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2.
“My secret recipe: Being born at the right time.”
“One year out of college in 1993 I bought a condo for $76K on a $24K salary job I’d had for six months, put $7K down.
That same condo is $350K now, which would make the monthly payment about $2,300 on a $280K mortgage when including P&I, HOA, RE taxes, and insurance. Add another $100/mo or whatever PMI would cost if you didn’t have the $70K down.
I don’t know how people do it these days.
My father’s house story is even more ridiculous. Bought a 2,500 Sq ft ranch-style block home in Tempe, in 1970, for $23K. That was on a $12K salary with my mother staying at home to raise us. Also 2 cars in the garage. That house is valued at $615K now.” —u/rumblepony247
Source: https://www.buzzfeed.com/jessg/people-are-sharing-how-they-actually-afforded-buying-a-home
