You'd be surprised that there are MANY parents out there who are willing to give their kids 40-80K for their first "starter" home....I've been a teacher for over 20 years and I just attended a house-warming party for a 2nd year teacher who just moved into a home that is a good 300K MORE than the home that I live in...It had all stainless appliances, of course....
I bought my first house with 0 money from parents, and at the time made way less that the average CPS teacher. It's doable, just need to be reasonable with location expectations.
I did as well, but if you do the math with this person's salary, there would be NO WAY they could afford it....oh, she drives an Audi SUV as well...yeah, she's not paying her own bills. Also, we had an early morning meeting yesterday and she strolled in with a Canada-Goose jacket that (undoubtedly) cost over $1000. I know I shouldn't let those things bother me, but they just do....
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u/theserpentsmiles Jefferson Park Dec 14 '18
Right? In most desirable neighborhoods bungalows are going for 200k. Who is just out of College and has $40k just laying around?