i had 40k saved up when i was still in grad school

you can save it if you prioritize

I have lots of men employed in trades and construction in my family

you can get these picks from harbor freight for 99c

So I could get help easily

anyways you can do 10% purchase, just 20% is optimal

it all comes down to your local market

Yeah, I mean, 10-15% is doable

and dont let perfect become the enemy of good

Lol I'm pretty sure I was breast fed

heres the thing smoke... if housing prices go up that means you should buy

because as prices go up, if you're a renter you're fucked, if you own you're golden

everyone is born "short" a roof over their heads, its a risky position to be in

the safest position is to own your own home

for me i was terrified of being priced out of where i grew up and forced to move

Yes... my area will be expensive eventually. I think if I were to buy here I'd buy a duplex or something, and then eventually move out of the city

yeah duplex can be great, sometimes i wish i did that

i still only have my primary house, my goal is to have an investment property

with a duplex you get both at once

yes, I wish some boomer plague would come so I could get some cheap real estate <:towelsweat:552805059042344960>

i kept waiting all through the last housing crash prices didnt drop that much

if you're in a bubbley area, far from jobs prices can crash

if you're in a rock solid area, they wont drop much

another protip, usually you can refinance 6 months after you buy your house and get a better interest rate

If you inherit a house and land would you also inherit all related debts?

they give a better rate to you on refi because you've already shown you can be trusted to pay for a few months

no

totally depends on the will

What happens to the debts?

good question, depends on the laws

I've often worried about this

I might inherit my great grandfather's house

sometimes houses are immune from debts, but only in certain places like florida

Talking about this just reminded me that I'm the heir to my brother's assets and my father's assets

yeah i think usually they settle the estate, and creditors may get their cut of bills due

Ok

it really depends on your local laws

I need to research the law

I don't want to be fucked with debt

tell your grandpappy to not be such an irresponsible lowlife with his debts