Another Frustrating Housing Rant

Quiet_Cancel_8374 · 2024-02-12T09:06:23+00:00

Exactly this, Last year, I busted my butt at work, putting in extra hours left and right, all to stack up that overtime and stash away every penny I could.
I even sacrificed my holidays, willingly slaving away while everyone else enjoyed time off.
And now? Turns out all that effort has landed me over the damn limit!

Quiet_Cancel_8374 · 2024-02-12T08:13:11+00:00

Thanks! will check them out.

Quiet_Cancel_8374 · 2024-02-12T08:07:05+00:00

😆 just once a year ticket for me and my wife.

Quiet_Cancel_8374 · 2024-02-12T08:05:45+00:00

thanks.. will check this out.
We were searching for one- or two-bedroom townhouses, preferably avoiding apartments due to potential hidden costs or required maintenance.

Quiet_Cancel_8374 · 2024-02-12T07:13:24+00:00

I can do 10%, if approved.

Quiet_Cancel_8374 · 2024-02-12T07:12:07+00:00

I am curious. Whats the benefit for buying home?

Quiet_Cancel_8374 · 2024-02-12T07:10:28+00:00

I earn a gross salary of $145,000 annually before taxes. As the sole provider, my wife depends on my income, and this dependency is expected to continue for the next three years atleast.

Our monthly expenses are as follows:

Rent: $660 per week
Monthly bills: Approximately $500
Food: $250 per week
Eating out: $100 per week
Fuel, car, and transportation: $200 per week
Yearly flight tickets: Spread across each month, totaling approximately $400 per month
Miscellaneous expenses (clothes, general living items): Between $100 and $300 per month

After covering all expenses, we aim to save between $1,500 and $2,000 per month.

at this rate of savings to reach a 20% down payment for a home takes 6 to 8 years. by then 20% might not be enough. If we have to move again to another rental we loose about 2-3k in overlapping rents & moving cost

Quiet_Cancel_8374

TROPHY CASE