I had quite a few issues with his article. The big one for me was his take on paying for school. He uses 12 weeks instead of 16 for some reason and uses minimum wage at 40 hours a week. Many students work in their fields in the summer making more than minimum wage and many get more than 40 hours a week. He also doesn't account for working during the school year.
I graduated a few years ago but in the age of easy credit it was pretty simple to buy a house 10 months after graduation. I did move to find work the day after my last final though which may have helped.
He also used sole income when many purchasers buy a home jointly. Many single people will also buy a house and rent rooms to their friends or take on roommates. You can use rental income to help qualify.
|