How much do I need saved if I want to buy a $200,000 house /biz/?

twenty percentomundo

>>1394519
Really only 20 percent? What the fuck

$199,999.99

K-n-e-e-p-a-d-s and determination

>>1394523
a 20% down payment is the traditional standard

>>1394504
20% to avoid getting raped
Don't do it though unless your ultimate life goal is owning a house in that location. You're going to pay so much god damn money in interest.

You'll need $200,000.

>>1394504
God damn I wish i lived in a country where i could buy a house for $200k.

I just bought a little shitty box on a shitty block of land in country Australia, and it cost me $350,000.

>>1394633
Australian housing market crash of 2017. Screen Cap this post

>>1394633
How big a box on how big a block?

>>1394504
The more you put upfront the better

30% is a minimum tu be able to negociate the terms of the contract

If you could save 10k a year, invest them and start considering purchasing in 5years

>>1394523
that's $40,000 so work your ass off for two years while saving 50% of your income

can someone explain why people buy a house with the minimum downpayment/deposit? Is the idea that the value of the house will exceed the (huge) amount of interest you'll pay over the life of the loan?
Why don't people rent and then just buy outright?

>>1394958
House payments are often lower than rent and it's not just thrown away to the landlord, but building equity