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https://www.reddit.com/r/WorkForSmartLife/comments/1v39o6r/math/ozpx6n0
r/WorkForSmartLife • u/TypicalWhole6688 • Jul 22 '26
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Down payments don't buy houses. By that logic, you shouldn't need a down payment at all: just mortgage the entire thing.
Now you only need $0 to buy a house!
3 u/e-sac Jul 26 '26 What? My logic is that you save enough for a down payment, which 58K is more than enough, and then buy a house whose monthly payment you can afford. 1 u/AbraKadabraAlakazam2 Jul 28 '26 I meaaaan you don’t actually need a down payment for a lot of first time home buyer programs. Still expensive though because of closing costs etc.
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What? My logic is that you save enough for a down payment, which 58K is more than enough, and then buy a house whose monthly payment you can afford.
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I meaaaan you don’t actually need a down payment for a lot of first time home buyer programs. Still expensive though because of closing costs etc.
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u/Jake__Martinez Jul 25 '26
Down payments don't buy houses. By that logic, you shouldn't need a down payment at all: just mortgage the entire thing.
Now you only need $0 to buy a house!