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pw7090 t1_j698g4s wrote

Reply to comment by _PM_me_your_MOONs_ in Found some old Reddit threads from 15 years ago talking about the 07-08 recession by Fantastic_Bar3109

That's me to a T.

Had about 25k saved up (3 years savings), but houses in my area are $400k+, so I wasn't even close to being able to afford.

Having a baby soon, so since savings was about to go to $0, I "took the chance" on gambling in the market last year...and lost it all.

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[deleted] t1_j6b3gmq wrote

[deleted]

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pw7090 t1_j6bb6bz wrote

The mortgage would be way too high. We would have needed to put over $100k down in order to be able to make the monthly payments, even with the old 3% rates.

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