A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor' - eviltoast
A millennial couple who earn $250,000 say they can't find a home in their budget. They're cutting back on retirement savings and childcare.
  • joenforcer@midwest.social
    3·
    3 months ago

    Not too weird if you consider pre-tax contributions for retirement and health insurance.

    Regardless, this is some clickbait bullshit. I ran some numbers too like other commenters, and you have to have some real shit credit even with an 11% down payment to get the monthly payment cited in the article. Even so, with an 11% down payment you shouldn’t be buying a house anyway due to the PMI and higher interest that comes with it.

    There’s a whole mess of poor financial decisions that led to the clickbait headline.