this post was submitted on 04 May 2024
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3 years and anon came up with enough to buy his own house in cash. Im thinking anon is a drug dealer or a very good prostitute.
I actually have an engineering friend who did this and he did it in 2 years. Dude had no life, but he put a full down payment on a 750k house in two years. So I guess technical jobs just pay well enough
Thats a down payment, anon bought that shit straight cash. You figure the average down payment is 20% so.. 150K+ for your friend, thats no chump change either. Does he stay out late at night, maybe looks frazzled all the time?
There are decent rural homes you can get for 200-300k within range of civilization in more places than you think
There's also still 100k-200k properties in cities if you don't mind anything left on your porch being stolen
An FHA loan is only 3 percent, about $25,000
Well and the OP says he paid for the house in cash, vs just the down-payment, which could be as low as $37.5k for a $750k house. That's a lot of money but across 2 years that's $1600/mo, basically exactly what you'd expect to save on rent. Could also be significantly higher obviously too, if they went for 20% or something.