Sure and all of this is moot if you can’t afford a down payment. The down paymen... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		Swizec on Sept 25, 2020 \| parent \| context \| favorite \| on: A Few Rules Sure and all of this is moot if you can’t afford a down payment. The down payment and closing costs on a 1.5mil home are massive Paying the mortgage itself isn’t the problem. We already pay the landlord’s mortgage.

AlexTWithBeard on Sept 25, 2020 [–]

5% downpayment for $140k home is $7k.

This is one quarter of an average wedding expenditure in the US [1]

[1] https://www.weddingstats.org/average-cost-of-a-wedding/

Swizec on Sept 25, 2020 | [–]

Yes but $140k homes are not available where I want to live.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact