$250k is a 2 bedroom condo (barely) these days. Condo fees are an average of $250. Property tax...yeah, that too.
Then you factor in some very conservative estimates on food ($300), gas ($400), car insurance ($100), and bills (like cellphone or cable/internet). You're basically living paycheck to paycheck.
It's almost impossible for a single guy making $50k to own property on his own. And what's sad to me is that $50k a year is no longer enough for comfortable living.
So oilers_fan, I really feel for your plight.
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