If he can afford $800 a month, he could have been socking away those $800 for the last 12 months, and he would have almost $10,000 in the bank.
It is a heck of a lot easier to find decent housing when you have $10,000 in the bank. Using $10,000 as a down payment, he could set himself up in a modest house and start accumulating wealth.
Like 610 Columbia St in Orlando, selling for $64,900. Check it out on Zillow. It’s not a palace, but it beats the heck out of a hotel room!
Yep, that was exactly what I was thinking. He’s probably been living the “vacation” life for a whole year now and hasn’t saved a dime.