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TopicAmerica: Too poor to buy homes, pay rent/car loan
BuzzyTheCat
11/23/17 2:51:01 PM
#110:


fire_bolt posted...
Fishy posted...
fire_bolt posted...

Nice try, but rent here is around $350/mo for a single bedroom and $500/mo for a two bedroom. And that $10,000 isn't an asspull number. It's what my grandmother paid to replace her roof last year in the same area as those rents. Remember, that's $10,000 OVER her monthly mortgage and home owner's insurance

Alright cool so that means house prices are pretty low and you can easily budget in $10k then.


A similar house to my grandma's is currently in the market for $140,000. Full size basement, around 2000 SQ ft. Not sure what a similar size house rents for


Then your math is very very off. $350 is barely half the mortgage payment a month without adding in any kind of property tax or home owners insurance. Either her house is worth a whole lot less than 140k, rent in the area is no where near $350 a month, or you are just making things up. Beyond that for what is basically a 1200sqft house (not counting the finished basement) unless she went and bought the most expensive slate tiles on the market, she didnt pay anywhere near 10k for a roof unless she got ripped off horribly.
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