buying a house

Thread replies: 5
Thread images: 2

Anonymous
buying a house 2017-08-12 12:56:53 Post No. 3034047
[Report] Image search: [Google]

File: 1369871958272.png (79KB, 282x386px) Image search: [Google]

buying a house Anonymous 2017-08-12 12:56:53 Post No. 3034047 [Report]

I've done a lot of research, and I still can't decide what to do desu.

Should I just buy a cheaper house on a 15 year loan and call it a day or should I save for an expensive one, do 30yrs and then put the money in index funds

>no savings except around 15k in my 401k
>just turned 24, making 45-50k/yr (depending on OT)
>will be making 60-70k/yr consistently in the future when I have more experience

>live in midwest

Idk what to do m8s

Anonymous 2017-08-12 01:41:38 Post No.3034385
[Report] Image search: [Google]

Anonymous 2017-08-12 01:41:38 Post No.3034385 [Report]

File: fdd.png (186KB, 540x540px) Image search: [Google]

186KB, 540x540px

also live in midwest. selling my rentals now because prices are so inflated. loans are cheap. i do 30yr. put the extra in index.

if s&p averages ~10% how much more will you gain in 15 yrs at that rate compared to saving 1% on the loan with a higher monthly payment.

Anonymous 2017-08-12 01:44:37 Post No.3034402
[Report]

Anonymous 2017-08-12 01:44:37 Post No.3034402 [Report]

also this will help you figure out your own situation:
https://www.vertex42.com/Files/download2/themed.php?file=extra-payment-calculator.xlsx

Anonymous 2017-08-12 01:55:21 Post No.3034496
[Report]

Anonymous 2017-08-12 01:55:21 Post No.3034496 [Report]

>>3034047
>will be making 60-70k/yr consistently in the future when I have more experience

how can people bet on their future like that?

Anonymous 2017-08-12 02:14:20 Post No.3034642
[Report]

Anonymous 2017-08-12 02:14:20 Post No.3034642 [Report]

>>3034496
by working for a jap company that lays out the pay scale ??

either way, if they went out of business, I will still be making 25/hr minimum somewhere. The field I'm in has basically unlimited jobs and yadyadyada

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible. Read more on this topic here - https://archived.moe/talk/thread/1694/

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/