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re: The math for buying a home no longer works, per WSJ
Posted on 12/20/23 at 10:27 am to 904
Posted on 12/20/23 at 10:27 am to 904
quote:
Or you could buy a house with 0% (zero) down like we did
I bought a home with 0% down through the USDA rural program in 2013. It was pretty sweet.
I don't own a home now, and I don't really have much interest in getting back into home ownership. However, to deny that the barriers are extremely high for anybody trying to get into home ownership is just burying your head in the sand.
And lol at the people saying FTHBs should just buy a fixer upper in a high crime area.
This post was edited on 12/20/23 at 10:28 am
1
Posted on 12/20/23 at 10:31 am to GetCocky11
quote:
I bought a home with 0% down through the USDA rural program in 2013. It was pretty sweet.
I don't own a home now, and I don't really have much interest in getting back into home ownership. However, to deny that the barriers are extremely high for anybody trying to get into home ownership is just burying your head in the sand.
It was the only path to homeownership for us that wasn't in the ghetto (which presents it's own costs obviously). Found a mortgage product from Regions which lets you buy with 0% down and no PMI if you have a high credit score and make under a certain amount annually. Only downside is that the rate is like 0.3% higher than market, but we got in at 3.8%. No regrets.
The barriers are real.
This post was edited on 12/20/23 at 10:33 am
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