Be careful that in the 4 years it takes you to save $20,000 housing prices will have gone up over $40,000 in your area
Interest rates for savings are so low that compound interest is a little factor.
So 20,000 divided by 48 months is about 420 a month. If you cannot save more than $100 a week for 4 years you may not be able to afford a house.
Start looking for fixer-uppers and repos now - and build up with sweat equity.
How old are you and what do you do for a living?
Be careful that in the 4 years it takes you to save $20,000 housing prices will have gone up over $40,000 in your area
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Seems like they’ve gone up $20,000 since last week.