dollars is enough.
no you're just bad with money.
If you buy a house that cheap it has to be in the middle of nowhere so you need to add the price of owning a car (repairs and maintenance) and gas for said car. and then you still need to eat with the few bucks you have left if any.
>If you buy a house that cheap it has to be in the middle of nowhere
wrong
Now add the cost of internet. And gas. And car insurance. And food.
Holy shit it's so obvious that you live with your parents and you have no idea how much things actually cost, just leave.
Pull up real Zillow ads with these houses or stop wasting our time with this spam
food:200
internet:50
gas:70
car insurance:100
electric: 87
water:37
total: $544
Sorry idiot, go take a personal budgeting class or something. Just because you're dogshit with your money doesn't mean everyone else is.
>You have $500 left over
>but you need $544
You don't see anything wrong with this?
>PMI
Banker shill get the fuck out
>You don't see anything wrong with this?
solved by picking up an extra 4 hour shift once a month.
If you want to live with a 1 hour drive to the grocery store. High paying jobs demand that you pay a little more in housing. If you're going to retire, you can do this to minimize your expenses, but if you have enough money to retire you can also afford to live in civilization.
ok and i guess your mom will be paying your car and any repair you have to make? You wont ever buy a computer or phone to shitpost online? Never ever pay for any activity / new furnitures / anything at all? Good plan!
Oh look, you stopped making this thread with a thot picture.
Daily reminder that OP is a faggot and makes this thread every day without fail, for over a month straight. He is a liar and a child. He doesn't actually own real estate, and will never sack up and prove otherwise by posting time stamped pictures of his loan with terms, or a title. At most, he will post random pictures of houses, google results for loan terms he doesn't understand, or a random notary page.
It is possible that buying property right now is the right move for someone starting a family and putting down roots. But the market has been heavily inflated with QE money and foreign capital for a decade now. There are unironically desperate boomers trying to shame you into buying their incredibly heavy bags, before the bubble pops and and drops their only asset by 90%. Wait for the depression and pick it up on discount.
$110k house
LMAO yeah. those are available in fairytail land.
simple user math
just buy a house, easy
fuck this
They exist, but if you are going to retire you can buy them in cash.
Nobody will qualify for a 100k loan making $12 an hour, you dumb fucking cunt. Go back to /pol with your dumbass trolling.
$12 an hour * 2080 hours / 12 months = $2080 a month * .4 max qualifier = up to $832 monthly payment
I would see no reason other than if you have existing debt like student loans.
You're a kid that's never even applied for a loan.
All the recent real estate shilling is making me less inclined to look for a house and continue to enjoy not worrying about maintenance or taxes
>that fag who for some reason is so desperate to convince us all we should buy a house ASAP
my rent is cheap, and buying a house involves bunch of paperwork and research that I can't be arsed to do. Also, i'm trying to live my life without seeking validation of your spastic approval.
REAL MartgageChad™ here
I'd just like everyone to know OP is an imposter
even in my *daily* Rentcuck threads I ALWAYS provide an original OP, not regurgitated garbage like this thread.
Plus it's less risky to put money in REIT
>I-I'll just show them my Yu-Gi-Oh card collection. That should be enough collateral, r-right?
Who do you guys work for? Who pays you to make these threads every single day?
No, I don't think I will. I don't think I'll contribute to a system like that and there is nothing you can do about it.
there's all this empty land between San Francisco and New York that no one wants to live in. that's where the cheapie houses are. A lot of them are nice places.
>food:200
is it true that americans eat literal garbage? i pay ~$500 for groceries per month
cyn·i·cal
/ˈsinək(ə)l/
adjective
1.
believing that people are motivated by self-interest; distrustful of human sincerity or integrity.
"her cynical attitude"
I would rather live in a van @1500/month than rent/buy
I looked up the area that house is in.
"For Aliquippa, we found that the violent crime rate is one of the highest in the nation"
"based on the number of murders reported by the FBI and the number of residents living in the city, NeighborhoodScout's analysis shows that Aliquippa experiences one of the higher murder rates in the nation when compared with cities and towns for all sizes of population"
If you go on google maps street view its nothing but black people walking around.