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Reply to "Is 300k the bare minimum income to buy a single family now?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Feels impossible to buy a house with a 2 car driveway and a yard unless you have a stable 300k/yr income. I make around this much and am still holding off because I don’t feel secure in my position. I could pay the bills just fine but if income disappears tmrw I’m screwed and my industry is laying people off left and right [/quote] [b]With that income you could buy a 500K house and pay it off in just 5 years or less. [/b] If you say you couldn't, then you are wasting so much money somewhere. 100K income family should be able to pay off a 500K house in 15 years with no problem. [/quote] Sure, if one is willing to commit tax fraud and starve his/her children.[/quote]
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