this post was submitted on 01 Oct 2023
709 points (98.5% liked)
Personal Finance
3819 readers
1 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I don't really have any idea of owning a home for the rest of my life. Even making enough money to potentially get close seems impossibly out of reach.
I feel like I should just claim homes that are empty at this point.
You bought it as an investment but nobody is renting it since you're letting your rentee pay your bills? Looks like this is my property now.
This is partially why "squatters' rights" was a law. Live in a home for a certain number of years, and it's legally yours if the "owner" suddenly shows up and tries to kick you out. It also had to do with banks selling property that people already owned, but that's just another form of corporate skullduggery.
Move in like a sovereign citizen haha.
First time home buyers in the US don't need any cash for a down payment or closing costs. You can roll it all into the mortgage. This is how the majority of first time homebuyers get started. You just need a good credit score and enough income to qualify for the mortgage - which is impossible in some cities and easy on a McDonalds wage in others.