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JumpinJammiez OP t1_jaewdw7 wrote

Reply to comment by ReddSaidFredd in Need Some Advice - Best Way To Tap Into Home Equity? by JumpinJammiez

Well, the median home price in my city is $529k. In my immediate area, in a less expensive neighborhood, I could get a smaller house for 400-425k. At current rates over 3x what mine is, it'd still be more expensive, considerably.

Even if we rented, I'd still be paying $2500 or more.

The cars are 2019 and 2017. Where you can get 2 new cars for 25k each (one of which that fits 6 people) is beyond me.

Having $3k CC debt is less than 1/2 the American average.

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ReddSaidFredd t1_jaezrhc wrote

Like I said, a current normal American family. Adding consumer debt onto your pile of consumer debt so you can work until you are 70 since you will always be in debt.

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JumpinJammiez OP t1_jaf06fx wrote

So what does the average American with average credit do when their family requires 2 cars and a home in the current economy? I see you've got it figured out so please do tell.

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