Portal Forum General General Discussion Home Ownership Reply To: Home Ownership

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  • GoldenHas donated $ to the upkeep of GPL
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DX–I read your statement the same way. It reads as a very strong statement of principle–
“I still stand firmly behind the principle that if you can’t afford 20%, you can’t afford the home.”
when in fact, the latter part of the statement isn’t even true. To save that much, you essentially have to make a house payment to yourself for years, while also paying rent, now demonstrating that you can afford a HIGHER payment, i.e. a bigger mortgage, than you saved 20% for.