#down-payment-savings

[ follow ]
#home-affordability #personal-finance #inflation-and-cost-of-living #intergenerational-wealth
NYC real estate
from24/7 Wall St.
20 hours ago

Dave Ramsey Challenges Young Earner's Generational Blame Over $650,000 Home Gap

Saving a consistent share of take-home pay can produce a down payment within a few years, while resentment and low savings rates keep renters stuck.
fromThe Mercury News
5 months ago

California homebuyer's goal: Save $18,200 annually for 5 years

The report pondered how long it would take to save 10% of the median purchase price, a common goal for first-timers, assuming the wannabe owner saved 10% of income left over after paying taxes and life's "essentials," using the median household income. Of course, the California "affordability" numbers were ugly. For starters, the Golden State has the highest down-payment goal: $83,200 vs. a median of $38,750 across the 50 states. After California came Hawaii at $74,400, and Massachusetts at $63,900.
Real estate
[ Load more ]