• SoleInvictus@lemmy.blahaj.zone
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        11 hours ago

        I found a blurb that Americans spend an average of $22/week at coffee shops. That’s nearly $1200 per year!

        With a median US home price of $410,000 and a minimum FHA loan down payment of 3.5%, all you need to do it save that for twelve years and never have anything go seriously wrong in the meantime. Then you too can pay about $3300 per month for 30 years, ultimately spending nearly $900,000 for your $410,000 loan.

        • 18107@aussie.zone
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          52 minutes ago

          That’s ignoring that the house prices are going up by more than $1,200 per year. If you save everything, you’ll still be further away from owning a house every year.

    • thevoidzero@lemmy.world
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      14 hours ago

      Rather, it puts you in debt. And now you have even less power. We should normalize everyone being able to live and not force college on everyone. But also make it free/super cheap so people can attend if they want without having to suffer financially