So i basicly got no way in hell for most part. Unless i go by way of almost half cost on down payment? The place i was looking at was 172,000 and was 3 bedroom 2 bath, with 2 car block garage behind the place.

 

Assuming it's here in florida you can look at paying about $1700 a month after taxes and insurance assuming you put only 25% down. Insurance will be about $3000 a year, taxes about $2500 and power will be about $250 to 300 a month for a house that size.

 

When you've got a good job and a little money saved and can comfortably afford the payment by yourself, then by all means buy a house. If you can rent a room or two out to some friends to put towards the payment, that's even better.



Otherwise, I'd suggest you skip it.



That being said, I wish I'd bought my first house sooner than I did.

 

Move to another state. Florida is cheap, but certainly not the cheapest. Move out midwest, you can buy a house for as much as a car!

 

and earn half as well

 

or less, like here, if you don't come with a downpayment you can't afford to live here, wages havent even came close to catching up to house prices

 

nope. you are wrong sir. i looked into it the first time you said it. it's the same exact pay. well, at least where I might be moving to that is. don't know about bumfuck oklahoma or some ****.

 

Wait a while, new housing sales in the US dropped 21% in July.

That market seems to be slowing down, wait for resales to do the same.

Save some cash! Seriously you don't want to be "house poor".

And being able to afford a house with the help of 2 others means . . you can't afford it.

So start saving now!

 

well tecnicaly as long as i keep my gigs up ill be making 2k/month so for most part on money id be ok, granted theres no way of knowing if that will keep up. On top of that i work on cars still on weekends. I can make money just need to be able to show it i guess.

 

Money talks. Save up a 20% downpayment and you can avoid PMI. 10 or even 5% is going to make the loan approval much easier.