Bro, the 4x4 Revl (no longer made) in that picture can run you north of 200k.
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.
I was thinkin that seemed way more afforable. 45 might get you a minivan if you stay frugal on the features. And lets not forget in 10 years you gotta do it again.
If you have to buy a new car every 10 years you’re doing something wrong.
comparing a car to a full sized van is funny. A van like that is going to cost decently in repairs after 10 and don’t forget its got household type repairs to because its supposed to be living quarters.
You were the one that specifically mentioned a mini-van, not me. And referring to any automobile as a “car” is commonly understood shorthand. Quit trying to move the goal posts. I’m not going to argue about the point you wish you made vs the one you actually did.
Your car can last 20 years or longer if you take care of it. I scrapped my 04 Honda Pilot this year after the rust got to be too much trouble.
comparing a pilot to a full sized van is funny. A van like that is going to cost decently in repairs after 10 and don’t forget its got household type repairs to because its supposed to be living quarters.
You mentioned a minivan in your comment, which is not really something suited to being lived in. I was just saying you can expect one to last a lot longer than 10 years if you don’t neglect it.
were you living in it ? living is a vehicle is a different thing that having it in a parking space 70% of its life.
45k is the down payment, you think we’d just let someone live somewhere without still paying monthly?
Affordable housing?! In this economy?
