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Reply to "Buying a first home - did you get the downpayment from your family?"
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[quote=Anonymous]We bought when I was 31 (two years ago) after living in a crappy apartment for 7 years to save up a downpayment of almost $100K (seriously, our apartment was old and run-down, but it was cheap and close-in). If you're making $100K, you can surely cut some fat out of your budget and save up -- we saved an average of $10K the years only one of us worked and the other went to school (and at that time, we were making more like $60K total), a lot more when both of us started working (and our HHI was about $110K at that time, now it's more). If we could do it even in the lean years, you can, too. I think you ARE wasting money on renting if you're spending more than $1200/month pre-kids (which I am assuming you are). Look for something dirt cheap and SAVE UP.[/quote]
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