Quote:
Originally Posted by FireFly
yes, but rents have also gone up. So I can save less now than before, so it takes longer to save the $5000, let alone the $15,000. However, as a first time buyer, I do believe I can get the downpayment included in the mortgage, no? Regardless, being single and only making $40,000/year makes it impossible to get any mortgage at all. I'd need to get one with someone, and no one I know can afford one either.
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I'm in a similar situation. It's a terrible feeling when it just seems that you can't get ahead. Like, if I was one year older, I would have been finished school in time to buy before the real estate boom, but that wasn't an option. Now I'm trying to put myself in a position to buy something here, but it just seems so intimidating. My girlfriend has 2 more years of school, so that's how long i have to wait to be able to have a 2 income household, which is what I would need to buy here.