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Reply to "If you were given a starter house and had no student loans…"
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[quote=Anonymous][quote=Anonymous][b]This was me[/b]. No loans, [b]downpayment given.[/b] Sadly I married a husband with 80k in loans who had a car that needed replaced asap (broke down nonstop). The house [b]my parents gave me the downpayment[/b] on was 400k. I sold it for a 200k profit. Bought the 800k house of our dreams (worth 1.2 a few years later). $1100 PITI. We make 250k now, 3 in daycare and have lots leftover monthly. Our only debt is the $1100 mortgage and PITI. We’re still frugal. We likely only would have had one kid with our salary and not 3. Everyone we know has 4k a month mortgages and has car payments. [/quote] This was not you. The OP wrote, "If you were given a starter house...". A down payment is [b]NOT[/b] the same as being given a starter home. [/quote]
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