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re: Questions About Buying House
Posted on 8/16/13 at 8:20 am to CP3LSU25
Posted on 8/16/13 at 8:20 am to CP3LSU25
quote:
You saying its crazy to put 20% on a house now a days?
No its not crazy but it depends what age group you are asking and what their situation is. There is no way the average young couple will come up with 20% unless they have gift funds from family or make well above average pay(like $150K and up) on a decent house. Most are just getting done with college and have student loan debt(again this could of been paid for by family in which case there are golden). The market where you live in is a big factor because prices vary. In my neck of the woods a decent house is at least $185K-$200k. $40K downpayment(not to mention other costs) will usually clear all the liquid cash you have.
1
Posted on 8/16/13 at 8:28 am to AUtigerNOLA
Yeah. I'm trying to buy a house around Lafayette. I can't find anything decent under 170k. I have the 20% to put down but I don't wanna throw all my cash out the window at one time
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