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Ecofolux2427 OP t1_izo27sr wrote

Reply to comment by Coffee_cat262 in What gives, landlords?? by Ecofolux2427

I want cash in hand for buying a house. I can only withdraw up to 10K from by Roth (penalty free) as a first time home buyer. So I don't want all my money locked up.

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Wtf_is_this1234 t1_izo3u78 wrote

You don't have enough for 20% down on most properties in the area. You may as well just look at an FHA loan although tbh you're probably going to remain house poor even then. You just don't make enough to afford a house here.

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Ecofolux2427 OP t1_izo5j27 wrote

My family will help out a little with the down payment and my soon to be wife will make 2x what I make. You're right though. On my salary alone there is no way I could buy a home here.

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UniWheel t1_izp1yxe wrote

>I want cash in hand for buying a house.

Then you don't want to be blowing 50% of your income on rent

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