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Harry Mills
The Hill
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Comments by "Harry Mills" (@harrymills2770) on "Krystal Ball: The Next Housing CRISIS Is Here And The Villains Are Exactly Who You'd Expect" video.
How long will it take you to save up $40,000? That's 20% down on a $200,000 place. Living at home, you should be able to sock away $10,000 a year, at least, if you work at it. And there are special deals for first-time home buyers and vets that get you in for less than 20%. You'll have to buy mortgage insurance if you're not a vet, but you can get into a place, if you work hard at it.
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@erikprestonTV Yup. My little sister did that, and then Dad willed her the house! I had to make my own way, and eventually cashed in some retirement to make my first home purchase. With the rapid appreciation on the property, it's turned out very well. $100,000 for the $60,000 I sacrificed.
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It makes perfect sense if you anticipate hyper-inflation, which seems likely, given how our federal government prints money.
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I purchased a nice home for just under $200,000 about 8 years ago. Its value is $300,000 or was when I checked a year ago. Build an Earth Ship outside of town. Telecommute.
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