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re: Wise friends of the MB: Am I anywhere close to buying a home? UPDATED pg. 3

Posted on 7/20/15 at 9:00 am to
Posted by I Love Bama
Alabama
Member since Nov 2007
38420 posts
Posted on 7/20/15 at 9:00 am to
quote:

3) I've got two roomates that will pay about 70% of my mortgage and 66% of utilities.


I'm a firm believer this will fast track your wealth.I did this in my early 20s. Roomies covered MORE than mortgage for 4-5 years and we split utilities 3 ways. My housing expenses were less than $100 a month and that allowed my savings rate to blow through the roof.

Nice job!
Posted by Delacroix
Member since Oct 2008
4026 posts
Posted on 7/20/15 at 9:47 am to
Congrats! I had two roommates helping me pay my mortgate for the past two years. It definitely helps tremendously! But mine just moved out last week.
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