With the typical home down payment now over $60,000 — nearly double what it was before the pandemic, according to Redfin — it might seem like it would take forever to accumulate enough, putting the dream of homeownership out of reach.
And high-risk instruments are not a prerequisite for going astray. The Dow Jones Industrial Average DJIA, the Nasdaq COMP, the S&P 500 SPX and even the bond market BX:TMUBMUSD10Y are all down sharply this year. Be as visual about it as you can, like naming it the “304 Maple Avenue Fund,” so you’re motivated to save for a specific goal.
A couple of caveats: You must hold I-bonds for at least a year, and if you cash in before five years you’ll lose three months of interest. Since the rate changes every six months and the Treasurydirect.gov buying system is clunky, it’s probably not the best for incremental purchases. With rates changing so quickly, you’ll want to be cautious on how long you lock up your money. In the very short term, a simple high-yield savings account might be your best option.
😂 get into debt
Correct me if I’m wrong but lenders will be screwed right now if the dollar collapses
I would go to my local credit union. There are private mortgage options as well. You could always find a Builder that may have Financing options..
Lies. You're not telling the whole story... you going for a $10M house?
How much home ya trying to buy, cause you have $150k cash and another $300k you can get from selling your current house. These articles are ridiculous.
I don’t see an income stream in your data. That’s why. Unless you can buy a house with cash, then they’re not going to lend to you without an income stream.
Buying a house now is America’s single most risky investment. Average Americans cannot afford housing at this point. You have to pour in too much money now, pour money into the crappy house after you buy it, then watch it depreciate to a saner level in the next two years.
Article has nothing to do with tweet.
Stop being to controversial for the banks to turn away your money. There is always a bank that will privide a loan.
Unless you are a known drug cartel member, there exist no bank in the world that would not lend you money based on your collateral.
Go to Vegas and triple your money!
lenders prey on desperate people who will ride it all the way to paying full interest, they're not interested in people who have money.
According to the picture in the article we should probably just die
well the best way to get loans is to be appealing to a lender, meaning you don't have money, and you need money, so you're willing to pay interest to get money obviously the example is someone who doesn't need money.
I don’t even feel like this could be a real question
That's a lot of money!
Move to a cheaper state
Get a job and pay taxes/interest to show your income is stable. Any crackheads parents can pass away.
Bad credit will do that.
Credit history makes the world go round.
It’s probably because they are white and privileged.
Wow if he is struggling then mortgage companies will start to go bankrupt. Few have that much in cash.
Wait for eight months or so and you'll be able to buy without a mortgage.
Show them middle finger, banks are thieves who will only lend you when they need to they don’t care when you need
Wong time to buy a house
Confam Excess profit if you invest this money here
Maybe need to add more debt to that balance sheet.
NOT IT'S NOT ENOUGH
Send it to Ukraine and someone will notice