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Posted on 4/10/18 at 11:16 am to trillhog
quote:
i could hustle that up on a weekend.
don't you spend your weekends mailing out flyers stating that you are in the neighborhood?
Posted on 4/10/18 at 11:17 am to fareplay
Yeah I don’t think anyone here can counsel you on how to save money in a town that is ridiculously expensive to live in and a starter house will be what, 750k or more?
Posted on 4/10/18 at 11:17 am to StringedInstruments
quote:
StringedInstruments
How's the job hunt coming?
Posted on 4/10/18 at 11:17 am to Upperdecker
quote:
You’re gouging yourselves by eating out every meal. Eat cereal for breakfast, make sandwiches or salads for lunch, and make oven ready meals for dinner. Repeat until you’ve saved enough for a down payment
They live in San Francisco. Unless they're expert computer programmers or successful start up executives, they will probably never afford to own a house.
They need to move to a new city.
Posted on 4/10/18 at 11:17 am to fareplay
quote:
We may 2700$ a month.
Is this net, per month?
May need to rent until you get your paper up, son.
Posted on 4/10/18 at 11:17 am to fareplay
quote:I found the damn problem
SF bay area. San Mateo to be precise.
Posted on 4/10/18 at 11:17 am to Mingo Was His NameO
quote:
How's the job hunt coming?
Have a final interview in Fort Worth, TX in two weeks. Fingers crossed.
Other than that? Terrible.
Posted on 4/10/18 at 11:18 am to Goldrush25
That’s his rent payment, not income.
Posted on 4/10/18 at 11:18 am to tigerfoot
My first house was 60k with only 5% down.
Like a months rent for the OP
Like a months rent for the OP
Posted on 4/10/18 at 11:19 am to Goldrush25
quote:
Is this net, per month?
I think he's saying they pay $2700 a month for rent.
I think.
Posted on 4/10/18 at 11:20 am to Goldrush25
We make around 140k net a year(?) that may change cuz wife got a raise.
Posted on 4/10/18 at 11:21 am to fareplay
I'm not sure what the requirements are now but you may only need 5% down or less. In the past it was 100% and they offered first time home buyers money towards closing costs and down payment. Not sure if that program still exists though.
Posted on 4/10/18 at 11:21 am to fareplay
You would be living large in other parts of the country... San Francisco not so much.
Posted on 4/10/18 at 11:22 am to fareplay
First you need to track exactly where all the money is going. Get the Mint app and use it religiously. It should be easy to see where you can cut spending.
Posted on 4/10/18 at 11:22 am to fareplay
1 year, but to be fair I had some savings already and lived for free that first year (mostly traveled for work, so just kept my stuff at parents house). bought a cheap starter home so not to difficult to get my 20%
Posted on 4/10/18 at 11:24 am to fareplay
I graduated law school right before the big silicon valley salary bumps and when you could get a loan on a song. Zero down, interest-only jumbo loan after a year out. Insane. We all saw how those practices played out!
Posted on 4/10/18 at 11:25 am to fareplay
quote:
We make around 140k net a year(?) that may change cuz wife got a raise.
You have $9k per month after rent. If another $3k goes to utilities & car payments (generous), $1k for student loans, and $1k for eating out, you still have $4k. It’s time to start closely tracking to figure out where that money is going.
Posted on 4/10/18 at 11:26 am to Evil Little Thing
quote:
That’s his rent payment, not income.
Yikes.
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