Over half of Americans claim they're nowhere near achieving their definition of financial freedom, with 36% saying they have less than $1,000 in their savings accounts.
I don’t even know what point you’re trying to make. The person purchased a starter house at a pricepoint they were approved for. Maybe they don’t want a 40 minute commute to Seattle. Why are so up in arms about somebody buying a house? They used to hand them out practically for free in the 1940s and 50s.
I’m not up in arms about him buying a house. I’m providing him info that suggests he make better financial choices since he is claiming he is nearly underwater.
A $300k cash injection and significantly lower mortgage would most assuredly help with that.
I don’t even know what point you’re trying to make. The person purchased a starter house at a pricepoint they were approved for. Maybe they don’t want a 40 minute commute to Seattle. Why are so up in arms about somebody buying a house? They used to hand them out practically for free in the 1940s and 50s.
I’m not up in arms about him buying a house. I’m providing him info that suggests he make better financial choices since he is claiming he is nearly underwater.
A $300k cash injection and significantly lower mortgage would most assuredly help with that.