Vivinavi : Los Angeles : (United States) Los Angeles

• マダム・タッソー
• 2020/04/20 (Mon) 10:43
• Report

＞ We pay just under $45,000 a year in rent alone.

Wow. You are rich.
Do you live in a nice area because of the school district or something ？ If you don't have children, can't you just live in a cheap apartment and save for a down payment?

• 高収入は待つ必要なし
• 2020/04/20 (Mon) 10:56
• Report

If your job has been the same for the past two years and your income has not changed in the past two months, the bank will give you a pre-approve easily and
you can buy a house with a down payment of about $20,000.

• 行動力ゼロ
• 2020/04/20 (Mon) 11:26
• Report

If you can provide 50%, you are completely wasting your life and money.
In America they would laugh at you for being incompetent.

Americans buy a house with a $20,000 down payment and put 50% of it in stocks or buy 5 more houses to build wealth.
Holding paper dollars in the US will only diminish them due to inflation.

• うん
• 2020/04/20 (Mon) 11:29
• Report

⇧ I think there are very few people who can afford a house in this current state. So prices will probably drop even more in the next 2-3 years. If you are in a situation where you have to give up your house within 2 years of purchase, you will get hit hard with taxes and it is better to wait until it falls now. If this continues for a long time, anything can happen except for life-sustaining occupations and businesses. Consumption will be much lower than it is now. If this continues for another few months, there will be riots. More importantly, it's essential that we have the economic strength to minimize spending now and hold on for the long haul. I don't know how long government assistance will last. It is better to have enough money saved up to make payments for one to two years after purchase, and it is also better to have a loan that you can afford. You never know what will happen in life. And I think a down payment should be minimal. You don't have to pay it off, you can sell it when it goes up and upgrade. I would keep 30% of a 50% down payment as a backup in case of an emergency. I think the important thing is to buy as much as you can maintain so that you can sell when you want to sell.

• うん
• 2020/04/20 (Mon) 11:34
• Report

298
I guess I half agree and half disagree.

I think we need a cash reserve because if we're in a situation like now and everything is in investments, everything will fall in value proportionally and we'll be stuck. Our assets are invested 70% in investments and 30% in deposits. We don't want to give up our stocks when they go down, and we wouldn't want to give up our house when it goes down either.