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Saving 30% down on a $400,000 home ($120,000) is not realistic for an under 30 couple...

I didn't in anyway mean for a starter home to be one of the $400K ones. I took from this line in the article:

median price of $402,045

These 2 things: Median is not average. It's middle in the list as far as # of house listed in order by price. And that it's for all homes, not just homes bought by young couples as a started home. The starter homes need to be much cheaper than $400K.

I just did a zillow search in my area and see many small old homes on small lots from 100K to 150K. Saving up 30% for one of those seems quite do-able.

46 posted on 03/07/2024 9:56:22 AM PST by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)

To: Tell It Right

I just did a zillow search in my area and see many small old homes on small lots from 100K to 150K. Saving up 30% for one of those seems quite do-able.

Agreed.

100 posted on 03/07/2024 10:45:49 AM PST by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)

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