Not to mention 3 or 4 ppl that can and will reliably make mortgage payments for 15 or more likely 30 years. Once someone drops out because of life then they’ll want to be bought out by the next person which introduced a whole bunch of headaches. Having watched this exact thing play out, this will most likely turn into a bitter nightmare of endless paperwork and some ruined relationships.
Comment on Charging to tour rental properties...
aesthelete@lemmy.world 1 month agoThat would require people to have three to four close friends that could tolerate their presence. That’s an exceedingly rare thing in the US as we’re mostly all intolerable cunts.
Mog_fanatic@lemmy.world 1 month ago
Gerudo@lemmy.zip 1 month ago
Also, it would require every friend to have savings to put down a down payment and also credit good enough to actually qualify. That’s on top of finding 3 or 4 friends you’re willing to live with.
fishpen0@lemmy.world 1 month ago
Kraven_the_Hunter@lemmy.dbzer0.com 1 month ago
Do you think that 20% of $350k is about $20,000? I feel like I’m missing something important here .
cabb@lemmy.dbzer0.com 1 month ago
Maybe first-time home buyer programs? But those are like 3% typically so it wouldn’t get you there and that’s before including closing costs, moving costs, and possible repairs.
StupidBrotherInLaw@lemmy.world 1 month ago
350,000 x 0.20= 70,000 70,000 / 4 = 17,500 17,500 - 5000 = 12,500
Each person would need 17,500 for a 20% down payment, 12,500 more than the 5000 quote.