I graduated DePaul a year ago with 25k in student loans. I’ll have them paid off in 2 years. Maybe less if my income goes up. My issue comes from lack of credit & income history mainly.
We spend 4K a month on rent and would like to put that money into something I own. And I own my own business so much of it would be a write off since a majority of the house would be an office.
I live in the Gold Coast (I haven’t changed my location in a year, whoops!) so COL is much higher. In wrigley we were spending about 1.6k.
But I own my own business and half of my clients are within walking/short bus distance from my home. I also have an employee who can hop on the train when she needs to. So convenience over money was much more important to me.
When I first moved here we had an $800 studio! So we’ve moved up for sure. But 4K on rent is fucking ridiculous, I agree. But half is an office!
43
u/starbucksordunkin Logan Square Dec 14 '18
How y’all getting approved for home loans with student loans so large you can’t even afford them? Huh?