I managed to buy a small house during the weird financial stuff going on during covid. As much as this gif is accurate, I like it better than renting.
this post was submitted on 29 Apr 2025
59 points (100.0% liked)
AskUSA
534 readers
161 users here now
About
Community for asking and answering any question related to the life, the people or anything related to the USA. Non-US people are welcome to provide their perspective! Please keep in mind:
- [email protected] - politics in our daily lives is inescapable, but please post overtly political things there rather than here
- [email protected] - similarly things with the goal of overt agitation have their place, which is there rather than here
Rules
- Be nice or gtfo
- Discussions of overt political or agitation nature belong elsewhere
- Follow the rules of discuss.online
Sister communities
Related communities
founded 4 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Own outright. That means pay off the mortgage. To get there I purchase at a price I can get a 15 year mortage but actually get a 30 year mortgage with the intention of paying as if its a 15. Take a few months at 30 to build up an emergency fund but once its well funded do the pay like its a 15 thing. Back off during emergencies. Im unemployed and reducing my expenses to bare bones. This means getting a place much poorer than the typical person at your income level. If you can't afford doing this expect to be underwater during a crises.