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What % of home buyers have extra savings after Buying a home?
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Date: August 4th, 2020 12:44 AM Author: drab psychic In high COL, people seem to be overstretching. I read somewhere that you’re supposed to have an extra 10% of the home purchase price stashed away in savings as an emergency fund. Are people actually doing this? (http://www.autoadmit.com/thread.php?thread_id=4597263&forum_id=2#40703465) |
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Date: August 6th, 2020 12:29 AM Author: lilac native hissy fit the 10% can be in their 401k's though, LOL (http://www.autoadmit.com/thread.php?thread_id=4597263&forum_id=2#40713349) |
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Date: August 6th, 2020 12:33 AM Author: drab psychic So are we unnecessarily stressing about saving 20% of purchase price plus having another 10% of purchase price in liquid savings? (http://www.autoadmit.com/thread.php?thread_id=4597263&forum_id=2#40713356) |
Date: August 4th, 2020 12:47 AM Author: cheese-eating degenerate most people buying homes are probably putting like 5% down and its their entire savings (http://www.autoadmit.com/thread.php?thread_id=4597263&forum_id=2#40703471) |
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Date: August 4th, 2020 12:53 AM Author: thriller yellow new version sandwich i put 10% down and it was the best thing i ever did. 6 months later i got another mortgage that valued the house at 15% more (without an appraisal!), so i was able to drop the mortgage insurance--and interest rates dropped 0.5% in the meantime as well.
if i had put 20% down, that extra money wouldn't have been in the stock market, where it earned a 14% return in 6 months. |
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Date: August 4th, 2020 12:55 AM Author: cheese-eating degenerate thats awesome
how old are you supposed to be when u buy a house |
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Date: August 4th, 2020 12:56 AM Author: thriller yellow new version sandwich dunno. my dad was 31 when he bought his first house. so was i. (http://www.autoadmit.com/thread.php?thread_id=4597263&forum_id=2#40703494) |
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Date: August 4th, 2020 12:57 AM Author: cheese-eating degenerate yeah thats around how old my dads were (http://www.autoadmit.com/thread.php?thread_id=4597263&forum_id=2#40703505) |
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Date: August 4th, 2020 12:58 AM Author: thriller yellow new version sandwich did they buy a single house. or two. (http://www.autoadmit.com/thread.php?thread_id=4597263&forum_id=2#40703507) |
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Date: August 4th, 2020 12:58 AM Author: cheese-eating degenerate they bought one floor of a triple decker in cambridge (http://www.autoadmit.com/thread.php?thread_id=4597263&forum_id=2#40703510) |
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Date: August 4th, 2020 1:00 AM Author: thriller yellow new version sandwich did their upstairs neighbors ever notice the sound of their fuck swing
also don't lie it was fucking somerville you bastard |
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Date: August 4th, 2020 1:03 AM Author: cheese-eating degenerate no both of my dads are 130 pound twinks with mega AIDs so they werent very noisy but the next door neighbors probably woke up and couldnt fall asleep when i went to town on their asses
it was cambridge the schools were better |
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Date: August 4th, 2020 1:00 AM Author: Comical School Cafeteria (http://www.autoadmit.com/thread.php?thread_id=4597263&forum_id=2#40703514) |
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Date: August 6th, 2020 12:28 AM Author: drab psychic My mortgage broker told me I need to put down 20% (http://www.autoadmit.com/thread.php?thread_id=4597263&forum_id=2#40713346) |
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Date: August 6th, 2020 12:27 AM Author: drab psychic (http://www.autoadmit.com/thread.php?thread_id=4597263&forum_id=2#40713344) |
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Date: August 6th, 2020 12:39 AM Author: Hideous skinny woman menage I put 20% down which was most of what I had. After some furniture (nothing crazy), power rack/weights, and a 65 inch OLED to round out the place, that was most of what I had.
That left me scrambling to scrape together small pittances to spend on ETH. The money I used for my down payment literally would have bought the house outright several times over had I made the same crypto trades with all that capital. Actually I probably would have made a lot more (per dollar invested) because I could have traded less defensively. |
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Date: August 6th, 2020 12:15 PM Author: drab psychic (http://www.autoadmit.com/thread.php?thread_id=4597263&forum_id=2#40714807) |