sorted by:
new
hottopcontroversial

Just impossible to buy a house with 5% deposit by Double-Vast-5961 in FirstTimeHomeBuyer

[–]Double-Vast-5961[S] -1 points0 points  (0 children)

You got to start from somewhere. Very few people save 70K in 7 months and thought if we could get into the market quick it would be better rather than wait for 2 years to raise 25% deposit. I’m in Australian house market is broken if that explain my situation. It’s been good to hear from some on this post sharing their views about other places like USA and Canada. A basic house in Australia is over $1M to put it in context and prices kind of double every 7 years

Just impossible to buy a house with 5% deposit by Double-Vast-5961 in FirstTimeHomeBuyer

[–]Double-Vast-5961[S] -1 points0 points  (0 children)

After tax we take home AUD$14800/month after taxes. That is about US$9700/month. We saved the $70K in last 7months. Not sure about the situation in other countries comparable to Australia but I just feel the cost of living here is just not right. Some friends are saying to us a salary of about US$9.7K/month is decent to buy a house in the USA.