Buying A Home
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Down Payment question?
What is a good down payment on a $250,000?
Re: Down Payment question?
Just a few posts down is a thread titled How much for a downpayment.
I'd highly recommend you put 20% down, so $50K.
This is just me, but if I couldn't afford to put 20% down, have at least a six months of an emergency fund, and extras for everything else I need, I don't believe I can afford to buy a house. My DH and I lived like collage students for years after we graduated. It was easy for us to save more then half of what we made every year.
I know it's none of my business how other people spend their money, but when I hear people say they put down less then 20% I cringe. There were a lot of reasons the housing market crashed, and one of them was because people bought more house than they could afford. If you can't afford to save, you can't afford to buy house. You might end up living hand to mouth for the rest of your life. I'm more interested in building my net worth, and having a comfortable retirement, then buying a house before I'm ready. People may say that I'm being "self righteous, ignorant, and it's just not possible to save that much" but I think that in itself is a very ignorant statement.