Single is tough, it is arguably much easier with double income. You can buy a 250k home with 5% down ($12,500) and have a monthly payment of $2,107. For one person that is a lot, for two people to split is easier. If you have 20% $50k to put down, it's $1684. You can also buy a condo. The most important thing is that you get out from paying rent. 10 years of renting x $1500 is $180,000 and nothing to show for. If you'd have bought a house 10 years ago, you would have already paid off a good portion and gotten some appreciation..
thank you Marcus!
How the hell are single middle class people supposed to get a starter house
Single is tough, it is arguably much easier with double income. You can buy a 250k home with 5% down ($12,500) and have a monthly payment of $2,107. For one person that is a lot, for two people to split is easier. If you have 20% $50k to put down, it's $1684. You can also buy a condo. The most important thing is that you get out from paying rent. 10 years of renting x $1500 is $180,000 and nothing to show for. If you'd have bought a house 10 years ago, you would have already paid off a good portion and gotten some appreciation..