First, you can get a zero down loan at that income level. Wouldn’t recommend it but I can tell you haven’t seriously explored home loans if you don’t know this.
Second, if you make $250k a year and you’re struggling to put $10k, or hell, even $50k down… you need to make a budget because damn
> you literally still need to save to have your downpayment. While you're renting.
Just so you know, I did it. I bought a condo a 20 minute train ride from sf, making quite a bit less than 250k.
I did it at $180k a year by moving into a studio in oakland, and that was overkill tbh. Saved $1.5k a month and biennial vacations were to New York and Vegas instead of France and Japan. Such a sacrifice /s. Now imagine how easy it’d be with an extra $70k (about the average annual salary).
The best advice i can make to you, if you really are making above 200k a year, is to make a budget spreadsheet.
Many places.
First, you can get a zero down loan at that income level. Wouldn’t recommend it but I can tell you haven’t seriously explored home loans if you don’t know this.
Second, if you make $250k a year and you’re struggling to put $10k, or hell, even $50k down… you need to make a budget because damn
> you literally still need to save to have your downpayment. While you're renting.
Just so you know, I did it. I bought a condo a 20 minute train ride from sf, making quite a bit less than 250k.
I did it at $180k a year by moving into a studio in oakland, and that was overkill tbh. Saved $1.5k a month and biennial vacations were to New York and Vegas instead of France and Japan. Such a sacrifice /s. Now imagine how easy it’d be with an extra $70k (about the average annual salary).
The best advice i can make to you, if you really are making above 200k a year, is to make a budget spreadsheet.