Well, I’ll be sure to pass that along to whoever made the meme. Now find me a house in my city for anywhere close to 200k and your point might be relevant.
In your city? No. The expensive market is there to get you to leave that city.
With $200K and applying the 4% time, you can get a small house in BFE for ~$60K (actually less, but I want you to live better than that). Leaving $140K for investing, which could get you more than $460/month for living expenses. More than enough to survive on debt free and without a car.
Man where you live and where I live must be completely different.
You are correct in that you can find a place to buy that’s $60k but the draw back is that as you said, you have to live in BFE.
Here… $60kusd gets you a 1000sq foot trailer built in 1954 or a house that’s falling down and being sold as is.
In my area with that other $140k you’d be putting a chunk of it into the house just to make sure you stay dry and warm in the winter.
Well, I’ll be sure to pass that along to whoever made the meme. Now find me a house in my city for anywhere close to 200k and your point might be relevant.
In your city? No. The expensive market is there to get you to leave that city.
With $200K and applying the 4% time, you can get a small house in BFE for ~$60K (actually less, but I want you to live better than that). Leaving $140K for investing, which could get you more than $460/month for living expenses. More than enough to survive on debt free and without a car.
Man where you live and where I live must be completely different.
You are correct in that you can find a place to buy that’s $60k but the draw back is that as you said, you have to live in BFE.
Here… $60kusd gets you a 1000sq foot trailer built in 1954 or a house that’s falling down and being sold as is. In my area with that other $140k you’d be putting a chunk of it into the house just to make sure you stay dry and warm in the winter.
Unfortunately.