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re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.
Posted on 4/29/24 at 4:37 pm to baldona
Posted on 4/29/24 at 4:37 pm to baldona
quote:
If you can’t afford a 20% down payment, save
I almost posted in the wall street journal thread about real estate how this advice absolutely screwed a lot of people. Like many things, blanket advice is no substitute for individual decision making.
I never saved 20% for all thee home purchases I made between 2014-2020.
Someone trying to obtain that number may have not only got owned by rocketing prices, their borrowing costs tripled.
This post was edited on 4/29/24 at 4:40 pm
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