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eyeofthequeentiger OP t1_iyd9ug6 wrote

Reply to comment by TyrconnellFL in Thought provoking question by eyeofthequeentiger

That makes sense. I’m mainly just trying to figure out how much to save up between my partner & I. Don’t need a fancy house. A 3/4 bedroom and 2/3 bathroom with a decent backyard where we can have a garden with fresh produce & flowers is what we’ve talked about.

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TyrconnellFL t1_iydazbp wrote

Getting that in Cleveland or in Los Angeles is entirely different. And everything else aside, it’ll depend on the rates at the time you’re seriously looking. Mortgages at 3%? Put down just enough to avoid PMI. Mortgages at 8%? The more down, probably the better for you.

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freestevenandbrendan t1_iydbneh wrote

The answers to all of your questions are basically "it depends." How much do you make? How much have you saved? Emergency fund? Investments? Retirement? How old are you? Unless you're a high earner in a LCOL area, buying a house in cash is out of the question for most people.

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